Economic Times
 
Operating revenue rose 23% to Rs 744 crore from Rs 601 crore a year earlier, driven by higher digital transaction volumes, value-added services linked to card payments, and affordability products. Growth in overseas markets also helped diversify revenue streams.
 
Digital payments firm Pine Labs reported a net profit of Rs 42 crore in the December quarter of the current financial year, reversing a loss of Rs 58 crore in the year-ago period.
 
Operating revenue rose 23% to Rs 744 crore from Rs 601 crore a year earlier, driven by higher digital transaction volumes, value-added services linked to card payments, and affordability products. Growth in overseas markets also helped diversify revenue streams.
 
Expenses grew at a slower pace of 13% to Rs 704 crore, compared with Rs 622 crore last year. Employee costs rose marginally by 4.7% to Rs 263 crore from Rs 251 crore, reflecting limited additions to the workforce.
 
In a stock exchange filing, the company said its headcount increased to 4,679 from 4,324 a year ago.
 
The Peak XV Partners-backed firm processed gross transaction value of $51 billion during the quarter, with total transactions touching 1.92 billion.
 
Pine Labs said its net profit would have been higher at Rs 52 crore but for an exceptional charge linked to the implementation of new labour codes introduced in November 2025.
 
The company operates across Singapore, Thailand, Malaysia, Africa, and the US. Its international business generated Rs 302 crore in revenue in the first nine months of FY26.
 
The fintech major listed in November at a 9.5% premium over its IPO price at Rs 242.