String Metaverse Q2 Revenue Soars 213%, Profit Jumps 229%
String Metaverse, India’s first publicly listed Web3 firm, reported explosive growth for Q2 and H1 FY26, with revenue and profit more than tripling year-on-year.
Key Takeaways
- H1 FY26 revenue surged 213% to ₹432.34 crore
- Profit after tax jumped 229% to ₹39.93 crore
- EBITDA margin expanded from 2.48% to 7.50%
- Active gaming users grew to 4.7 million
Financial Performance Breakdown
In Q2 FY26, String Metaverse’s consolidated income reached ₹233.27 crore, a 165% year-on-year increase. Profit after tax skyrocketed 221% to ₹21.64 crore, while EBITDA surged 223% to ₹25.83 crore.
The first half performance was even more impressive, with revenue climbing to ₹432.34 crore and PAT reaching ₹39.93 crore. Cash EBIT of ₹47.65 crore represented a 226% YoY jump, indicating strong liquidity and operational efficiency.
Operational Milestones
The company’s gaming ecosystem expanded significantly, with active users growing 17.5% quarter-on-quarter to 4.7 million. This growth was driven by successful launches of IdleMine 3.0, String Drive, String Tetris, and Rabbit 9x.
The fully integrated $IDLE Token recorded $50 million in trading volume and processed 1 million on-chain transactions in Q2 alone. The company also deployed Solana validation nodes and processed over $80 million in DeFi transaction volume.
String Fintech HK Ltd achieved $920 million in perpetual transaction volume across Deribit and Binance, while the company established advanced colocation servers at three global hubs to power high-frequency trading strategies.
“Q2 FY26 marks the strongest quarter in our company’s history. Our integrated ecosystem — spanning gaming, DeFi, and high-performance computing — continues to scale exponentially. The combination of community engagement, token integration, and infrastructure depth positions String Metaverse as the operating system of the internet financial system,” said Ganesh Meenavalli, Managing Director of String Metaverse.
“Our growth is not just financial; it’s structural. With the $IDLE token now becoming the default settlement layer across our gaming platforms, and with validation nodes and HFT servers live in three global hubs, we are redefining how digital assets and financial infrastructure merge,” Meenavalli said.
About String Metaverse
String Metaverse Ltd (BSE: META) is building the Internet Financial System OS, connecting blockchain, gaming, AI, and high-frequency trading ecosystems. Through its global subsidiaries, the company powers scalable digital economies with programmable money rails and DeFi liquidity networks .
