Pine Labs reports significant Q2 profit growth
Fintech firm Pine Labs recorded a 24% revenue increase and a six-fold rise in net profit during the second quarter of the fiscal year.
Pine Labs reported strong financial results for the second quarter of FY27, with net profit surging six-fold to ₹38.6 Cr. Operating revenue climbed 24% year-over-year to ₹806.2 Cr, while total expenses grew by 16% to ₹770.4 Cr, indicating improved operating leverage across the company's business segments.
Growth was primarily driven by higher gross transaction volume and the adoption of new products, including AI-led credit underwriting tools. These services currently process over 100,000 loans monthly, broadening the company’s revenue streams beyond traditional digital infrastructure.
International expansion remains a strategic priority, with overseas operations now accounting for 15% of the top line. Pine Labs is currently active in more than 22 markets, with Southeast Asia and the UAE identified as key regions of growth. This diversification is intended to mitigate risks associated with reliance on a single regulatory market.