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Pine Labs Swings to Profit in Fiscal Q4

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Pine Labs (NSE:PINELABS, BOM:544606) swung to a profit in the fiscal fourth quarter ended March 31, with a consolidated profit of 593.6 million Indian rupees from a loss of 289.1 million rupees a year ago.

Earnings per share came in at 0.51 rupees compared with a loss per share of 0.28 rupees a year earlier, the digital payments company said in a filing to the Indian stock exchanges on Monday.

Revenue from operations in fiscal Q4 rose to 7.01 billion rupees from 5.99 billion rupees a year ago.

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