Pine Labs Q1 FY27 Revenue at ₹737 Cr (20% YoY), PAT Up 4X to ₹20 Cr
Pine Labs reported Q1 FY27 revenue of ₹737 Cr, up 20% YoY. PAT surged 4X to ₹20 Cr from ₹5 Cr YoY. Adjusted EBITDA was ₹126 Cr. Platform GTV reached ~$45 Bn. The company acquired Shopflo Technologies for ₹88 Cr. Trading window opens July 31, 2026.
The strong financial results, including significant revenue and profit growth, coupled with strategic initiatives like acquisitions and new technology primitives, are expected to have a substantial impact on the company's market position and future growth.
The company reported strong year-over-year growth in revenue and a significant increase in profit after tax, indicating positive financial performance.
Pine Labs Limited has announced its financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), ending June 30, 2026. The company reported a significant year-over-year (YoY) revenue growth of 20%, reaching ₹737 crore. Profit After Tax (PAT) saw a substantial increase, growing fourfold to ₹20 crore from ₹5 crore in Q1 FY26. Profit Before Tax also improved to ₹38 crore, compared to a loss of ₹5 crore in the same quarter last year. The Contribution Margin remained strong at 72.3%, amounting to ₹533 crore, while Adjusted EBITDA stood at ₹126 crore, representing a 17.1% margin.
The company processed approximately ₹4.22 lakh crore ($45 billion) in Gross Transaction Value (GTV) during the quarter. The Digital Checkout Points base expanded by 18% YoY to 21.7 lakh, with over 70% of transactions now occurring through UPI.
Pine Labs' Instore and Flow services saw accelerated growth in the mid-market segment, with over 1.3 lakh Digital Checkout Points added, marking the fastest-growing segment. Flow, Affordability, and Transaction Processing GTV grew over 54% YoY to ₹91,000 crore, with UPI GTV accelerating by over 80% YoY and DCC GTV growing by 40% YoY.
In the online segment, Pine Labs added over 40 new online merchants and continues to strengthen its position in affordability and EMI processing with major e-commerce players. The Shopflo Checkout platform processed over ₹400 crore in D2C and SMB volumes.
Internationally, revenue grew 21% YoY to ₹114 crore, contributing approximately 16% of consolidated revenue across 22 countries. Key developments include scaling the payment application with GCash in the Philippines, launching new affordability programs in the UAE and Singapore, expanded airline prepaid partnerships, and new mall card programs.
The Issuing and Acquiring platform (IAP) revenue increased by 31% YoY, with India up 24% and international markets up 47%. New consumer categories, such as gaming gift cards and prepaid programs for employee benefits, are expected to scale significantly in H2 FY27.
Pine Labs is also developing next-generation payment architecture on India's public digital payment rails. This quarter saw the launch of two new primitives: P3P (Agentic Payment Protocol) and Credit Line on UPI, which embeds revolving credit directly into a consumer's UPI ID.
Amrish Rau, CEO of Pine Labs, stated, "P3P and Credit Line on UPI aren't products —they're architectural primitives, built where the rest of the world hasn't caught up yet. India built the public rails; we're building the intelligence and credit layer on top of them. That shifts us from a payments processor into the infrastructure layer that merchants, brands, and financial institutions build on."
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