India, July 29 -- Shares of fintech major Pine Labs slumped as much as 5.6% to touch an intra-day low of Rs.144.4 on the BSE today, a day after the company released its financial results for the first quarter of FY27.

Investor concerns about the fall in margins during the quarter under review led to the decline in the share prices.

The stock ended today's trading session 5.39% lower at Rs.144.75 on the BSE. The company's market capitalisation stood at Rs.16,700 Cr (around $1.74 Bn).

Yesterday, Pine Labs reported a 67% decline in its profit to Rs.19.6 Cr in Q1 FY27 from Rs.59.4 Cr in the preceding March quarter. On a yearly basis, profit rose over 4X from Rs.4.8 Cr.

Operating revenue rose 20% YoY and 5% QoQ to Rs.736.9 Cr. During the q...