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:
| Particulars | Q2FY26 | Rise/Fall YoY |
| Revenue from Operations | Rs 650 crore | 18% ↑ |
| Contribution Margin | Rs 497 crore | 21% ↑ |
| Adjusted EBITDA | Rs 122 crore | 62% ↑ |
| EBITDA Margin | 19% | 100 basis points ↑ |
| Net Profit | Rs 6 crore | (Rs 32 crore) |
| Employee Cost % of Revenue | 37% of total revenue | 13% ↓ |
Business Performance:
| Particulars | Q2FY26 | Rise/Fall YoY |
| Digital Infrastructure and Transaction Platform Revenue | Rs 440 crore | 11.95% |
| Issuing and Acquiring Platform Revenue | Rs 210 crore | 32.9% |
Updates on International Operations:
- Pine Labs has clients in 20 countries globally.
- Its international business grew around 30% YoY in Q2 FY26 to Rs 108 crore vs Rs 83 crore a year ago.
