String Metaverse Limited announced its consolidated financial results for the quarter and half-year ended 30 September 2026 through a press release disclosure under Regulation 30 of SEBI LODR.
Financial Performance - H1 FY27
- Revenue from operations for H1 FY27: ₹802.66 crore, representing 86.1% year-on-year growth
- EBITDA (PBDIT): ₹91.18 crore, representing 91.3% year-on-year growth
- EBITDA margin: 11.4%, expanding by 31 basis points
- Profit after tax: ₹76.79 crore, representing 92.3% year-on-year growth
Financial Performance - Q2 FY27
- Revenue from operations for Q2 FY27: ₹410.26 crore, representing 76.5% year-on-year growth
- EBITDA: ₹47.32 crore, representing 83.2% year-on-year growth
- EBITDA margin: 11.5%, expanding by 42 basis points
- Profit after tax: ₹39.86 crore, representing 84.2% year-on-year growth
- Sequential growth: Q2 revenue was 4.6% higher than Q1 FY27; Q2 PAT was 7.9% higher than Q1 FY27
Performance Milestones
- H1 FY27 revenue represents 75.1% of FY26 full-year revenue
- H1 FY27 profit after tax represents 74.9% of FY26 full-year profit after tax
- Rule of 40 score for H1 FY27: 87.4%, more than double the 40% benchmark
Management Commentary
Ganesh Meenavalli, Managing Director, stated: "The first half of FY27 has been a defining period for String Metaverse. Delivering three-quarters of last year's revenue and profit in just six months, while expanding margins, shows that our growth is both scalable and profitable. We are now sharpening our focus on agentic gaming, payment rails for AI agents and our broader AI ecosystem, where we see the opportunity to build scalable digital businesses that will drive the Company's next phase of growth."
Company Description
String Metaverse Limited is described as a Web3, blockchain and AI company headquartered in Hyderabad, India, with international offices in Hong Kong, Dubai, Ras Al Khaimah and Singapore. The company's vision is "Every Interaction is a Transaction."