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Pine Labs Turns Profitable: Q3 Sees Profit Before Tax of Rs 74.81 Cr
28 Jan
Summary
- Pine Labs reported a profit before tax of Rs 74.81 crore in Q3 FY26.
- Revenue from operations increased by 23.71% to Rs 744.27 crore in Q3 FY26.
- International operations contributed 15% to the revenue mix in Q3 FY26.
Pine Labs announced a significant financial turnaround in Q3 FY26, reporting a profit before tax of Rs 74.81 crore, a marked improvement from a loss of Rs 14.64 crore in the same period last year. The fintech company's revenue from operations saw a substantial rise of 23.71%, reaching Rs 744.27 crore compared to Rs 601.64 crore in the prior year.
This return to profitability was supported by managing expense growth, which rose 13.21% to Rs 704.91 crore. Employee benefit expenses saw a modest increase of 4.72%, with AI now contributing to about 20% of new product codes. The company processed 193 crore transactions, a 23% increase, and grew its merchant base by 14% to 10.5 lakh.
International operations represented 15% of the revenue mix, with launches in Singapore. Subscription-linked revenues from in-store devices formed 27% of the total revenue. The company also added over 100 new marquee clients and observed a roughly 50% year-over-year growth in online payments revenue across various new categories.
