Pine Labs Turns Profitable Ahead of IPO
Fintech major Pine Labs reported a net profit of INR 4.8 Cr in Q1 FY26, compared to a loss of INR 27.9 Cr in the same period last fiscal.
Revenue from operations surged almost 18% to INR 615.9 Cr in Q1 FY26, while total expenses increased 17% to INR 657.8 Cr.
However, the company would have remained in the red if not for a tax credit of INR 9.6 Cr, as it posted a loss before tax of INR 4.8 Cr.
Pine Labs' profitability is notable ahead of its public listing this month.
Author's summary: Pine Labs turns profitable in Q1 FY26.
- Net profit: INR 4.8 Cr
- Revenue from operations: INR 615.9 Cr
- Total expenses: INR 657.8 Cr