Pine Labs Q1 FY27 Revenue ₹737 Cr (20% YoY), PAT Up 4X to ₹20 Cr
Pine Labs reported Q1 FY27 revenue of ₹737 Cr, up 20% YoY, with PAT growing 4X to ₹20 Cr. Contribution Margin was ₹533 Cr, and Adjusted EBITDA reached ₹126 Cr. The platform processed ~₹4.22 lakh Cr in GTV. The company also acquired Shopflo Technologies for ₹88 Cr.
The substantial increase in revenue and profit, coupled with strategic initiatives like the Shopflo acquisition and advancements in payment architecture, are expected to have a significant positive impact on the company's financial performance and market position.
The company reported strong year-on-year growth in revenue and profit, with significant improvements in PAT and EBITDA, alongside strategic acquisitions and platform developments.
Pine Labs Limited announced its unaudited financial results for the quarter ended June 30, 2026, with a significant year-on-year growth in revenue and profit. The company reported a revenue of ₹737 crore, marking a 20% increase from the same quarter last year. Profit After Tax (PAT) saw a substantial rise, growing fourfold to ₹20 crore from ₹5 crore in Q1 FY26. Profit Before Tax also improved considerably, reaching ₹38 crore from a loss of ₹5 crore in the prior year's comparable quarter.
The Contribution Margin remained strong at 72.3%, amounting to ₹533 crore. Adjusted EBITDA stood at ₹126 crore, representing a 17.1% margin, reflecting strategic investments in high-growth segments and continued development of its technology and AI platforms. The platform processed approximately ₹4.22 lakh crore (approximately $45 billion) in Gross Transaction Value (GTV).
The company highlighted the increasing relevance of its products as merchants digitize, with quarterly platform GTV consistently above $45 billion. The Digital Checkout Points base grew 18% year-on-year to 21.7 lakh, with over 70% of transactions now flowing through UPI. Pine Labs also noted strong performance in its Instore and Flow services, with the mid-market segment accelerating over 40% year-on-year. Online, the company added over 40 new online merchants and continued to gain dominance across major commerce platforms.
Internationally, Pine Labs' revenue grew 21% year-on-year to ₹114 crore, contributing about 16% of consolidated revenue across 22 countries. The Issuing and Acquiring platform saw revenue growth of 31% year-on-year. The company is also focusing on building next-generation payment architecture on India's digital rails, introducing new primitives like P3P (Agentic Payment Protocol) and Credit Line on UPI. The company acquired 100% equity stake in Shopflo Technologies Private Limited for ₹88 crore during the quarter.
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