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Pine Labs Reports 92% Surge in GTV, Margins Improve on Lower ESOP Costs
Pine Labs reports a 92% GTV surge to $48.
Pine Labs Ltd. saw a significant 92% year on-year rise in its platform GTV, reaching $48.2 billion (around ₹424 thousand crore) as of December 4. Despite only modest gains in profitability, the company reported strong operational momentum, with a 44% increase in transactions. Adjusted EBITDA grew slightly to ₹122 crore, and net profit improved to ₹6 crore from ₹5 crore sequentially.