Internet Software & Services company String Metaverse announced Q1FY27 results Consolidated Financial Highlights: Revenue from Operations: The consolidated revenue from operations for Q1FY27 stood at Rs 39,240.35 lakh, representing a significant YoY growth of 97.33% compared to Rs 19,886.11 lakh in Q1FY26. On a QoQ basis, revenue increased by 9.18% from Rs 35,940.17 lakh in Q4FY26. Total Income: Total income for the quarter was Rs 39,242.30 lakh in Q1FY27, up by 97.13% YoY from Rs 19,907.28 lakh in Q1FY26. It saw a QoQ growth of 7.39% from Rs 36,542.34 lakh in Q4FY26. Profit Before Tax (PBT): The company reported a PBT of Rs 3,689.53 lakh in Q1FY27, reflecting a YoY increase of 100.71% from Rs 1,838.20 lakh in Q1FY26 and a 4.02% increase QoQ from Rs 3,546.80 lakh in Q4FY26. Net Profit for the Period: Net profit stood at Rs 3,692.38 lakh in Q1FY27, an increase of 101.80% YoY from Rs 1,829.75 lakh in Q1FY26 and a 6.39% increase QoQ from Rs 3,470.62 lakh in Q4FY26. Total Comprehensive Income: The company recorded a total comprehensive income of Rs 3,681.14 lakh in Q1FY27, compared to Rs 1,838.24 lakh in Q1FY26 and Rs 4,595.22 lakh in Q4FY26. Earnings Per Share (EPS): Basic and diluted EPS for Q1FY27 was Rs 0.30, compared to Rs 0.15 in Q1FY26 and Rs 0.29 in Q4FY26. Standalone Financial Highlights: Revenue from Operations: Standalone revenue for Q1FY27 was Rs 404.78 lakh, up by 56.98% YoY from Rs 257.84 lakh in Q1FY26 and up 4.44% QoQ from Rs 387.58 lakh in Q4FY26. Total Income: Standalone total income stood at Rs 406.47 lakh in Q1FY27, representing a YoY growth of 45.78% from Rs 278.82 lakh in Q1FY26, but a decrease of 58.91% QoQ from Rs 989.16 lakh in Q4FY26. Profit Before Tax (PBT): Standalone PBT was Rs 17.00 lakh in Q1FY27, a decline of 41.16% YoY from Rs 28.89 lakh in Q1FY26 and a decline of 94.49% QoQ from Rs 308.34 lakh in Q4FY26. Net Profit for the Period: Net profit for Q1FY27 was Rs 19.85 lakh, a decrease of 31.29% YoY from Rs 28.89 lakh in Q1FY26 and a decrease of 90.56% QoQ from Rs 210.20 lakh in Q4FY26. Business Highlights: Segment-wise Performance: Gaming - IT Services: This segment recorded a revenue of Rs 39,091.19 lakh in Q1FY27 compared to Rs 17,519.58 lakh in Q1FY26. The segment result for the quarter was Rs 4,863.49 lakh. HFT (High-Frequency Trading): This segment recorded a revenue of Rs 149.16 lakh in Q1FY27 compared to Rs 2,366.53 lakh in Q1FY26. The segment result was a loss of Rs 480.03 lakh. Fund Raising Approval: The Board approved a proposal for raising of funds for an aggregate amount up-to and not exceeding Rs 1,000 crore through the issuance of equity shares and/or other eligible securities including convertible securities, warrants, ADRs, GDRs, and/or FCCBs. Bonus Issue: The Company issued bonus shares to its public shareholders in the ratio of 2:9 on June 22, 2026, and accordingly, the EPS stands restated. Regulatory Expenses: Other expenses include Rs 57.68 lakh incurred towards ROC filing fees in connection with the increase in the authorised share capital of the Company. Subsidiary Performance: The statement includes results of 9 entities, including Torus Fintech Private Limited, String Forex Private Limited, String Fintech HK Limited, String Digi Tech PTE Ltd, Kling Digital Assets FZCO, and others. Ganesh Meenavalli, Managing Director, String Metaverse, said: "Q1FY27 represents another strong quarter for String Metaverse. Revenue increased approximately 97.13% YoY to Rs 392.42 crore, while Profit After Tax more than doubled to Rs 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." “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.” Result PDF