Pine Labs shares jump 7% as Q2 net profit soars 543% YoY to Rs 39 crore
60-Word AI Digest
Pine Labs shares rose sharply on Thursday after the fintech company reported a 543% year-on-year jump in Q2 FY27 net profit to Rs 38.6 crore. Revenue rose 24% to Rs 806.2 crore, while EBITDA increased 67.3%. Growth in payments, UPI transactions and international markets supported performance as the company expands into AI-led commerce.
Key Takeaways
- Pine Labs shares rose sharply on Thursday after the fintech company reported a 543% year-on-year jump in Q2 FY27 net profit to Rs 38.6 crore.
- Revenue rose 24% to Rs 806.2 crore, while EBITDA increased 67.3%.
- Growth in payments, UPI transactions and international markets supported performance as the company expands into AI-led commerce.
Pine Labs shares rose sharply on Thursday after the fintech company reported a 543% year-on-year jump in Q2 FY27 net profit to Rs 38.6 crore. Revenue rose 24% to Rs 806.2 crore, while EBITDA increased 67.3%. Growth in payments, UPI transactions and international markets supported performance as the company expands into AI-led commerce.
Original Publisher Attribution
This summary was curated from Economic Times.