Pine Labs Reports Over 6X Profit Jump In Q2, Revenue Grows 24%

Inc42 · startup

Pine Labs announced a significant increase in its September quarter financial performance, with net profit soaring over six times year-on-year to ₹38.6 crore. This marks a substantial improvement from ₹6 crore in the same period last year. The company also saw its operating revenue climb by 24% year-on-year, reaching ₹806.2 crore. Total income, including other income, stood at ₹831.7 crore, reflecting strong growth. Total expenses increased by 16% to ₹770.4 crore.