Pine Labs has posted another strong quarter, recording its second consecutive profitable performance in Q3 with a net profit (PAT) of INR 42 crore. The fintech major’s latest financial results mark a significant milestone in its long-running journey toward sustainable profitability, coming at a time when many venture-backed startups continue to grapple with cost pressures and muted funding sentiment.
The company’s Q3 performance builds on the momentum achieved in the previous quarter and signals that its operational restructuring and sharper focus on high-margin businesses are beginning to pay off. Pine Labs’ management highlighted steady growth across its core merchant payments segment, al
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