Pine Labs swings to profit: Q4 revenue Rs 700 Cr, FY26 PAT Rs 113 Cr
Merchant payments and prepaid major Pine Labs reported Q4 FY26 revenue of Rs 700.5 Cr, up 17% YoY, alongside a net profit of Rs 59.4 Cr versus a Rs 28.9 Cr loss a year ago. Full-year revenue grew 19% to Rs 2,710.6 Cr with Rs 112.5 Cr in profit. Recently folded in D2C checkout firm Shopflo.
What happened
Pine Labs posted Q4 FY26 revenue of Rs 700.5 Cr (+17% YoY) and turned profitable with Rs 59.4 Cr net profit. FY26 revenue rose 19% to Rs 2,710.6 Cr, posting Rs
Key facts
- Revenue Rs 700.5 Cr Q4 FY26
- +17% YoY
- Net profit Rs 59.4 Cr vs loss Rs 28.9 Cr
- FY26 revenue Rs 2,710.6 Cr (+19%)
- FY26 profit Rs 112.5 Cr
- Market cap Rs 16,842 Cr
Why this matters
Folding Shopflo into a now-profitable Pine Labs platform extends the wedge from offline acceptance into D2C checkout, tightening the window for rival acquirers and BNPL players to bundle similar full-stack merchant offerings.