New Delhi, Dec. 4 -- The global fintech platform Pine Labs reported a profit of Rs 6 crore in the second quarter of FY26, marking a strong turnaround from a loss of Rs 32 crore during the same quarter last year.

The company said its Profit After Tax swung by Rs 38 crore year-on-year, driven by lower depreciation and ESOP expenses, resulting in a significant uplift in profitability.

It stated "Profit After Tax swung by Rs 38 Cr YoY, moving from a loss of Rs 32 Cr in Q2FY25 to a profit of Rs 6 Cr in Q2 FY26, reflecting a significant uplift in profitability due to lower depreciation and ESOP expenses".

The company announced its financial results for the quarter ended September 30, 2025, highlighting steady growth and continued momentum ac...