Pine Labs shares gained as much as 4.5% to their day’s high of Rs 152.80 on the BSE on Tuesday after it reported a consolidated net profit of Rs 59 crore for the quarter ended March, compared with a net loss of Rs 29 crore in the same period last year, marking a turnaround in profitability.
Revenue from operations during Q4FY26 rose 17% year-on-year to Rs 701 crore from Rs 599 crore reported in the corresponding quarter of the previous financial year. On a sequential basis, profit after tax increased 40% from Rs 42 crore posted in Q3FY26, even as revenue declined nearly 6% from Rs 744 crore recorded in the October-December quarter.
