Pine Labs Q1 FY27 revenue up 19% to Rs 737 crore
28 Jul 2026, 09:23 PMThe fintech firm recorded a net profit of Rs 19.57 crore in Q1 FY27, up more than fourfold from Rs 4.79 crore in the corresponding quarter last year.
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Pine Labs reported a 19.6% year-on-year increase in revenue from operations to Rs 736.92 crore in the quarter ended June 30, 2026, compared with Rs 615.91 crore in the corresponding quarter of the previous fiscal.
The fintech firm recorded a net profit of Rs 19.57 crore in Q1 FY27, up more than fourfold from Rs 4.79 crore in the corresponding quarter last year, according to its financial results filed with the stock exchanges.
The company’s total income grew 17.3% to Rs 765.87 crore in Q1 FY27 from Rs 653.08 crore a year earlier, aided by Rs 28.95 crore in other income.
The fintech firm’s total expenditure increased 10.7% to Rs 728.14 crore in Q1 FY27 from Rs 657.86 crore in the year-ago period.
Employee benefits remained the largest expense head at Rs 267.52 crore, although it declined 8.2% from Rs 291.32 crore in Q1 FY26.
On a quarter-on-quarter basis, Pine Labs’ operating revenue rose 5.2% from Rs 700.51 crore recorded in Q4 FY26.
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