Pine Labs swings to Rs 59 Cr Q4 profit as GTV jumps 50% to $194B
Pine Labs posted Rs 59.36 Cr Q4 net profit on Rs 700.51 Cr revenue (+17% YoY), with GTV up 50% to $194B and UPI volumes climbing 68%. International revenue hit Rs 400 Cr (15% share). Roundup also flags Graamya's Kerala spice export push, abcoffee's Rs 61 Cr Series B, and Yes Madam's Rs 50 Cr maiden round.
What happened
Pine Labs swung to Rs 59 Cr Q4 profit on 17% revenue growth and 50% GTV jump. Kerala's Graamya scales spice exports. Funding for abcoffee (Rs 61 Cr Series B)
Key facts
- Rs 59.36 Cr Q4 net profit
- Rs 700.51 Cr revenue +17% YoY
- $194B GTV +50% YoY
- UPI volumes +68%
- Rs 400 Cr international revenue (15% share)
- abcoffee Rs 61 Cr Series B
- Yes Madam Rs 50 Cr
- Ola Electric 22,600 Q1 registrations
Why this matters
Pine Labs' profitability inflection plus active funding in adjacent verticals (abcoffee's Rs 61 Cr, Yes Madam's Rs 50 Cr) signals a maturing Indian commerce stack where strategic acquirers should target merchant-services bolt-ons before valuations re-rate.