Tech
Pine Labs turns profitable in June quarter of FY26; revenue up 18% YoY
[ad_1]
Online payments company Pine Labs has reported its first quarterly net profit in the first three months of FY26, driven by a steady rise in operating revenue.
According to financials shared in its red herring prospectus filed on Friday, the company posted a net profit of Rs 4.8 crore in the June quarter of FY26.
For FY25, Pine Labs reported operating revenue of Rs 2,274 crore, up 28.5% from Rs 1,769 crore in FY24. In the first quarter of FY26, revenue rose 17.8% year-on-year to Rs 615 crore.
While the Peak XV Partners-backed firm narrowed its losses…
[ad_2]
Source link
Continue Reading