String Metaverse Ltd Reports Robust Q1 2025 Financials After Landmark Merger

String Metaverse Ltd, post-merger with Bio Green Papers Ltd, announces strong financial results for Q1 FY 2025 with Rs 50.02 crores in revenue and Rs 5.38 crores in PAT. Backed by Spacenet Enterprises and 63 Moons Technologies, it marks a pioneering entry into Web 3.0 on the BSE main board.

String Metaverse Ltd, following its merger with Bio Green Papers Limited, has announced its robust financial performance for the first quarter of FY 2025. The company reported consolidated revenues of Rs 50.02 crores alongside a profit after tax (PAT) of Rs 5.38 crores.

Supported by investments from Spacenet Enterprises LTD and a 3.0 VERSE Ltd subsidiary of 63 Moons Technologies, String Metaverse will become the first Web 3.0 enterprise to commence trading on the BSE main board. The company operates globally with offices in Gift City, Hyderabad, UAE, and Hong Kong.

The merger has markedly strengthened the company's financial standing. For FY 2024, String Metaverse achieved a consolidated revenue of Rs 151.21 crores and a PAT of Rs 10.82 crores. New innovations in technology like Public Blockchains, Energy Storage, AI, and Robotics are set to dominate global markets, potentially growing from USD 19 trillion to USD 220 trillion by 2030, as per ARK Investment. Founder Krishna Mohan Meenavalli expressed confidence in a 100% CAGR growth over the next three years, driven by Web 3.0 and next-generation technologies.

(With inputs from agencies.)