India, Nov. 1 -- Fintech major Pine Labs turned profitable in the first quarter of the current fiscal year (Q1 FY26) ahead of its public listing this month. The company reported a net profit of INR 4.8 Cr in the June quarter as against a loss of INR 27.9 Cr in Q1 FY25.

However, it is pertinent to note that the company would have remained in the red during the period under review if not for a tax credit of INR 9.6 Cr. Pine Labs posted a loss before tax of INR 4.8 Cr during the quarter under review.

Meanwhile, the company's revenue from operations zoomed almost 18% to INR 615.9 Cr in Q1 FY26 from INR 522.4 Cr in the year-ago period. Including other income of INR 37.1 Cr, total income stood at INR 653.1 Cr during the quarter under review....