String Metaverse posts Rs 12.13 cr profit in H1/FY25

Update: 2024-11-14 06:48 IST

Hyderabad: City-based String Metaverse Ltdreported revenue of Rs 137.82 crore and a profit after tax (PAT) of Rs 12.13 crore for the first half of FY25. The earned profit amount includes a one-time expense of Rs 2.45 crore related to stamp duty and authorised capital fees for a merger. The company has more than 20lakh active users across gaming platforms and hascaptured 126 billion seconds of engagement in six months.

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Through its UAE subsidiary, String Metaverse, the company has secured strategic licenses, including an AI license, blockchain node license, digital asset trading license, and e-sports license in RAK DAO. Santosh Althuru, CEO, String Metaverse, said: “We are building an agent economy that will grow alongside the human economy, enabling commerce and monetization across multiple blockchains. 

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