Pine Labs has reported a strong performance for the second quarter of FY27, with revenue from operations increasing by 24% year-over-year to ₹806 crore. The company also saw significant growth in Adjusted EBITDA, up 27% to ₹155 crore. Profit after Tax surged by 6x to ₹39 crore. These results reflect broad-based momentum across its platforms, driven by merchant acquisition and deeper monetization.
Pine Labs Reports Robust Q2 FY27 Financials
Pine Labs has announced its financial results for the second quarter ended September 30, 2026, showcasing substantial growth across key metrics. The company’s Revenue from Operations reached ₹806 crore, marking a significant increase of 24% year-over-year. This growth is attributed to a broad-based momentum across its business platforms and strategic initiatives.
Key Financial Highlights
The company’s performance indicators for Q2 FY27 include:
- Revenue from Operations: ₹806 Cr (+24% YoY)
- Contribution Margin: ₹587 Cr (+18% YoY)
- Adjusted EBITDA: ₹155 Cr (+27% YoY, 19% Margin)
- Profit after Tax: ₹39 Cr (+6x YoY)
Platform Performance and Transaction Growth
Pine Labs processed a Platform Gross Transaction Value (GTV) of approximately ~$46.5 billion (₹445k crore) during the quarter. The Number of Transactions grew by 22% to 229 crore. Additionally, the company’s network of Digital Checkout Points (DCPs) expanded to 22.3 lakh, a 17% increase, with the total number of merchants reaching 11.6 lakh, up 13% year-over-year.
Revenue Growth Drivers
The company highlighted that revenue growth accelerated to a 5-quarter high of approximately 24% year-over-year, driving improvements in profitability and cash flow. Key growth engines include merchant acquisition, deeper monetization of the installed base, newer products and use cases, and international expansion. Specifically, its Digital Infrastructure and Transaction Platform (DITP) saw a 21% growth, while Issuing and Acquiring Platform (IAP) revenue grew by 31%.
Profitability and Cash Flow Improvements
Adjusted EBITDA saw a healthy increase of 27% year-over-year to ₹155 crore, with the margin stable at 19%. Profit after Tax experienced a substantial surge of 6x, reaching ₹39 crore. Operating Cash Flow also demonstrated significant improvement, doubling to ₹350 crore, reflecting better working capital management.
Strategic Outlook
Pine Labs is focused on capitalizing on opportunities in the evolving commerce and fintech landscape. Initiatives like expanding its digital payment infrastructure, enhancing affordability solutions, and deepening partnerships are expected to sustain growth momentum. The company also highlighted its readiness to leverage new regulatory frameworks, such as the MDR on UPI, to drive further monetization.
Source: BSE
