Digital payments processor Pine Labs reported operating revenue of Rs 700 crore in the March quarter of fiscal 2026, up 17% from Rs 598 crore a year back, primarily driven by growth in its international business and expansion of its product suite beyond simple merchant payment processing..
The Noida-based fintech firm’s net profit for the final quarter of the last fiscal year turned around to Rs 59 crore, from a loss of around Rs 29 crore a year back.
Keeping a check on overall expenses, especially controlling its employee costs, one of the major cost items, Pine Labs’ total expenses for the March quarter stood at Rs 681 crore, up slightly from around Rs 632 crore a year back.
Overall the firm closed FY26 with operating revenue of Rs 2,710 crore and a net profit of Rs 112 crore, compared to a loss of Rs 145 crore a year back.
Pine Labs was listed in November 2025. Sharing details about its IPO proceeds, Pine Labs said that the company had raised Rs 2,080 crore in fresh capital, out of which around Rs 797 crore has already been used up with a major part going towards repaying borrowings.
