Pine Labs shares rise 1% as fintech swings to black in Q4; check key numbers

The stock was trading 1% higher at ₹147.74 apiece on the National Stock Exchange (NSE) at 9:21 am.

Pine Labs Q4 results

The payment solutions provider posted a consolidated net profit of ₹59.36 crore in the March quarter of FY26. The company had reported a net loss of ₹28.91 crore a year back. Sequentially, post-tax profit rose 40% from ₹42.39 crore.

Its revenue from operations increased 17% to ₹598.64 crore in the latest January-March quarter, compared to ₹598.64 crore a year back.

Pine Labs recorded its first full year of profitability, with a net profit of ₹2,113 crore, compared to a loss of ₹2,145 crore in the prior year, a swing of ₹258 crore in single year, according to an exchange filing.

Beneath the revenue line, the fintech player processed $194 billion in gross transaction value (GTV) in FY26, growing 50% year-on-year (YoY), with UPI volumes accelerating 68% and the platform enabling more than 20 million daily transactions.

"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."

The company's international business grew at a 44% compound annual growth rate (CAGR) over the past three years, contributing around 15% of total revenue — up from 9% three years ago — with the fiscal year 2026's international revenue crossing ₹400 crore. The firm operates across 22 countries.

"We are not just processing payments. We are building the infrastructure layer that merchants, financial institutions, and brands will rely on to grow – in India and across the Global South. The fintech model Pine Labs has built at scale in India is exactly what emerging markets across Southeast Asia, the Middle East, and Africa are looking to adopt. That is a structural opportunity, and we intend to win it,” said Rau.