India's Pine Labs rises on reporting profit for second consecutive quarter

Pine Labs

04/12/2025 04:48

** Pine Labs PINL.NS rises as much as 2.62% to 254.06 rupees; last up 0.7%

** Fintech platform reports Q2 profit after tax of 60 mln rupees ($663,937.15) vs year-ago loss of 320 mln rupees

** PAT turned positive in Q1

** Revenue from operations rises 18% y/y as number of transactions jump 44% y/y

** Co says deliberate shift away from hardware-included deals to asset-lite software deals, where it earns software and platform revenues and hardware costs covered by consumers, lifted growth

** Emkay says capex-light software deals are margin-accretive but have lower absolute revenue per deployment

** Adds digital infrastructure and transaction processing (DITP) segment's revenue was dragged by the shift

** PINL up 2.92% since debut on November 14

($1 = 90.3700 Indian rupees)

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))