Financial Performance - Q1 FY27 Results

Revenue Performance:

  • Q1 FY27 Revenue: ₹392.42 crore
  • Q1 FY26 Revenue: ₹199.07 crore
  • Year-over-Year Growth: +97.13%

Profitability:

  • Q1 FY27 Profit After Tax (PAT): ₹36.92 crore
  • Q1 FY26 Profit After Tax (PAT): ₹18.30 crore
  • Year-over-Year Growth: +101.80%

Strategic Business Update

The company announced the launch of Billson Chain, developed in partnership with Hedera, as a key strategic initiative. This blockchain platform is designed to:

  • Bring invoices, receipts, and commercial transaction records on-chain
  • Create blockchain-verifiable digital records for enterprise and financial applications
  • Connect conventional commercial transactions with blockchain-based verification, tokenization, and programmable settlement

Potential applications include: automated reconciliation, invoice verification, tokenized receivables, enterprise payments, financing, and programmable settlement infrastructure.

Technology Strategy Framework

The company outlined its longer-term technology architecture around three interconnected layers:

1. AI & Digital Infrastructure

2. Blockchain & Tokenization

3. Financial Transaction Infrastructure

This strategy focuses on the convergence of artificial intelligence, blockchain, digital assets, tokenization, and programmable financial infrastructure.

Management Commentary

Ganesh Meenavalli, Managing Director, stated: "Q1 FY27 represents another strong quarter for String Metaverse. Revenue increased approximately 97.13% year over year to ₹392.42 crore, while Profit After Tax more than doubled to ₹36.92 crore. We remain focused on scaling our technology businesses while maintaining financial discipline and investing in platforms that can participate in the next generation of global digital infrastructure."

Regarding BillsOnChain: "The launch of BillsOnChain in partnership with Hedera expands our strategy into real-world commerce. We believe the convergence of AI, blockchain, tokenization and programmable settlement will fundamentally reshape how businesses and autonomous systems transact globally."

Forward-looking Statements

The disclosure contains forward-looking statements regarding the company's strategy, business plans, technology initiatives, and future expectations. The company notes that such statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied.

Filing Details

  • Filed by: Medam Chowda Reddy, Company Secretary & Compliance Officer
  • Filing Date: August 11, 2026
  • Regulatory Reference: Regulation 30 of SEBI (LODR) Regulations, 2015
  • Document Access: Also available on company website at https://www.stringmetaverse.com/