Pine Labs Q1 net profit jumps 4X, revenue up 20%
The company went public in November 2025. The same fiscal was the first ever profitable one for the fintech, which was founded in 1998.
Fintech company Pine Labs saw its profit after tax (PAT) jump four times in Q1 FY27, as compared to the same period in the previous fiscal. The company's PAT was Rs 20 crore in the quarter that ended on June 30.
According to a statement by the company, its revenue rose to Rs 737 crore, 20% up from the corresponding period in the previous financial year.
It's total income rose 17.3% to Rs 765.87 crore, while total expenses increased 10.7% to Rs 728.14 crore.
The company went public in November 2025. The same fiscal year was the first ever profitable one for the fintech, which was founded in 1998.
Pinelabs owes its stellar quarterly results to more merchants moving towards digitisation, hence increasing the relevance of its products. The fintech provides Point of Sale (POS) hardware, payment processing, and software solutions.
"The Digital Checkout Points base grew 18 percent YoY to 21.7 lakhs, with 70%+ of transactions now flowing through UPI, a structural signal that enterprise and mid-market merchants are increasingly adopting screen-based, UPI-first checkout surfaces," the company said.
The statement added that Pine Labs continues to hold a dominant share in enterprise merchants across India. Additionally, more than 40 new online merchants were added in Q1 across quick commerce, ecommerce, D2C, travel, and enterprise, according to the company.
"Pine Labs continues to gain dominance across the largest commerce platforms in India—commanding leading affordability and EMI processing positions with top quick-commerce and ecommerce players," said a statement.
On top of this, its international revenue grew 21% YoY to Rs 114 crore across 22 countries. The company said that it launched payment application GCash in the Philippines, new programmes in the UAE and Singapore; expanded airline prepaid partnerships with British Airways and TAROM (Romania); launched the Suntec Mall Card program in Singapore; and scaled up multi-year contracts with Emirates NBD and Wio Bank across the UAE, Saudi Arabia, and Egypt.
It also launched 'P3P', which, according to the company, is India's first Agentic Payment Protocol; and 'Credit line on UPI', which embeds revolving, bank-issued credit directly into a consumer's UPI ID.