| Revenue growth | FY26 revenue at ₹2,711 Cr vs ₹2,274 Cr in FY25. |
|---|---|
| Margins | Adjusted EBITDA margin expanded from 16% in FY25 to 21% FY26. |
| Demand visibility | High; 1 Mn+ market opportunity in bespoke segments like transit/utilities. |
| Management confidence | Strong; cite dominant 60% enterprise market share and platform scale. |
Growth
FY26 revenue grew to ₹2,711 Cr; Adjusted EBITDA rose to ₹569 Cr, a 59% increase over FY25.
Outlook
Targets 1L+ annual merchant acquisition via partners; focus on retail media and $50B+ commerce intelligence market.
Risks
Intense competition in fintech; reliance on merchant adoption of value-added services (VAS) and digital transformation.
Last quarter's promises, checked
Delivered
- Guided 76-78% contribution margin → delivered 76% (= BEAT)
- Guided 15-16% net working capital/top line → delivered within range (= BEAT)
- Guided positive PAT trend → delivered ₹42 Cr PAT (vs ₹5-6 Cr in Q1/Q2) (= BEAT)
Partly delivered
- Guided incremental ₹100 contribution to ₹50-60 EBITDA → delivered ~₹48-50 range (= PARTIAL)
Earnings Call filed with NSE, NSE: PINELABS. Summary written with AI assistance from the document.
Pine Labs Ltd: key numbers
- Share price
- ₹176.57
- Market cap
- ₹20,389 Cr
- Revenue (annual)
- ₹2,711 Cr
- Net profit (annual)
- ₹112.5 Cr
- P/E (TTM)
- 160.2×Sector 22.1×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 9.49%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Soundbox deployment
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Pine Labs Earnings Call Transcript: Key Takeaways
Pine Labs reported 20% YoY Q1 growth with a PAT of Rs.20 Crores. Management is shifting to a lighter balance sheet by selling terminals upfront.
- Call
- Guides 24% growth