Pine Labs, a Noida-based fintech company that provides merchant payments and commerce technology, said its net profit rose to 386 million rupees (US$4.05 million) in the second quarter of fiscal year 2027 from 60 million rupees (US$630,000) a year earlier.

Revenue rose to 8.1 billion rupees (US$84.6 million) from 6.5 billion rupees (US$68.3 million).

The company said its online payments business grew more than 45% year on year.

Daily transactions across its businesses exceeded 25 million.

Pine Labs said revenue from Southeast Asia rose about 40% year on year.

It added that its international business operates in more than 22 markets.

The company said AI agents accounted for about 89% of code changes.

It plans to reinvest those gains into new products and geographies.

Pine Labs listed in India in 2025, raising about US$440 million in its initial public offering.

It also secured three payment licenses from the Reserve Bank of India.

🔗 Source: YourStory

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