String Metaverse stock hits 5% upper circuit after reporting PAT rise of 173% YoY in Q3

SYNOPSIS: String Metaverse posted strong Q3 FY26 growth with sharp revenue and profit expansion, driven by rising transaction volumes, tokenised asset trading, and scaling blockchain-based financial infrastructure platforms focused on real-time settlement.

During Thursday’s trading session, shares of a company involved in providing software development services hit a 5 percent upper circuit, after posting robust Q3 FY26 results marked by a sharp growth of around 29 percent QoQ and 173 percent YoY in net profit.

With a market cap of Rs. 1,581 crores, shares of String Metaverse Limited hit a 5 percent upper circuit at Rs. 135.8 on BSE, as against its previous closing price of Rs. 129.35. The stock has delivered multibagger returns of around 242 percent in the last one year, but has fallen by over 44 percent in the last one month.

Financial Performance for Q3 FY26

String Metaverse Limited announced the financial results for the third quarter of FY26 on Thursday during market hours, as per the latest regulatory filings with the stock exchanges.

For the quarter, the company posted a consolidated revenue from operations of Rs. 278.35 crores, reflecting a sequential growth of around 20 percent QoQ compared to Rs. 232.5 crores in Q2 FY26. Likewise, on a year-on-year basis, revenue grew nearly 141 percent from Rs. 115.7 crores recorded in Q3 FY25. Revenue growth is driven by scale across Web3 gaming, compute infrastructure, and digital advisory segments.

Net profit for Q3 FY26 stood at Rs. 27.88 crore, indicating a significant increase of around 29 percent QoQ from Rs. 21.63 crores in Q2 FY26, as well as on a year-on-year growth by over 173 percent from Rs. 10.2 crores reported in Q3 FY25.

The sharp rise in revenue and profitability was supported by higher transaction volumes and the continued expansion of the company’s digital asset and financial market infrastructure businesses. Management attributed that the performance was driven by rising activity across its blockchain-based infrastructure platforms and higher usage of its transaction, liquidity and settlement systems.

Operating performance improved significantly during the quarter, with EBITDA rising sharply to Rs. 32.24 crore from Rs. 11.77 crore in Q2 FY26, marking a substantial 174 percent QoQ increase. EBITDA margins also expanded to 11.56 percent from 10.12 percent, reflecting improved operating leverage and tighter cost control.

In addition, the company’s Board approved the proposal for an Offer for Sale (OFS) by the Promoter Group of the company to meet Minimum Public Shareholding (MPS) norms.

Rising Blockchain Activity & More

String Metaverse further stated that it is scaling up its Tokenisation as a Service (Taas) platform, positioning itself as a provider of financial market infrastructure as global markets increasingly move toward real-time settlement. The platform enables continuous trading, instant transaction finality, and programmable ownership, enabling markets to operate beyond traditional trading hours.

During the quarter, the company processed around $8.93 million in on-chain trading volume for tokenised US equities and exchange-traded funds (ETFs) on the Solana blockchain, executed via the Raydium decentralised exchange under its CoinX–IDLE framework. 

The trading activity provided tokenised exposure to leading US blue-chip stocks and ETFs, including Tesla, Nvidia, Alphabet, MicroStrategy, Coinbase, Circle, Robinhood, gold-linked products, as well as the benchmark indices such as the Nasdaq-100 and the S&P 500.  String Metaverse Limited is primarily engaged in services of software development related to the gaming industry.

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