Pine Labs shares in focus as fintech posts first quarterly profit since listing
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Shares of payment solutions company Pine Labs are likely to be in focus on Thursday after the recently listed fintech swung back to profit in the quarter ended September and reported its strongest operating performance yet. Pine Labs posted a consolidated net profit of Rs 6 crore for Q2FY26, reversing a loss of Rs 32 crore in the year-ago period and marking its first earnings release since debuting on the exchanges in November. The company also delivered a 25% sequential rise in profit after tax compared with Rs 5 crore in Q1FY26. Revenue from operations climbed 18% year-on-year to Rs 650 crore from Rs 552 crore in the same quarter last year. On a sequential basis, topline improved nearly 6% from Rs 616 crore in the April–June quarter. Adjusted EBITDA surged 62% year-on-year to Rs 122 crore, with margins widening from 14% to 19%. The company said the improvement reflects strong operating leverage, further evidenced by contribution margin ...