Financial Highlights
Pine Labs, a fintech company based in Noida, has announced its financial results for the fourth quarter of FY26. The digital payments processor reported operating revenues of Rs 515 crore, reflecting a 24% increase from Rs 415 crore in the same quarter last year.
The company's net profit for this quarter stood at Rs 67 crore, which is an impressive 81% rise compared to Rs 37 crore recorded a year prior.
Expense Management
Pine Labs managed to keep its total expenses for the quarter at Rs 490 crore, a slight increase from approximately Rs 430 crore the previous year. Notably, employee costs decreased to Rs 171 crore in the March quarter, down from Rs 188 crore in Q3FY26 and significantly lower than Rs 267 crore in the September quarter.
Annual Performance
For the full fiscal year 2026, Pine Labs reported total operating revenues of Rs 1,926 crore, alongside a net profit of Rs 149 crore, a substantial rise from just Rs 8 crore in FY25.
IPO Insights
The company went public in November 2025, initially seeing a 9.5% increase over its IPO price. Pine Labs raised Rs 2,080 crore in fresh capital, with around Rs 797 crore already utilized, primarily for debt repayment.
Stock Performance
As of May 25, Pine Labs' shares closed at Rs 146, marking a 2.35% increase during the trading day on the BSE.
