Pine Labs shares rose more than 7 percent in intraday trade on Thursday after the fintech company reported an 84 percent increase in net profit to Rs 38.6 crore in the September quarter of the current fiscal.
The stock touched a high of Rs 174.80 on the NSE, gaining 7.5 percent. It later pared some gains following profit booking and was trading at Rs 166.20, up 3.32 percent, at around 2 p.m.
Pine Labs reported a net profit of Rs 38.6 crore in the second quarter of FY27, compared with Rs 6 crore in the corresponding quarter of the previous fiscal.
Consolidated revenue rose 24 percent to Rs 806.2 crore in the quarter ended September, from Rs 650 crore in the year-ago period. The company recorded its fastest revenue growth in five quarters.
Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 67.3 percent to Rs 126 crore from Rs 75.3 crore a year earlier. The EBITDA margin improved to 15.6 percent from 11.6 percent.