Indian Fintech Firm Pine Labs Reports Massive Profit Growth Amid Digital Boom
Pine Labs announced a greater than sixfold increase in second-quarter profit, driven by the expanding adoption of digital payment services across India. Consolidated profit for the period ending in September reached 385.7 million rupees, compared to 59.7 million rupees during the previous year. Additionally, revenue from operations grew by 24 percent to hit 8.06 billion rupees, while the firm's shares experienced an increase of nearly 6 percent following the financial announcement.
Originally published by CNA | 29 October 2026 | Read original: https://www.channelnewsasia.com/business/pine-labs-profit-jumps-over-sixfold-indias-digital-payments-boom-lifts-demand-6502856
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