Tech
Pine Labs posts Rs 42 crore profit in December quarter; revenue rises…
Digital payments firm Pine Labs reported a net profit of Rs 42 crore in the December quarter of the current financial year, reversing a loss of Rs 58 crore in the year-ago period. Operating revenue rose 23% to Rs 744 crore from Rs 601 crore a year earlier, driven by higher digital transaction volumes, value-added […]
Digital payments firm Pine Labs reported a net profit of Rs 42 crore in the December quarter of the current financial year, reversing a loss of Rs 58 crore in the year-ago period.
Operating revenue rose 23% to Rs 744 crore from Rs 601 crore a year earlier, driven by higher digital transaction volumes, value-added services linked to card payments, and affordability products. Growth in overseas markets also helped diversify revenue streams.
Expenses grew at a slower pace of 13% to Rs 704 crore, compared with Rs 622 crore last year. Employee costs rose…
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