India, Oct. 30 -- Pine Labs Sees Profits Swell

Pine Labs put up a strong show in Q2 FY27. Buoyed by broad-based improvement across its core verticals and rising margins, the fintech major's revenue growth hit a five-quarter high during the quarter while its net profit skyrocketed six-fold.

Here's the breakdown of Pine Labs' Q2 numbers:

Net profit surged over 6X YoY to Rs.38.6 Cr

Operating revenue rose 24% YoY to Rs.806.2 Cr

Total expenses rose 16% YoY to Rs.770.4 Cr

Adjusted EBITDA rose 27% YoY to Rs.215.5 Cr

Double Growth Engine: The startup's Q2 performance reflected higher GTV, new products, an expanding merchant ecosystem and double-digit growth across its core digital infrastructure and issuing platform verticals. In addition,...