Pine Labs swings to ₹59.4 cr Q4 profit as EBITDA nearly doubles, GTV jumps 50%
Pine Labs reversed a year-ago loss to post ₹59.4 cr Q4 FY26 profit on revenue of ₹700.5 cr (+17%). EBITDA rose 88% to ₹106.4 cr, with margins expanding to 15.2% from 9.5%. GTV climbed 50% to $194 bn and UPI volumes jumped 68%, pointing to deeper merchant monetisation as the payments platform scales toward 20 mn daily transactions.
What happened
Pine Labs swung to ₹59.4 cr Q4 profit from a year-ago loss, with revenue up 17% to ₹700.5 cr and EBITDA nearly doubling. GTV rose 50% to $194 bn, UPI volumes up
Key facts
- Net profit ₹59.4 cr vs loss ₹26.7 cr YoY
- Revenue ₹700.5 cr, up 17%
- EBITDA ₹106.4 cr, up 88%
- EBITDA margin 15.2% vs 9.5%
- GTV $194 bn, up 50%
- UPI volumes up 68%
- 20 mn daily transactions
- Share price ₹146.67, up 2.68%
Why this matters
With $194 bn GTV and 68% UPI volume growth, Pine Labs is consolidating as the platform partner of choice—watch for tuck-in acquisitions in merchant software or BNPL adjacencies.