Pine Labs Reports 18% YoY Revenue, 62% EBITDA YoY Growth in Q2 FY26
Filing Summary
Pine Labs Limited has released its financial results for the quarter ending September 30, 2025. The company reported a revenue of INR 650 crores, marking an 18% year-over-year increase. The adjusted EBITDA rose by 62% year-over-year to INR 122 crores. The company also achieved a profit after tax of INR 6 crores, a significant improvement from the previous year’s loss. The board meeting to approve these results was held on December 3, 2025. Pine Labs continues to expand its international presence, with 17% of its revenue coming from overseas operations.
Pine Labs Limited has announced its financial results for the quarter ending September 30, 2025. The company reported a total revenue of INR 650 crores, reflecting an 18% increase compared to the same period last year. The board meeting to approve these results took place on December 3, 2025, and concluded within 47 minutes. The company also reported a profit after tax of INR 6 crores, a notable improvement from a loss of INR 32 crores in the previous year.
The financial results indicate a significant rise in the company’s adjusted EBITDA, which grew by 62% year-over-year to INR 122 crores. The company achieved a contribution margin of INR 497 crores, marking a 21% increase from the previous year. Pine Labs’ revenue from operations is recognized on a net basis, excluding payment processing fees and passthrough charges. The company generated a positive operating cash flow of INR 241 crores, excluding early settlement, and INR 152 crores including early settlement.
Operationally, Pine Labs processed its highest-ever quarterly Gross Transaction Value (GTV) of over $48 billion, with more than 1 million merchants on its platform. The number of transactions grew by 44% year-over-year to 1.9 billion, indicating increased platform usage. The company continues to focus on its digital infrastructure and transaction platform, as well as its issuing and acquiring platform, contributing to its overall growth.
The timeline for the company’s financial reporting was adhered to as per regulatory requirements. The board meeting to approve the financial results was held on December 3, 2025, and the trading window for securities will open on December 8, 2025, following the company’s Code of Conduct for Prevention of Insider Trading.
The entities involved in the financial reporting include Pine Labs Limited and its subsidiaries, with B S R & Co. LLP serving as the statutory auditor. The financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors. The company has also completed an initial public offering (IPO) comprising a fresh issue of equity shares and a sale by existing shareholders.
In the context of market relevance, Pine Labs is expanding its international presence, with 17% of its revenue for the quarter coming from overseas operations, up from 15% in the previous year. The company continues to focus on its growth strategies, particularly in the areas of issuing, affordability, and online payments businesses, which are outpacing growth in the in-store payments business.
Pine Labs Limited is a global fintech platform that provides digital infrastructure and transaction solutions. The company focuses on enhancing its platform to deliver seamless experiences for merchants, banks, and corporate partners. Pine Labs is committed to expanding its international presence and leveraging its strong operating leverage to drive profitability.