Payment solutions company Pine Labs swung back to black in the September-ended quarter, reporting a consolidated net profit of Rs 6 crore versus a loss of Rs 32 crore in the year-ago period.

The company’s revenue from operations in Q2FY26 stood at Rs 650 crore, up 18% over Rs 552 crore reported in the corresponding quarter of the last financial year.

This was Pine Lab’s first earnings since its listing on the exchanges in November this year.

The profit after tax (PAT) rose 25% on a sequential basis compared to Rs 5 crore in Q1FY26 while the topline increase nearly 6% on the quarter-on-quarter basis versus Rs 616 crore in the April-June quarter of FY26.

More to come…