Pine Labs Limited (PINELABS)
Rumour Verification - Regulation 30(11)
Pine Labs clarifies that media reports on gift card breakage income are speculative and incorrect. The company operates co-branded programs where breakage income belongs to partner brands, not Pine Labs. Breakage income has never been part of Pine Labs' revenue or profit. The company does not expect any impact on business or profitability from potential RBI guidance on breakage income.
Source: Original filing PDF
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🚨 PINELABS — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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