AIInc42about 2 hours ago
Pine Labs Posts First Profit, Margins Slip
12 min read
Pine Labs reported its first full-year consolidated profit of ₹112.5 Cr in FY26, reversing a ₹145.5 Cr loss, as operating revenue rose 19% to ₹2,710.6 Cr. But Q1 FY27 adjusted EBITDA margin narrowed to 17.1% from 19.6%, showing the fintech's shift from payment terminals to an AI-powered stack remains a work in progress.
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