Pine Labs turns profitable in June quarter of FY26; revenue up 18% YoY

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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…



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Pine Labs turns profitable in June quarter of FY26; revenue up 18% YoY



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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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