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.
What happened
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,
Key facts
- ₹144.45 share price
- -1.01% intraday
- Q4 revenue +17% YoY
- Q4 adj EBITDA ₹146 cr +73% YoY
- FY26 revenue ₹2,711 cr +19%
- FY26 adj EBITDA ₹559 cr +57%
- FY26 PAT ₹113 cr vs loss ₹145 cr
- Net cash ₹2,449 cr
- MS target ₹245
- stock -38% YTD
- guidance 21-23.5% growth
Why this matters
Pine Labs' agentic commerce partnership with OpenAI plus OMC mandate wins (BPCL/HPCL/IOCL) and GCash Philippines expansion mark it as a consolidating fintech platform worth tracking for partnership or competitive positioning moves.