Pine Labs swings to profit, plans stablecoin-backed prepaid card infra for global markets
Pine Labs posted Q4 FY26 net profit of ₹59.4 Cr versus ₹28.9 Cr loss YoY, with revenue up 14.7% to ₹700.5 Cr. The merchant payments firm will launch stablecoin-backed prepaid card infrastructure globally, partner with OpenAI on AI products, and guides 21-23.5% growth for FY27.
What happened
Pine Labs turned profitable in Q4 FY26 with ₹59.4 Cr net profit and plans to launch stablecoin-backed prepaid card infrastructure for global markets, partner
Key facts
- Q4 FY26 net profit ₹59.4 Cr
- loss ₹28.9 Cr YoY
- revenue ₹700.5 Cr (+14.7% YoY)
- FY27 guidance 21-23.5%
- market cap ₹16,334 Cr
- share price ₹142.25
- 89% AI-generated code
- 2 lakh PoS backlog
Why this matters
Pine Labs' stablecoin-backed prepaid infrastructure and OpenAI partnership position it as a strategic platform play in cross-border merchant payments, opening windows for partnerships, white-label deals, or selective M&A in stablecoin rails.
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