Pine Labs Q2 revenue up 18% to Rs 650 crore, swings to profit
04 Dec 2025, 11:28 AMThe fintech company clocked a net profit of Rs 6 crore in the quarter ended September as compared to a net loss of Rs 32 crore in the same quarter in FY25.
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Pine Labs reported an 18% jump in revenue from operations to Rs 650 crore in the second quarter (July-September) of the ongoing fiscal year ending on March 31, 2026 from Rs 551 crore in the same quarter of the previous financial year.
The fintech company clocked a net profit of Rs 6 crore in the quarter ended September FY26 as compared to a net loss of Rs 32 crore in the same quarter in FY25, filings with the stock exchanges show.
The company had reported a net profit of Rs 4.79 crore in the April-June quarter of this fiscal as well, ahead of its initial public offering (IPO).
Total expenses of Pine Labs grew to Rs 662 crore during the quarter as compared to Rs 613 crore in Q2 FY25.
Employee cost grew to Rs 268 crore in Q2 FY26 from Rs 258 crore in the previous financial year.
The company made its stock market debut last month, listing at a 9.5% premium over its issue price of Rs 221 per share, giving it a market capitalization of approximately Rs 28,360 crore.
Pine Labs recently secured three key licenses from the RBI for payment aggregation, payment gateway operations, and cross-border payments.
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