Financial Results for the quarter ended 30-06-2025
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String Metaverse Limited (formerly Bio Green Papers Limited) reported strong consolidated results for Q1 FY26. Revenue from operations surged to ₹19,886.11 lakhs, up nearly 4x from ₹5,001.51 lakhs in Q1 FY25, driven mainly by the Gaming segment (₹17,519.58 lakhs) and a new High-Frequency Trading (HFT) segment contributing ₹2,366.53 lakhs. Consolidated profit after tax jumped to ₹1,829.75 lakhs from ₹538.12 lakhs a year ago, with EPS rising to ₹1.60 from ₹0.55. On a standalone basis, however, revenue rose only modestly to ₹257.84 lakhs and profit fell sharply to ₹28.89 lakhs from ₹116.52 lakhs. The board also approved a new ESOP 2025 scheme (25 lakh shares), ratified the ESOP 2023 scheme (99 lakh shares), appointed a new Independent Director and a new CMO/CEO-Global Operations, and proposed material related party transactions subject to shareholder approval.
Strong consolidated revenue and PAT growth driven by subsidiaries is a positive signal for shareholders, though the standalone business remains small and less profitable. Watch for dilution from new ESOP grants and monitor the proposed related party transactions, which need shareholder approval at the AGM on 26 September 2025.