Pine Labs Q2 profit jumps over 6X to ₹38.6 Cr
Pine Labs, an Indian payments firm, reported that its profit for the July to September quarter rose more than six times from a year earlier, reaching ₹38.6 crore from ₹6 crore. Revenue rose 24 percent. These are the company's quarterly results, so they show how the business performed over three months.
Quick glossaryPine Labs, Q2, YoY
- Pine Labs
- An Indian payments company that makes card machines and payment devices used by shops and businesses to accept money.
- Q2
- The second three-month period of a company's financial year, which here covers July to September.
- YoY
- Year-on-year: comparing this period's figures with the same period one year earlier, to see how much things grew or fell.
Burning Potato score: 63%