Pine Labs Hits New High, Ace Blend Bags $9.9 Mn & More
Pine Labs Sees Profits Swell Pine Labs put up a strong show in Q2 FY27. Buoyed by broad-based improvement across…
Pine Labs reported strong growth in Q2 FY27, with net profit increasing six-fold to ₹38.6 Cr and operating revenue rising 24% YoY to ₹806.2 Cr. The fintech company attributes its success to a broad-based improvement across its core verticals, rising margins, and a growing merchant ecosystem. Additionally, Pine Labs plans to re-introduce the merchant discount rate on UPI transactions above ₹2,000, which could lead to a meaningful upside.
The company now operates across more than 22 markets, with international markets contributing 15% of its top line in Q2.
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