Pine Labs’ Q2 Snapshot, Meesho & Aequs’ IPO Day 1 & More

Pine Labs’ Q2 Profit Run

Fresh off its IPO, Pine Labs reported its second consecutive quarter of profitability in Q2. The upbeat results were driven by a strong top-line growth, improving margins, growing scale and cost discipline. 

Here is the breakdown of the Q2 FY26 numbers:

• Consolidated Net Profit: INR 6 Cr against a loss of INR 32 Cr in Q2 FY25
• Operating Revenue: INR 649.9 Cr, up 18% YoY
• Total Expenses: INR 661.7 Cr, up 8% YoY
• Adjusted EBITDA: INR 122 Cr, up 62% YoY

Higher-Margin Engines Kick In: While Pine Labs’ core payments…