India, July 28 -- Fintech major Pine Labs' Q1 FY27 net profit surged over 4X YoY to Rs.19.6 Cr from a net profit of Rs.4.8 Cr in the same quarter last year. Sequentially, the company's profit declined by 203% from Rs.59.4 Cr reported in Q4 FY26.

Meanwhile, operating revenue jumped 20% YoY to Rs.736.9 Cr in the quarter under review from Rs.615.9 Cr in Q1 FY26. On a QoQ basis, the company's top line rose 5% from Rs.700.5 Cr.

Including other income of Rs.29 Cr, Pine Labs total income for Q1 FY27 stood at Rs.765.9 Cr.

Meanwhile, its total expenses surged about 11% YoY to Rs.728.1 Cr in the June quarter.

(The story will be updated soon)

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