Pine Labs Reports 24% Revenue Growth in Q4 FY26 with Significant Profit Increase
Pine Labs Q4 revenues up 24% to Rs 515 crore, net profit at Rs 67 crore
Image: The Economic Times
Pine Labs, a digital payments processor based in Noida, reported a 24% increase in operating revenues to ₹515 crore for Q4 FY26, with net profit rising 81% to ₹67 crore. The company's total expenses for the quarter were ₹490 crore, and it closed the fiscal year with revenues of ₹1,926 crore and a net profit of ₹149 crore.
- 01Pine Labs' operating revenues for Q4 FY26 reached ₹515 crore, up from ₹415 crore in the same quarter last year.
- 02The company's net profit for the quarter increased to ₹67 crore, a significant rise from ₹37 crore in Q4 FY25.
- 03Total expenses for the quarter were ₹490 crore, an increase from approximately ₹430 crore a year earlier.
- 04Employee costs were reduced to ₹171 crore in Q4 FY26 from ₹188 crore in Q3 FY26, and down from ₹267 crore in the previous September quarter.
- 05For the full fiscal year FY26, Pine Labs reported operating revenues of ₹1,926 crore and a net profit of ₹149 crore, compared to just ₹8 crore in FY25.
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Pine Labs, a digital payments processor based in Noida, reported strong financial results for the March quarter of FY26, with operating revenues reaching ₹515 crore, reflecting a 24% increase from ₹415 crore in the same quarter last year. The company's net profit surged by 81% to ₹67 crore, compared to ₹37 crore in Q4 FY25. Total expenses for the quarter amounted to ₹490 crore, up slightly from around ₹430 crore a year prior. Notably, Pine Labs successfully reduced its employee costs to ₹171 crore in Q4 FY26 from ₹188 crore in Q3 FY26, and down from ₹267 crore in the previous September quarter. Over the entire fiscal year FY26, Pine Labs reported operating revenues of ₹1,926 crore and a net profit of ₹149 crore, a substantial increase from only ₹8 crore in FY25. The company, which listed in November 2025 with a 9.5% gain over its IPO price, raised ₹2,080 crore in fresh capital, with approximately ₹797 crore already utilized, primarily for debt repayment. As of May 25, shares of Pine Labs closed at ₹146, marking a 2.35% increase intra-day on the BSE.
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Pine Labs' financial growth indicates a robust digital payment sector, which may lead to increased employment opportunities and technological advancements in the fintech industry.
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