Pine Labs Q2 FY27 Revenue Up 24% YoY to ₹806 Cr, PAT Jumps 6x
Pine Labs reported Q2 FY27 revenue of ₹806 Cr, a 24% YoY increase. PAT jumped 6x to ₹39 Cr. Adjusted EBITDA rose 27% to ₹155 Cr with a 19.2% margin. DCPs grew 17% to 22.3 Lakh, and transactions increased 24% to 229 Cr.
The announcement details significant financial performance improvements, including substantial revenue growth and a six-fold increase in PAT, which are material to investors and the market.
The company reported strong year-on-year growth in revenue and a significant increase in profit after tax, alongside healthy growth in key performance indicators like GTV and transactions. The management's outlook for the second half of the fiscal year is also optimistic.
Pine Labs Limited announced its financial results for the second quarter of FY27, reporting a significant 24% year-on-year increase in revenue from operations, reaching ₹806 Crore. This growth was primarily driven by a 21% rise in Digital Infrastructure and Transaction Platform (DITP) revenue and a 31% increase in Issuing and Acquiring Platform (IAP) revenue.
The company also saw a substantial improvement in profitability, with Profit after Tax (PAT) surging approximately six-fold year-on-year to ₹39 Crore. Adjusted EBITDA grew by 27% YoY to ₹155 Crore, with the margin remaining strong at 19.2%.
Key performance indicators for the quarter include a 17% YoY increase in the overall Digital Checkout Points (DCPs) base to 22.3 Lakh, and a 24% YoY increase in the number of transactions to 229 Crore. Platform Gross Transaction Value (GTV) stood at ₹445k Crore, up 5% YoY.
Pine Labs highlighted its strategic focus on expanding affordability solutions, agentic commerce, and cross-border payments. The company also launched several new products, including an Employee Benefits Card, Digital Mobility Card Issuance, Stablecoin prepaid card, Partner Central, Agent Toolkit, Agentic Commerce, and Cross-Border Import Payments.
Management expressed confidence in sustaining the growth momentum into the second half of FY27, citing broad-based momentum across its platforms, merchant acquisition, deeper monetization, new products, and international expansion. The company also anticipates a gradual tapering of its consolidated Effective Tax Rate (ETR) to around 30% by the end of FY27.
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Pine Labs Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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