Financial Results for the Quarter & Financail Year ended 31st March, 2026.
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String Metaverse Limited reported strong consolidated results for FY2026 with revenue from operations jumping 162.5% to Rs 1,06,911.23 lakhs from Rs 40,735.94 lakhs in FY2025. Profit after tax (PAT) more than tripled to Rs 10,252.65 lakhs from Rs 3,524.56 lakhs, representing a 191% year-on-year increase. The company's balance sheet strengthened significantly with total assets doubling to Rs 34,200.99 lakhs and equity more than doubling to Rs 33,191.10 lakhs. Operating cash flow was robust at Rs 14,392.80 lakhs. The company operates gaming software development and high-frequency trading (HFT) businesses across multiple international subsidiaries. The statutory auditors issued unmodified (unqualified) opinions on both standalone and consolidated financial statements. The Board also noted a first-time insider trading violation by a designated person, which resulted in a warning letter being issued.
The strong 162% revenue growth and near-tripling of PAT indicates robust business expansion driven by the gaming and fintech subsidiaries, which is positive for shareholders. However, the standalone results show modest growth (~5% revenue), suggesting the group's performance is largely dependent on subsidiary operations. No going concern issues or audit qualifications were raised.