The Indian unit of merchant commerce and payments platform Pine Labs has filed its Red Hearing Prospectus which shows the company turning profitable in the first half of the ongoing fiscal year FY26. The firm’s revenue crossed Rs 650 crore mark in the same time period.
Pine Labs’s operating revenue increased 18% to Rs 616 crore in Q1 FY26 from Rs 522 crore in Q1 FY25, its financial statements sourced from the Red Hearing Prospectus (RHP) shows.
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As for the revenue channels of Pine Labs, income from transaction processing and settlement (sale of…








