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Pine Labs posts consecutive profits in Q2FY26

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Pine Labs readies for $1 billion IPO in 2026: Report
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Debasis Mohapatra

Bengaluru, 3 Dec 2025

Pine Labs posted quartely profit during the second quarter of FY26 as it announced its results on Wednesday.

Here is a snapshot:

ParticularsQ2FY26Rise/Fall YoY
Revenue from OperationsRs 650 crore18% ↑
Contribution MarginRs 497 crore21% ↑
Adjusted EBITDARs 122 crore62% ↑
EBITDA Margin19%100 basis points ↑
Net ProfitRs 6 crore(Rs 32 crore)
Employee Cost % of Revenue37% of total revenue13% ↓

Business Performance:

ParticularsQ2FY26Rise/Fall YoY
Digital Infrastructure and Transaction Platform RevenueRs 440 crore11.95%
Issuing and Acquiring Platform RevenueRs 210 crore32.9%

Updates on International Operations:

  1. Pine Labs has clients in 20 countries globally.
  2. Its international business grew around 30% YoY in Q2 FY26  to Rs 108 crore vs Rs 83 crore a year ago.

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