Pine Labs’ Q2 Profit Run
Fresh off its IPO, Pine Labs reported its second consecutive quarter of profitability in Q2. The upbeat results were driven by a strong top-line growth, improving margins, growing scale and cost discipline.
Here is the breakdown of the Q2 FY26 numbers:
- Consolidated Net Profit: INR 6 Cr against a loss of INR 32 Cr in Q2 FY25
- Operating Revenue: INR 649.9 Cr, up 18% YoY
- Total Expenses: INR 661.7 Cr, up 8% YoY
- Adjusted EBITDA: INR 122 Cr, up 62% YoY
Higher-Margin Engines Kick In: While Pine Labs’ core payments…

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