{
  "id": 17167741,
  "title": "Pine Labs Hits New High, Ace Blend Bags $9.9 Mn & More",
  "url": "https://urgent.news/2026/10/30/pine-labs-hits-new-high-ace-blend-bags-9-9-mn-more",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-30T02:30:22.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/pine-labs-hits-new-high-ace-blend-bags-9-9-mn-more/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Pine Labs Sees Profits Swell Pine Labs put up a strong show in Q2 FY27. Buoyed by broad-based improvement across…",
  "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."
}