{
  "id": 17075920,
  "title": "Pine Labs sees 6.5x growth in net profit in Q2 FY27",
  "url": "https://urgent.news/2026/10/29/pine-labs-sees-6-5x-growth-in-net-profit-in-q2-fy27",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T12:14:25.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/10/pine-labs-sees-65x-growth-in-net-profit-in-q2-fy27"
  },
  "original_language": "en",
  "account": "Fintech firm Pine Labs announced a substantial 6.5 times increase in net profit to Rs 38.6 crore for the second quarter of fiscal year 2027. Revenue also rose 24% year-on-year to Rs 806 crore, compared to Rs 6 crore and Rs 650 crore respectively in the same period last fiscal year. CEO Amrish Rau highlighted growth across acceptance and issuing, with 15% of revenue coming from global markets and 14% from newly launched products. Processing over 25 million transactions daily, a 5% year-on-year increase from prior years, Pine Labs reported a 45% YoY growth in its online payments business and a 140% surge in gross transaction value, fueled by expansion into agentic commerce, cross-border payments, small and medium businesses, and government segments. International operations, spanning 22 markets, saw a 40% YoY increase in revenue from Southeast Asia, while the UAE business surpassed one lakh daily transactions. Pine Labs aims to reinvest efficiency gains into new products, geographies, and categories while preserving a robust EBITDA profile. The company is also stepping up brand investments to become the go-to commerce infrastructure for the global south. Rau expressed optimism about a widening opportunity landscape, citing new product launches, a commitment of 10 lakh soundboxes over the medium term, agentic commerce deployment on a leading Indian marketplace, and the opening of a UPI monetization window.",
  "summary": "In its international business, which spans more than 22 markets, revenue from Southeast Asia (SEA) grew by around 40% year-on-year, while its UAE business crossed one lakh daily transactions, the company said.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}