SynopsisThe Noida-based fintech firm’s net profit for the final quarter of the last fiscal year stood at Rs 67 crore, up 81% from Rs 37 crore a year back.ETtechAmrish Rau, CEO, Pine LabsDigital payments processor Pine Labs reported operating revenues of Rs 515 crore in the March quarter of FY26, up 24% from Rs 415 crore a year back.The Noida-based fintech firm’s net profit for the final quarter of the last fiscal year stood at Rs 67 crore, up 81% from Rs 37 crore a year back.Pine Labs’ total expenses for the quarter stood at Rs 490 crore, up slightly from around Rs 430 crore a year back. The company has managed to slash its employee costs to Rs 171 crore in the March quarter from Rs 188 crore in Q3FY26. In the September quarter, the same costs stood at Rs 267 crore.The firm closed the full FY26 with operating revenues of Rs 1,926 crore and a net profit of Rs 149 crore, compared to Rs 8 crore in FY25.Pine Labs listed in November 2025 with a 9.5% bump over its IPO price. Sharing details about its IPO proceeds, Pine Labs said that the company had raised Rs 2,080 crore in fresh capital, of which around Rs 797 crore has already been used up, with a major part going towards repaying borrowings.The company’s shares were at Rs 146 at the close of May 25, up 2.35% intra-day on the BSE. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now