Pine Labs share price climbs nearly 3% as Q2 profit at ₹6 crore vs ₹32 crore loss a year back, revenue up 18%

Pine Labs share price: Shares of fintech platform Pine Labs Limited rose on Thursday, December 4, after the company announced its financial results for the second quarter of the fiscal year 2026.

The stock climbed as much as 2.62% to ₹254 per unit on the National Stock Exchange (NSE). At 9:23 am, it was up 0.74% to ₹249.38.

Pine Labs Q2 results

The company posted a consolidated net profit of ₹5.97 crore in the latest September quarter, compared to a net loss of ₹32.01 crore in the same period of the previous fiscal year.

Its revenue from operations surged 17.82% to ₹649.9 crore in the quarter under review as against ₹551.57 crore in the year-ago period.

In an exchange filing, the company said its adjusted EBITDA advanced 62% year-on-year (YoY) to ₹122 crore, with margin expanding from 14% to 19%, accelerated by higher-margin businesses growing faster, complemented with disciplined employee cost control.

Pine Labs also stated that Q2 FY26 resulted in a strong positive operating cash flow of ₹241 crore (excluding early settlement) and ₹152 crore, including early settlement.

B Amrish Rau, MD and CEO of Pine Labs, said, "The first half of this year is behind us, and both quarters have been record-breaking in our history. First, we turned clean PAT positive in Q1, and we have now followed it up with a Q2 that is again PAT positive. This is not a one-off event; we believe it is the result of the solid hard work we have been putting in over the last many months."

The stock listed at ₹242 a unit on the NSE and the BSE on November 13, reflecting a premium of 9.5% over the IPO issue price of ₹221.

The ₹3,900.17 crore initial share sale was a fresh issuance of equity shares worth ₹2,080.26 crore and an offer for sale of 8.23 crore shares valued at ₹1,819.91 crore by existing shareholders.

Noida-based Pine Labs, a leading financial technology company, focused on digitising payments via point-of-sale (POS) solutions and issuing solutions for consumer brands, merchants and financial institutions.

Its technology infrastructure backs digital transactions and payment processing in India and a few overseas markets like Singapore, the US, the UAE, Australia, Malaysia, and parts of Africa.

It competes with the likes of Paytm, Infibeam, PhonePe, Razorpay and PayU Payments in the domestic market and Adyen, Block and Shopify in the international markets.