Pine Labs posted a consolidated net profit of ₹59.4 Cr as against a loss of ₹28.9 Cr in the year-ago quarter
Operating revenue rose 14.7% YoY to ₹700.5 Cr. However, it dipped 5.9% sequentially from ₹744.3 Cr
During the quarter, its total expenses rose 7.8% YoY to ₹681.9 Cr
Fintech major Pine Labs turned profitable in the fourth quarter of FY26, posting a consolidated net profit of ₹59.4 Cr as against a loss of ₹28.9 Cr in the year-ago quarter. Sequentially, profit grew 40% from ₹42.4 Cr.
Operating revenue rose 14.7% YoY to ₹700.5 Cr. However, it dipped 5.9% sequentially from ₹744.3 Cr. The company’s digital infrastructure and transaction platform’s revenue grew 14% YoY to ₹466.1 Cr. The issuing and acquiring platform vertical registered a 25% YoY revenue growth to ₹234.4 Cr.
Adjusted EBITDA for the quarter zoomed 73% YoY to ₹146 Cr, while adjusted EBITDA margin stood at 21%.
Including other income of ₹40.9 Cr, the company’s total income for the quarter stood at ₹741.4 Cr. Meanwhile, total expenses rose 8% YoY to ₹681.9 Cr.
The company incurred an exceptional loss of ₹8.9 Cr during the quarter under review on account of one-time impact of new labour codes.
For the full FY26, Pine Labs reported a profit of ₹112.5 Cr as against a loss of ₹145.5 Cr in FY25. Top line spiked 19% to ₹2,710.6 Cr from ₹2,274.3 Cr in FY25. The company said that this was its first full-fiscal year of profitability since inception.
On the operational front, Pine Labs claims that it won multi-year landmark contracts from top 3 leading oil marketing companies (OMCs) in India involving deploying, managing, and maintaining the digital payments infrastructure at petrol pumps and merchant outlets across India, including fleet loyalty program form IOCL.
Besides, it also expanded its distribution business in Q4 via the rollout of Woohoo 2.0 and a wider gift card catalogue, while deepening prepaid integrations with D2C brands and expense management platforms.
Internationally, it added enterprise clients such as Darden Restaurants and Philippines Airlines, alongside scaling its Southeast Asia distribution. The company also launched SignalIQ, onboarded 34 new merchants, deployed “Fetch My Bills” on Meta and WhatsApp, and activated its Bharat Connect B2B payments stack with a leading private bank. The company now operates in 22 countries.
In its investor presentation, Pine Labs highlighted that the West Asia conflict has had a mild effect on its international business on two fronts. Its airline business across 20 global airlines saw lower volumes as travel patterns were disrupted. Additionally, some of its planned product rollouts in the UAE banking ecosystem were pushed out to next quarter.
However, the company believes that its structural trajectory remains very much on track.
“As we continue to launch new products, win merchants and partnerships across businesses, and deepen our presence across affordability, issuing, payments, and international markets, we remain confident in sustaining revenue growth in the 21-23.5% range over the next few years. The breadth of our platform and continued market wins across multiple growth vectors give us strong visibility into this trajectory,” it added.
Shares of Pine Labs ended today’s trading session 2.35% higher at ₹146.15 on the BSE.
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