Pine Labs reported a robust performance for Q2 FY27, with revenue growing 24% YoY to ₹806 crore. Profit After Tax (PAT) surged six-fold to ₹39 crore. The company also saw its operating cash flow double to ₹350 crore, supported by strong EBITDA margins of 19.2%. This growth reflects the platform’s expanding scale and evolving product offerings.
Pine Labs Reports Strong Q2 FY27 Performance
Pine Labs has announced its financial results for the second quarter of fiscal year 2027 (Q2 FY27), showcasing significant year-over-year growth. Revenue from operations increased by 24% to ₹806 crore, marking the fastest growth in five quarters. The company’s Profit After Tax (PAT) saw a substantial 6x increase, reaching ₹39 crore.
Key Financial Highlights
The company’s financial performance demonstrates sustained momentum. Adjusted EBITDA reached ₹155 crore, a 27% increase YoY with a margin of 19.2%. Operating Cash Flow doubled to ₹350 crore, and Contribution Margin grew by 18% YoY to ₹587 crore. Platform GTV (Gross Transaction Value) touched ~$46.5 billion across 229 crore transactions.
Growth Drivers and Strategy
Growth drivers include increased transaction volume across the platform, with ~25 million daily transactions, up 22% YoY. New products launched in the last two years now contribute 14% of revenue, while international markets account for 15% of revenues. The company is focusing on reinvesting efficiency gains into new products and regions while maintaining a strong EBITDA profile.
Segment Performance and Outlook
Pine Labs continues to expand its offerings across issuing, payments, and agentic commerce. The company has seen strong growth in its digital checkout points and merchant base. Strategic investments in AI, partnerships with OpenAI, and international expansion are expected to drive future product velocity and sustained profitable growth.
Balance Sheet Strength
As of September 30, 2026, the company reported a Net Cash balance of ₹2,345 crore, underscoring its financial stability.
Source: BSE
