India, July 1 -- As has been the case with most of the IPO-bound new-age tech companies, fintech major Pine Labs turned profitable in the first nine months of FY25 (9M FY25). The company reported a net profit of INR 26.1 Cr as against a loss of INR 151.6 Cr in the same period last fiscal.

The improvement in the bottom line came on the back of a surge in its top line. In 9M FY25, the company's operating revenue jumped 23% to INR 1,208.2 Cr from INR 982.1 Cr in the year-ago period. Including an other income of INR 65.7 Cr, Pine Labs' total income for the period surged 27% YoY to INR 1,273.8 Cr.

At the end of 2024, Pine Labs had 9.2 Lakh merchants, 666 consumer brands and 164 financial institutions using its products. In 9M FY25, the compa...