Pine Labs reports Rs 59 Cr net profit in Q4

Fintech company Pine Labs reported its highest-ever quarterly profit in Q4 FY26, reversing losses from the same period last year. The fintech firm posted a net profit of Rs 59.36 crore for the quarter, compared with a loss of Rs 28.91 crore a year earlier, while revenue rose 17% year-on-year to Rs 700.51 crore.

For the full FY26 fiscal year, Pine Labs reported a net profit of Rs 112.51 crore, compared with a net loss of Rs 145.49 crore in FY25. Annual revenue increased 19% to Rs 2,710.59 crore.

"These numbers tell us we are winning transactions, winning merchants, and winning in new markets," said Amrish Rau, Chief Executive Officer, Pine Labs. "When GTV grows at 50% while revenue grows at 19%, it reflects the platform depth we have built — and it leaves significant monetisation headroom ahead of us."

Pine Labs said it processed $194 billion in GTV in FY26 growing 50% on a year on year basis. The UPI volumes grew by 68% enabling over 20 million daily transactions.

Pine Labs said its international business has grown at a 44% CAGR over the past three years, now contributing approximately 15% of total revenue which is up from 9% three years ago. The international revenue for FY26 crossed Rs 400 crore. The company now operates across 22 countries.

The company said around 89% of its code changes are contributed by AI agents. Pine Labs has partnered with OpenAI to co-build the next generation of agentic commerce solutions.