Pine Labs Hits New High, Ace Blend Bags $9.9 Mn & More
Pine Labs saw its net profit grow six-fold to ₹38.6 Cr, with operating revenue rising 24% to ₹806.2 Cr. The company is leveraging AI-led credit underwriting and expects growth from potential UPI merchant discount rate changes.
Key points
- Net profit increased over 6X YoY to ₹38.6 Cr
- Operating revenue rose 24% to ₹806.2 Cr
- AI-led credit tools process over 1 lakh loans monthly
- International markets now contribute 15% of top line
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