Pine Labs FY26 revenue from operations up 19% to Rs 2,710 crore
26 May 2026, 12:02 PMThe company posted a net profit of Rs 112.5 crore in FY26 against a net loss of Rs 145.5 crore in the previous financial year.
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Fintech company Pine Labs has reported a 19% jump in revenue from operations to Rs 2,710.6 crore in the fiscal ended March 31, 2026 from Rs 2,274.7 crore in FY25.
The company posted a net profit of Rs 112.5 crore in FY26 against a net loss of Rs 145.5 crore in the previous financial year, filings with the stock exchanges show.
Total income increased to Rs 2,847.1 crore during the fiscal compared to Rs 2,327.1 crore in FY25.
Employee benefits expenses rose to Rs 1,069 crore in FY26 from Rs 984.2 crore in FY25, while total expenses increased to Rs 2,706.4 crore from Rs 2,426.9 crore a year earlier.
On a quarterly basis, Pine Labs reported a 17% year-on-year rise in revenue from operations to Rs 700.5 crore in Q4 FY26 from Rs 598.6 crore in Q4 FY25.
The company recorded a net profit of Rs 59.4 crore in Q4 FY26 compared to a net loss of Rs 28.9 crore in the corresponding quarter last year.
Pine Labs’ total comprehensive income stood at Rs 126.4 crore in FY26 against a comprehensive loss of Rs 140.8 crore in FY25.
Pine Labs, which had made its market debut in November 2025, saw its stock crash last week by up to 20%, falling to around Rs 151 on the NSE, after the end of its six-month pre-IPO shareholder lock-in period. Prior to the fall, it was trading at around Rs 188, which was still about 30% below its initial issue price of Rs 221.
Earlier on Monday, The Head and Tale reported that Pine Labs, which has previously bought startups including Setu, Qwikcilver and most recently Shopflo, is the frontrunner to acquire Cashfree Payments.
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