Pine Labs Ltd. achieved a significant milestone by reporting a profit after tax (PAT) of ₹59 crore in the fourth quarter, marking a complete turnaround from a loss of ₹29 crore in the same period last year. According to reports from CNBC TV18, the company also showed sequential improvement with PAT increasing from the previous quarter's ₹42 crore. This profitability achievement comes after the company had been operating at a loss in the previous fiscal year. The Noida-based fintech firm's full-year FY26 performance showed even stronger results with net profit of ₹112 crore compared to a loss of ₹145 crore in the previous year, demonstrating sustained operational improvements. As reported by multiple sources, the company's shares are trading at ₹146 at the close of May 25, up 2.35% in intra-day trading on the BSE following the earnings announcement.
The company's revenue from operations increased 17% to ₹701 crore in the fourth quarter compared to ₹599 crore in the year-ago period, though it was lower than the previous quarter's ₹744 crore. As reported by CNBC TV18, Pine Labs' adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) surged 73% to ₹146 crore from ₹84 crore in the fourth quarter of the previous fiscal. The EBITDA margin expanded to 21% from 14% in the year-ago period, though it contracted from the previous quarter's 23%. The company's full-year FY26 revenue reached ₹2,710 crore, reflecting consistent growth momentum across the fiscal year. In terms of business segment performance, Pine Labs processed ₹234 crore in acquiring and issuing business and ₹466 crore from payment processing business in the fourth quarter. The company's gross transaction value stood at $195 billion with 20 million daily transactions being processed via UPI.
Pine Labs demonstrated effective cost management by keeping total expenses at ₹681 crore in the March quarter, up slightly from ₹632 crore a year ago, with particular focus on controlling employee costs. The company's online payments witnessed 56% growth during the quarter, indicating strong business momentum. Pine Labs was listed in November 2025 and has been strategically utilizing its IPO proceeds, having raised ₹2,080 crore in fresh capital with approximately ₹797 crore already deployed, with a major portion going towards repaying borrowings. The company has deployed over 2 million digital touch points at merchant locations and works with 177 financial institutions and more than 450 brands. The international business contributed 15% of its total revenue, highlighting its diversified geographic presence and growth strategy, with revenue from international operations standing at ₹400 crore.
Looking ahead, Pine Labs management has provided optimistic guidance for 21% to 23.5% revenue growth in the financial year 2027. In a video message after declaring the results, Pine Labs CEO Amrish Rau expressed bullishness on international growth opportunities, taking fintech out of India to other emerging economies and agentic commerce. Rau believes that agentic commerce will drive up transaction volumes and reduce the average ticket size per transaction. The company's strong Q4 performance and full-year turnaround demonstrate successful execution of its growth strategy and cost management initiatives, with the international business contributing 15% of overall revenues compared to less than 9% three years back.
