Pine Labs Q2 Profit Rises Over 6X to Rs 38.6 Crore
The fintech company's revenue from operations rose 24% to about Rs 806 crore in the September 2026 quarter.
Key Takeaways
- Pine Labs reported a Q2 FY27 net profit of Rs 38.6 crore, more than six times the year-earlier figure.
- Revenue from operations rose 24% to about Rs 806 crore.
- Adjusted EBITDA was about Rs 155 crore, up 27% from a year earlier.
- Net cash stood at Rs 2,345 crore on 30 September 2026.
Pine Labs reported a consolidated net profit of Rs 38.6 crore for the September 2026 quarter (Q2 FY27), more than six times the roughly Rs 6 crore it posted a year earlier. The fintech company announced the results on 29 October 2026.
Revenue from operations rose 24% to about Rs 806 crore, compared with about Rs 650 crore in Q2 FY26. Total income was about Rs 832 crore, also up 24% from about Rs 673 crore.
Pine Labs Q2 FY27 at a glance
| Detail | Pine Labs |
|---|---|
| Quarter | July to September 2026 (Q2 FY27) |
| Net profit (consolidated) | Rs 38.6 crore, against about Rs 6 crore in Q2 FY26 |
| Revenue from operations | About Rs 806 crore, up 24% from about Rs 650 crore |
| Total income | About Rs 832 crore, against about Rs 673 crore |
| Adjusted EBITDA | About Rs 155 crore, up 27% from about Rs 122 crore |
| Adjusted EBITDA margin | About 19% |
| Net cash balance | Rs 2,345 crore at 30 September 2026 |
How Pine Labs' two business segments performed in the quarter
Pine Labs reports its revenue in two segments. The Digital Infrastructure and Transaction Platform (DITP) brought in about Rs 532 crore, up from about Rs 440 crore a year earlier. The Issuing and Acquiring Platform (IAP) brought in about Rs 275 crore, up from about Rs 210 crore.
The two segments add up to the roughly Rs 806 crore of operating revenue. The company processed about 229 crore transactions in the quarter, with a total transaction value of about Rs 4.45 lakh crore.
What Pine Labs does
Pine Labs is a fintech company that sells point-of-sale machines, payment gateways, prepaid solutions and credit processing to merchants and enterprises.
The company reports its business through the two segments named above.
How Pine Labs' profit has moved over three quarters
| When | Milestone |
|---|---|
| Q2 FY26 (September 2025 quarter) | Net profit of about Rs 6 crore on operating revenue of about Rs 650 crore |
| Q1 FY27 (June 2026 quarter) | Net profit of about Rs 19.6 crore |
| Q2 FY27 (September 2026 quarter) | Net profit of Rs 38.6 crore on operating revenue of about Rs 806 crore |
Net profit in Q2 FY27 was about 97% higher than in the previous quarter, based on Rs 38.57 crore against Rs 19.57 crore.
Where Pine Labs stands after its September 2026 quarter
Pine Labs ended September 2026 with a net cash balance of Rs 2,345 crore. Its adjusted EBITDA for the quarter was about Rs 155 crore on revenue of about Rs 806 crore.
The company processed about 229 crore transactions in the quarter.
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