Digital payments processor Pine Labs reported operating revenue of Rs 700 crore in the March quarter of fiscal 2026, up 17% from Rs 598 crore a year back, primarily driven by growth in its international business and expansion of its product suite beyond simple merchant payment processing..
The Noida-based fintech firm’s net profit for the final quarter of the last fiscal year turned around to Rs 59 crore, from a loss of around Rs 29 crore a year back.
Keeping a check on overall expenses, especially controlling its employee costs, one of the major cost items, Pine Labs’ total expenses for the March quarter stood at Rs 681 crore, up slightly from around Rs 632 crore a year back.
Overall the firm closed FY26 with operating revenue of Rs 2,710 crore and a net profit of Rs 112 crore, compared to a loss of Rs 145 crore a year back.
Pine Labs was listed in November 2025. Sharing details about its IPO proceeds, Pine Labs said that the company had raised Rs 2,080 crore in fresh capital, out of which around Rs 797 crore has already been used up with a major part going towards repaying borrowings.
The shares of Pine Labs are trading at Rs 146 at the close of May 25, up 2.35% in intra-day trading on the BSE.
In terms of its two major business segments which include its acquiring and issuing business and the payment processing business, Pine Labs said that the company processed Rs 234 crore in the former business and Rs 466 crore from the latter business in the fourth quarter.
In a release shared with the press, Pine Labs said that its gross transaction value stood at $195 billion with 20 million daily transactions being processed via UPI.
Pine Labs said that it has deployed over 2 million digital touch points at merchant locations, it works with 177 financial institutions and more than 450 brands. In terms of its international business, the revenue generated stood at Rs 400 crore, contributing 15% of its overall revenues currently compared to less than 9% three years back.
In a video message after declaring the results, Pine Labs chief executive officer Amrish Rau said that the company is bullish on the international growth opportunities, taking fintech out of India to other emerging economies and agentic commerce.
Rau said that he believed that agentic commerce will drive up transaction volumes and will also reduce the average ticket size per transaction.
The Noida-based fintech firm’s net profit for the final quarter of the last fiscal year turned around to Rs 59 crore, from a loss of around Rs 29 crore a year back.
Keeping a check on overall expenses, especially controlling its employee costs, one of the major cost items, Pine Labs’ total expenses for the March quarter stood at Rs 681 crore, up slightly from around Rs 632 crore a year back.
Overall the firm closed FY26 with operating revenue of Rs 2,710 crore and a net profit of Rs 112 crore, compared to a loss of Rs 145 crore a year back.
Pine Labs was listed in November 2025. Sharing details about its IPO proceeds, Pine Labs said that the company had raised Rs 2,080 crore in fresh capital, out of which around Rs 797 crore has already been used up with a major part going towards repaying borrowings.
The shares of Pine Labs are trading at Rs 146 at the close of May 25, up 2.35% in intra-day trading on the BSE.
In terms of its two major business segments which include its acquiring and issuing business and the payment processing business, Pine Labs said that the company processed Rs 234 crore in the former business and Rs 466 crore from the latter business in the fourth quarter.
In a release shared with the press, Pine Labs said that its gross transaction value stood at $195 billion with 20 million daily transactions being processed via UPI.
Pine Labs said that it has deployed over 2 million digital touch points at merchant locations, it works with 177 financial institutions and more than 450 brands. In terms of its international business, the revenue generated stood at Rs 400 crore, contributing 15% of its overall revenues currently compared to less than 9% three years back.
In a video message after declaring the results, Pine Labs chief executive officer Amrish Rau said that the company is bullish on the international growth opportunities, taking fintech out of India to other emerging economies and agentic commerce.
Rau said that he believed that agentic commerce will drive up transaction volumes and will also reduce the average ticket size per transaction.
