Athira Sethu
Kochi, 26 May 2026
Pine Labs delivered a sharp turnaround in FY26, posting its first full year of profitability as strong transaction growth, rising international expansion, and accelerating UPI adoption boosted investor confidence. The fintech firm’s March quarter performance signaled improving operational efficiency, with higher revenues and a return to quarterly profit driving its shares higher in early trade on May 26. Management highlighted that the company is gaining scale across merchants and emerging markets, positioning Pine Labs as a key digital payments infrastructure player across India and the Global South.
| Market Reaction | Details |
| Share Price Movement | Pine Labs shares rose 1% on May 26 |
| NSE Trading Price | ₹147.74 at 9:21 am |
| Investor Trigger | Return to profitability in Q4 FY26 |
| Pine Labs Q4 FY26 Performance | Q4 FY26 | Q4 FY25 | Change |
| Net Profit | ₹59.36 crore | Loss of ₹28.91 crore | Returned to profit |
| Sequential Profit Growth | ₹59.36 crore | ₹42.39 crore (Q3 FY26) | +40% |
| Revenue from Operations | ₹598.64 crore | ₹511.64 crore* | +17% |
*Calculated based on stated growth rate.
| Full-Year FY26 Snapshot | FY26 | FY25 |
| Net Profit | ₹2,113 crore | Loss of ₹2,145 crore |
| Profit Swing | ₹258 crore improvement in one year | — |
| Gross Transaction Value (GTV) | $194 billion | — |
| GTV Growth | +50% YoY | — |
| Daily Transactions | 20 million+ | — |
| UPI Volume Growth | +68% YoY | — |
| International Business Expansion | Performance |
| International Revenue FY26 | ₹400 crore+ |
| Share of Total Revenue | 15% |
| Contribution Three Years Ago | 9% |
| International Revenue CAGR | 44% over 3 years |
| Countries of Operation | 22 |
