Pine Labs Q1 FY27 Revenue Jumps 20% to ₹737 Crore; PAT at ₹20 Crore
Pine Labs reported Q1 FY27 revenue of ₹737 Crore, up 20% YoY, and PAT of ₹20 Crore. The company saw strong growth in its DITP and IAP segments, with online payments and affordability driving key metrics. Management is confident in achieving full-year revenue growth of 21-23.5%.
The announcement details significant revenue growth and strategic initiatives, which are crucial for investor confidence and company valuation.
The company reported strong year-on-year revenue growth and positive profit, with management expressing confidence in future performance and growth targets.
Pine Labs Limited announced its financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), reporting a 20% year-on-year increase in Revenue from Operations to ₹737 Crore. The company's Profit After Tax (PAT) stood at ₹20 Crore.
The company highlighted strong momentum across its business segments. The Digital Infrastructure and Transaction Platform (DITP) segment grew 15% year-on-year, driven by strong performance in flow and affordability revenue, online payments, and increased penetration in the mid-market segment. The Issuing and Acquiring Platform (IAP) segment revenue saw a significant 31% year-on-year increase, attributed to sustained distribution momentum in international markets like SEA and the onboarding of new D2C brands and co-branded prepaid programs.
Key business highlights for Q1 FY27 include the expansion of Digital Checkout Points (DCPs) by 18% year-on-year to 21.7 Lakh, with DCPs generating Flow and Affordability volumes rising to 30%. Online payments saw the launch of P3P, India's first agentic payment protocol on UPI, and scaled import PACB. The company also expanded its cross-border capabilities and enhanced D2C/SMB volumes to over ₹400 Crore.
In-store payments witnessed a 40% year-on-year growth in the mid-market DCP base, with over 70% of DCP transactions now on UPI. Affordability volumes grew over 30% year-on-year for the non-electronics category and 130% for the wheels category. The Issuing and Acquiring Platform (IAP) revenue grew 31% year-on-year, with India up 24% and International up 47%, driven by new gaming brands, expanded gift card portfolios, and international prepaid solutions for airlines.
Management expressed confidence in delivering the full-year revenue growth guidance of 21-23.5%, driven by network effects across its platform and strategic investments in technology and sales. Investments in AI initiatives, including in-house AI telesales agents and agentic payments, are accelerating across the stack. The company anticipates improved margins by the year-end as the productivity of its investments becomes visible.
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