Pine Labs sees 6.5x growth in net profit in Q2 FY27

Fintech company Pine Labs reported a 6.5x rise in net profit to Rs 38.6 crore in the second quarter of FY27, while revenue grew 24% year-on-year to Rs 806 crore. The fintech company's net profit stood at Rs 6 crore in the same quarter last fiscal, while revenue was Rs 650 crore. "Q2 was an all-round quarter - growth across acceptance and issuing, 15% of revenues from global markets, and 14% from products launched only in the last two years," said Amrish Rau, CEO, Pine Labs.