Hyderabad, 16 August 2024 – String Metaverse Limited, a leading Web 3.0 enterprise, today announced its financial results for the first quarter of FY 2025, reporting a consolidated revenue of ₹50.02 crores and a profit after tax (PAT) of ₹5.38 crores.
Following its merger with Bio Green Papers Limited, approved by the National Company Law Tribunal (NCLT), String Metaverse has strengthened its position, achieving a consolidated revenue of ₹151.21 crores and a PAT of ₹10.82 crores for FY 2024.
Backed by Spacenet Enterprises LTD, String Metaverse is poised to become the first Web 3.0 enterprise to list on the BSE main board. With global offices in Gift City, Hyderabad, UAE, and HongKong, the company is well-positioned for growth.
“We are thrilled with our Q1 results, which demonstrate the successful integration and growth potential of our combined entity,” said Krishna Mohan Meenavalli, Founder of String Metaverse Ltd. “As we navigate the Attention Economy, where individuals are rewarded for their online engagement, we are confident of achieving a CAGR of 100% growth for the next 3 years.”
String Metaverse is at the forefront of the Web 3.0 revolution, enabling decentralized communities and empowering users to share, create, and transact online. With the global market cap of disruptive technologies expected to grow from $19 trillion to $220 trillion by 2030, the company is well-positioned for exponential growth.
About String Metaverse Limited
String Metaverse Limited is a leading Web 3.0 enterprise, empowering decentralized communities and enabling users to share, create, and transact online. With global offices and a strong financial foundation, the company is poised for exponential growth in the Attention Economy
