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Pine Labs Swings to Profit with 18% Revenue Jump
3 Dec
Summary
- Pine Labs reported Rs 6 crore profit in Q2 FY26, reversing last year's loss.
- Revenue increased 18% year-on-year to Rs 649.9 crore in the September quarter.
- Adjusted EBITDA surged 62% to Rs 122 crore, with margins expanding to 19%.
Pine Labs has announced a robust financial performance for the second quarter of the fiscal year 2025-26, reporting a consolidated profit of Rs 5.97 crore. This marks a significant recovery from the Rs 32 crore loss recorded in the corresponding quarter of the previous fiscal year.
The fintech company's operational strength is further evidenced by an 18% year-on-year growth in consolidated revenue from operations, which reached Rs 649.9 crore during the September quarter. This increase reflects strong business momentum and market traction.
Contributing to this improved profitability, Pine Labs' adjusted EBITDA surged by 62% on a yearly basis to Rs 122 crore. The company also successfully expanded its adjusted EBITDA margins to 19% in Q2 FY26, a notable improvement from 14% in Q2 FY25, indicating enhanced operational efficiency.
