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Pine Labs reported a sharp jump in quarterly profitability, with net profit rising more than six times year-on-year to ₹38.6 crore in Q2 FY27 from ₹6 crore a year earlier. Revenue climbed 24% to support the improved earnings performance, underscoring stronger operating leverage in the fintech company’s business model.
Shares of leading Indian digital payments companies fell after reports suggested a delay in any move to reintroduce merchant discount rates on UPI transactions. The decline reflects investor concern that a prolonged zero-MDR regime could keep pressure on monetisation for payments firms already navigating thin margins and regulatory uncertainty.
Mysuru golfer Pranavi delivered a composed final-round par 70 to secure gold with a four-day total of 15-under 265, underlining the value of patience and disciplined execution under pressure. Speaking after the win, she said the result unfolded exactly according to her game plan, a statement that reflects both tactical clarity and growing confidence at the highest level.
In a curious and quietly compelling Irani Cup subplot, Lone Nasir made his mark while wearing a jersey that was not his own, turning an administrative oddity into a moment of sporting distinction. The episode underlined both the human texture of domestic cricket and the professionalism required to stay composed when circumstances are far from ideal.
Rajiv and Rohit delivered a commanding performance to win the Rally of Himalayas, underlining their pace and consistency across one of India’s most demanding motorsport events. In the two-wheeler category, Dhritimaan emerged victorious, adding another notable result to a competition defined by altitude, endurance, and technical precision.
Pine Labs has evolved from a point-of-sale hardware provider into a broad fintech platform spanning checkout, consumer finance, gift cards, issuing and banking infrastructure, with more than 11.5 lakh merchants across India, Southeast Asia and the Middle East by Q1 FY27. After years of heavy expansion and losses, the company posted its first full-year consolidated profit in FY26, though its latest quarterly results show the turnaround remains sensitive to business mix and continued investment.
Pine Labs, once a pioneer in point-of-sale technology, has evolved into a comprehensive AI-driven fintech platform. This transformation reflects broader trends in the Indian tech landscape, emphasizing innovation and adaptability.
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