Pine Labs swings to profit in Q3; labour code hit at ₹23 crore

For the third quarter, Pine Labs reported a net profit of ₹42.4 crore, reversing a loss of ₹56.7 crore recorded in the corresponding quarter last year. The fintech firm also disclosed a one-time impact of ₹23 crore due to the implementation of the new labour code during the quarter.

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