Pine Labs Q1 Profit Surges 4X YoY to ₹19.6 Cr, Revenue Up 20%
Fintech firm Pine Labs reported its first quarter FY27 net profit surged over fourfold year-on-year to ₹19.6 crore. Operating revenue for the period increased by 20% compared to the same quarter last year.
Fintech company Pine Labs announced its net profit for the first quarter of fiscal year 2027 (Q1 FY27) grew more than four times year-over-year, reaching ₹19.6 crore (approximately $2.3 million USD). In the same quarter last year (Q1 FY26), the company posted a net profit of ₹4.8 crore. Sequentially, the company’s profit declined 203% compared to Q4 FY26.
The company's operating revenue increased by 20% year-over-year to ₹736.9 crore (approximately $88 million USD) in Q1 FY27, up from ₹615.9 crore in Q1 FY26. On a quarter-over-quarter basis, revenue saw a 5% increase from ₹700.5 crore.
Including ₹29 crore in other income, Pine Labs' total income for Q1 FY27 stood at ₹765.9 crore. Total expenses for the quarter rose approximately 11% year-over-year to ₹728.1 crore.
Pine Labs is an India-based fintech company providing payment solutions for merchants. The significant profit increase may reflect growing adoption of digital payment solutions in its operating markets.