Looks like Pine Labs is a bit like APT, all revenue & no profit, which is giving folks the sh*ts, just going by APT sp.
"[What The Financials] Despite 43% Revenue Growth Pine Labs Continues Loss-Making Run In FY20
10 Feb'21 4 min readPine Labs saw its revenue grow 43%, from INR 491.29 Cr in FY19 to INR 701.62 Cr in FY20
The company’s net loss increased by 1,654%, from INR 3.29 Cr in FY19 to INR 57.72 Cr in FY20
Pine Labs was the first Indian company to enter the unicorn club in 2020 when it raised funds from payments giant Mastercard in January 2020
$1 Club, page-19373
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