Pine Labs Q1: Profit Surges 4X YoY To ₹20 Cr, Revenue Up 20%
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Fintech major Pine Labs’ Q1 FY27 net profit surged over 4X YoY to ₹19.6 Cr from a net profit of ₹4.8 Cr in the same quarter last year. Sequentially, the company’s profit declined by 203% from ₹59.4 Cr reported in Q4 FY26.
Meanwhile, operating revenue jumped 20% YoY to ₹736.9 Cr in the quarter under review from ₹615.9 Cr in Q1 FY26. On a QoQ basis, the company’s top line rose 5% from ₹700.5 Cr.
Including other income of ₹29 Cr, Pine Labs total income for Q1 FY27 stood at ₹765.9 Cr.
Meanwhile, its total expenses surged about 11% YoY to ₹728.1 Cr in the June quarter.
(The story will be updated soon)
The post Pine Labs Q1: Profit Surges 4X YoY To ₹20 Cr, Revenue Up 20% appeared first on Inc42 Media.
