String Metaverse Ltd's Profit Surge: A Digital Revolution

String Metaverse Ltd, a Hyderabad-based company, posted a profit of Rs 12.13 crore for H1 FY25. Following its recent BSE debut, it reported Rs 137.82 crore in revenue. The firm's merger with Bio Green Papers Ltd under IBC has fueled its focus on AI, Web3, and blockchain, anticipating significant growth.

String Metaverse Ltd, based in Hyderabad, has posted impressive financial results, recording a post-tax profit of Rs 12.13 crore for the first half of fiscal year 2025, ending in September.

The company, which was newly listed and began trading on the Bombay Stock Exchange earlier this month, achieved a revenue of Rs 137.82 crore over the same period.

This notable performance follows its strategic merger with Bio Green Papers Ltd under the Insolvency and Bankruptcy Code framework, approved by the National Company Law Tribunal. The company's focus on cutting-edge technologies such as Web3 gaming, artificial intelligence, and blockchain indicates a promising future, with CEO Santosh Althuru highlighting plans for significant commercial growth.

(With inputs from agencies.)