ALFA Finder| 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
- ₹166.22
- Market cap
- ₹19,194 Cr
- Revenue (annual)
- ₹2,711 Cr
- Net profit (annual)
- ₹112.5 Cr
- P/E (TTM)
- 120.0×Sector 23.6×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 13.18%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Pine Labs Ltd
All →Pine Labs Other Announcement
Pine Labs Limited filed CARE Ratings' Monitoring Agency Report for the quarter ended September 30, 2026, on its IPO proceeds. The report shows no deviation from objects and no major deviations.
Pine Labs Investor Presentation: Key Takeaways
Q2 FY27: Revenue ₹806 Cr (+24% YoY), Adj EBITDA ₹155 Cr (19% margin), PAT ₹39 Cr (6x YoY). Investing in mid-market, international and UPI.
Pine Labs Q2 FY27 Results: Net Profit ₹38.6 Cr, Up 543.3% YoY
Pine Labs Ltd reported revenue from operations of ₹806.2 Cr (+24.0% YoY) and net profit of ₹38.6 Cr (+543.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹38.6 Cr · +543.3% YoY
Pine Labs Employee Stock Options
Pine Labs granted 16,37,152 employee stock options under its ESOP 2025 scheme. Options vest over 48 months at exercise prices of Rs 5.40 to Rs 150.06.
Pine Labs Acquisition Worth ₹25 Cr
Pine Labs Limited invested ₹24.9993 Crore in its wholly owned subsidiary, Synergistic Financial Networks Private Limited, via a rights issue subscription.
- Value
- ₹25.00 Cr
Pine Labs Board Meeting Date
Pine Labs Limited scheduled a board meeting on October 29, 2026, to consider financial results, followed by an earnings conference call.