Pine Labs swings to ₹113 cr maiden profit in FY26, GTV hits $194 bn
Pine Labs posted its first full-year profit of ₹113 crore in FY26 versus a ₹145 crore loss, as revenue rose 19% to ₹2,711 crore and adjusted EBITDA jumped 57% to ₹559 crore. GTV crossed $194 billion (+50%), with 2 million terminals across 450 brands and overseas revenue contributing 15%.
What happened
Pine Labs reported maiden full-year profit of ₹113 crore in FY26 versus ₹145 crore loss, with revenue up 19% to ₹2,711 crore, GTV at $194 billion, and overseas
Key facts
- PAT ₹113 cr FY26
- loss ₹145 cr FY25
- Q4 PAT ₹59 cr
- operating cash flow ₹395 cr
- revenue ₹2,711 cr +19%
- adjusted EBITDA ₹559 cr +57%
- EBITDA margin 21%
- GTV $194 bn +50%
- UPI volumes +68%
- 20 mn daily transactions
- 2 mn terminals
- 450 brands
- 177 FIs
- overseas revenue ₹400 cr (15%)
- 22 countries
- 89% code by AI
Why this matters
Pine Labs' newfound profitability, expanding international footprint, and $194 bn GTV scale make it both a stronger IPO candidate and a more formidable competitor or acquisition anchor in the merchant payments and prepaid issuance stack.