Wednesday, 25 March, 2026
Pine Labs Achieves First Quarterly Profit, Boosted by 18% Revenue Jump
By Isha
Payments firm Pine Labs has recorded its first-ever quarterly net profit, posting ₹4.8 crore in the June quarter of Fiscal Year 2026. This financial turnaround was driven by an 18% year-on-year increase in operating revenue, reaching ₹615 crore. The company, backed by Peak XV Partners, is nearing its public market debut, highlighting a shift towards profitability in the fintech sector.
Read full story at Economic Times