Pine Labs reported a strong turnaround in the quarter ended March 2026, posting a 17% year-on-year rise in revenue and moving into profit, according to its financial results announced on Monday. Revenue from operations rose to Rs 700.5 crore in Q4 FY26 from Rs 598.6 crore in the same quarter of the previous year, based on the company’s filing with the NSE. While operating revenue declined 6% sequentially, Pine Labs’ total income for the quarter reached Rs 741.4 crore, supported by Rs 40.9 crore in other income.
For the full financial year ended March 2026, Pine Labs reported revenue of Rs 2,710.6 crore, up 19% from Rs 2,274.3 crore in FY25. The company also delivered full-year profitability, with profit after tax rising to Rs 112.5 crore, marking a significant improvement in its financial performance.
In the March quarter, Pine Labs’ expenses rose 8% year-on-year to Rs 681.9 crore. Employee benefit expenses remained the largest cost component, accounting for more than 36% of total expenditure, at Rs 246.5 crore. This was largely unchanged from the year-ago quarter. Material costs increased 18% to Rs 104.3 crore from Rs 88.55 crore in Q4 FY25, while transaction-related expenses climbed 27% to Rs 82.8 crore. Finance costs and depreciation also contributed to the higher overall expense base.
The company’s quarterly net profit stood at Rs 59.4 crore, compared with a net loss of Rs 28.9 crore in the same quarter last year, reflecting improved operating leverage and tighter cost control. The results show that Pine Labs has managed to combine growth with profitability over both the quarter and the full year.
The earnings update comes shortly after Pine Labs expanded through acquisition, buying a 100% stake in Shopflo Technologies, a direct-to-consumer checkout platform, in a deal valued at up to Rs 88 crore. The move is expected to strengthen Pine Labs’ presence across digital commerce and payments infrastructure.
At the close of trading on Monday, Pine Labs shares ended at Rs 146.67, giving the company a market capitalization of Rs 16,842 crore, or about $1.77 billion. The stock market valuation reflects investor interest in the company’s improved financial trajectory and expanding business footprint.
Pine Labs’ latest results underscore a broader shift in the fintech company’s operations, with revenue growth, profitability, and strategic acquisition all pointing to a more mature phase of business expansion.
