IPO-Bound Pine Labs Turns Profitable In Q1 FY26 On Tax Credit

Pine Labs reported a net profit of INR 4.8 Cr in the June quarter as against a loss of INR 27.9 Cr in the same period last fiscal

Its revenue from operations surged almost 18% to INR 615.9 Cr in Q1 FY26

The company’s total expenses in the quarter ended in June increased 17% to INR 657.8 Cr

Fintech major Pine Labs turned profitable in the first quarter of the current fiscal year (Q1 FY26) ahead of its public listing this month. The company reported a net profit of…