Pine Labs slips 1% as Q4 misses; FY26 swings to ₹113 cr profit
Q4 FY26 revenue missed Street estimates, dragging shares 1% to ₹144.45. Full-year revenue rose 19% to ₹2,711 cr with adj EBITDA up 57% at ₹559 cr. Stock down 38% YTD despite OMC wins (BPCL, HPCL, IOCL), GCash Philippines push and OpenAI agentic commerce tie-up. Morgan Stanley target ₹245.
Pine Labs Q4 FY26 revenue missed estimates, sending shares down 1%. FY26 turned profitable with ₹113 cr PAT. Growth drivers include OMC contracts (BPCL, HPCL, IOCL), GCash Philippines partnership, and OpenAI agentic commerce tie-up.
Why this matters
Builds on Pine Labs' maiden profit narrative and ₹59 cr Q4 profit, with GTV up 50% to $194B and international revenue crossing 15%. Q4 miss tempers the FY26 profitability swing.
Retail-company signals steady at 1,159 over 90 days, reflecting consistent listed-retail newsflow.