Pine Labs swings to Rs 59 Cr Q4 profit; GTV hits $194B as UPI, international scale

Pine Labs posted record Q4 FY26 net profit of Rs 59.36 Cr versus a Rs 28.91 Cr loss YoY, on revenue of Rs 700.51 Cr (+17%). FY26 swung to Rs 112.51 Cr profit. GTV rose 50% to $194B, UPI volumes +68% at 20M daily txns, and international crossed Rs 400 Cr (~15% of revenue) across 22 countries.

— Source publishedMon, 25 May, 2026, 20:28 IST·First seen Mon, 25 May, 2026, 20:37 IST·Source YourStory

What happened

Pine Labs swung to record Q4 FY26 net profit of Rs 59.36 cr on Rs 700.51 cr revenue (+17%); FY26 profit Rs 112.51 cr, GTV $194B (+50%), UPI volumes +68%,

Key facts

  • Q4 net profit Rs 59.36 cr vs loss Rs 28.91 cr YoY
  • Q4 revenue Rs 700.51 cr (+17% YoY)
  • FY26 net profit Rs 112.51 cr vs loss Rs 145.49 cr
  • FY26 revenue Rs 2,710.59 cr (+19%)
  • GTV $194B (+50%)
  • UPI volumes +68%, 20M daily txns
  • Intl revenue >Rs 400 cr, ~15% of total
  • 22 countries
  • 89% code by AI agents

Why this matters

Pine Labs' 22-country footprint and Rs 400 Cr international book make it a strategic acquirer or partner candidate for regional issuer-processing and PPI assets, while smaller domestic acquirers face mounting consolidation pressure.

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