India's Pine Labs rises after company swings to quarterly profit on digital payment boost

Pine Labs

26/05/2026 04:56

** Shares of fintech firm Pine Labs PINL.NS rise 1.3% to 148 rupees

** Company posts quarterly profit on digital payment boost, a turnaround from a loss last year

** Analysts expect PINL to report a 21% increase in FY27 revenue, while earnings per share are projected to more than double, according to data compiled by LSEG

** Pine Labs trades at forward 12-month PE of 55.46 vs industry median of 19.10

** Four of six brokerages rate the stock "buy" or higher; their median PT is 250 rupees

** Analysts at Jefferies say company's acquisition of Shopflo to strengthen check-out, customer analytics and order management offerings in the online D2C segment

** YTD, stock down 38.9% vs 3.9% decline in Nifty 500 Index .NIFTY500

 (Reporting by Abhinav Parmar in Bengaluru)

 ((Abhinav.Parmar@thomsonreuters.com;))