Investor Presentation
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Awaiting price reaction for this filing.
String Metaverse (formerly Bio Green Papers) filed its Q3 FY26 investor presentation highlighting strong financial growth. Revenue rose 139.84% year-on-year to ₹278.79 Cr (from ₹116.25 Cr in Q3 FY25), while Operating EBITDA jumped 173.96% to ₹32.24 Cr and Profit After Tax grew 173.23% to ₹27.89 Cr. EBITDA margin expanded from 10.12% to 11.56% and PAT margin from 8.78% to 10.00%, indicating improving operating leverage. The company also launched Tokenization as a Service (TaaS) on the Solana blockchain, powered by its $IDLE token, generating $8.93M in on-chain volume across 10 tokenized asset pairs (Tesla, NVIDIA, Coinbase, Gold, S&P 500, etc.). Management targets scaling its user community from 5.2M to 100M in three years and plans to build global data centre and blockchain node infrastructure. The company cites a Rule of 40 score of 191.05% for 9M FY26, far above the SaaS benchmark of 40%.
Strong triple-digit growth in revenue, EBITDA, and PAT along with margin expansion signals robust business momentum and could support positive investor sentiment. The new tokenization vertical adds a high-growth optionality, though execution risks and the speculative nature of crypto-related business warrant caution.