Saraswati Commercial (India) Ltd , a company listed on the Bombay Stock Exchange (BSE: 512020), has reported a decline in both profit and revenue for the second quarter. The company, which operates in the financial services sector, saw its consolidated net profit and revenue decrease compared to the same period last year.

Financial Performance

The company's consolidated net profit for the quarter stood at ₹603.00 crore, down from ₹633.00 crore in the corresponding quarter of the previous year, marking a decrease of 4.74%. Similarly, the revenue for the quarter declined to ₹733.00 crore from ₹783.00 crore year-over-year, representing a 6.39% decrease.

Corporate Disclosure

In compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Saraswati Commercial (India) Ltd held a board meeting on November 12, 2025, to approve the un-audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The meeting, which commenced at 4:00 p.m. and concluded at 4:45 p.m., also included a review of the Limited Review Report from the company's statutory auditors.

Transparency and Compliance

The company has stated that the detailed financial results will be published in newspapers and made available on the BSE website ( www.bseindia.com ) as well as on the company's official website ( www.saraswaticommercial.com ). This move aligns with the company's commitment to transparency and adherence to regulatory requirements.

Investors and stakeholders are advised to review the complete financial statements for a comprehensive understanding of the company's performance and financial position.

Saraswati Commercial (India) Limited has made a significant move in the initial public offering (IPO) of Pine Labs Limited, a leading merchant commerce platform. The non-banking financial company (NBFC) has invested ₹15,00,09,717 as an anchor investor in Pine Labs' IPO, marking a notable development in the Indian fintech landscape.

Investment Details

Pine Labs IPO Overview

Pine Labs, known for its point-of-sale solutions, payment processing, and merchant financing services, has launched an IPO with a substantial issue size of ₹3,899.91 crore. This move by the merchant commerce platform signifies its intent to expand and strengthen its position in the competitive fintech market.

Financial Snapshot of Pine Labs

Significance of the Investment

Saraswati Commercial's investment in Pine Labs' IPO is noteworthy as it exceeds 2% of the NBFC's net worth threshold, as per regulatory requirements. This substantial investment underscores the potential that institutional investors see in Pine Labs' business model and future prospects.

Market Implications

The participation of Saraswati Commercial as an anchor investor could be seen as a vote of confidence in Pine Labs' business model and growth potential. Anchor investments often set the tone for IPOs and can influence retail investor sentiment.

For Saraswati Commercial, this investment represents a strategic move to gain exposure to the rapidly growing fintech sector in India. As the digital payments and merchant services landscape continues to evolve, such investments could potentially yield significant returns if Pine Labs manages to capitalize on its market position and expand its services.

Investors and market watchers will likely keep a close eye on how this IPO unfolds and its potential impact on both Saraswati Commercial and the broader fintech ecosystem in India.