Pine Labs
What it means
Pine Labs' scale now pays for itself: room for merchant acquisition and device subsidies.
Reported: Net profit ₹19.6 cr, up from ₹5 cr a year earlier, on revenue +20% in Q1 FY27.
Watch: Q2 FY27 results, expected late Oct — revenue growth below Q1's 20%.
Before its next results, expected late Oct:Before then:
- Affected
- Rival payment gateways and POS providers — facing a better-funded Pine LabsDo now: By late Oct: defend your strongest catchments: it has profit to spend where it competes with you.
- Pine Labs' bank and card-network partners — a stronger buyer at the tableDo now: By late Oct: expect firmer terms from it; lock volumes and prices.
All figures consolidated. The figure for Q4 FY26 is confirmed on that basis by a 2 Sept 2026 report, Q1 FY27 by .
- Q1 FY26 net profit · From a 2 Sept 2026 report₹4.79 crore
- Q2 FY26–Q3 FY26 not shown
- Q4 FY26 net profit · From a 2 Sept 2026 report₹59.36 crore
Our arithmetic · not a reported figureChange to Q1 FY27 profit
- +₹14.8 crorefrom Q1 FY26 net profit
- −₹39.8 crorefrom Q4 FY26 net profit
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
All 189 stories on Pine Labs1 leadership move at Pine Labs →
Background
From 5 stories, the newest dated 29 Sept 2026. Summary written 3 Oct 2026.
Pine Labs is an India-focused fintech that is broadening merchant monetisation across payments, EMI, rewards, issuing and banking infrastructure, Inc42 reported in September 2026.[1] source: Inc42
Show 3 more paragraphs and 5 sources
Through Qwikcilver, it supports Woolworths Group's gift card programmes across physical and digital channels.[2] source: Business Today Business Standard listed Pine Labs among fintechs expected to benefit from the proposed UPI MDR of 0.4 per cent on transactions above ₹2,000.[3] source: Business Standard
Pine Labs reported its first full-year profit in FY26, with operating revenue of ₹2,710.6 Cr, up 19% YoY, and consolidated net profit of ₹112.5 Cr versus a ₹145.5 Cr loss in FY25.[1] source: Inc42 FY26 adjusted EBITDA was ₹559 Cr, up 57%.[1] source: Inc42 In Q1 FY27 revenue was ₹736.9 Cr, up 20% YoY, net profit was ₹19.6 Cr, and adjusted EBITDA margin was 17.1% versus 19.6%.[1] source: Inc42 In September 2026 it extended its technology partnership with Woolworths Group for five years, and its shares fell 3% in Tuesday's trade.[2] source: Business Today Entrackr reported that Pine Labs plans to deploy 10 lakh soundboxes across India.[4] source: Entrackr
Business Standard reported in September 2026 that Mastercard planned to sell its entire 4.3% Pine Labs stake, 4.97 crore shares, through a ₹892 crore block deal at ₹179.50 per share.[5] source: Business Standard Entrackr reported that Mastercard sold its 4.31% stake for Rs 933.5 crore.[4] source: Entrackr
Sources
Questions about Pine Labs
How fast is Pine Labs growing in India?
Pine Labs reported FY26 operating revenue of ₹2,710.6 Cr, up 19% YoY, and Q1 FY27 revenue of ₹736.9 Cr, up 20% YoY. Its FY26 consolidated net profit was ₹112.5 Cr versus a ₹145.5 Cr loss in FY25.[1] source: Inc42
What is Pine Labs' current strategy in India?
In September 2026 Pine Labs extended its Woolworths Group gift-card partnership for five years through Qwikcilver.[2] source: Business Today It plans to deploy 10 lakh soundboxes across India.[4] source: Entrackr It is broadening merchant monetisation across payments, EMI, rewards, issuing and banking infrastructure.[1] source: Inc42
More stories about Pine Labs
- Motilal Oswal starts Pine Labs at Buy, sees 30% upside to Rs 250
- Pine Labs appoints former Razorpay executive Jayaram Karthik as COO
- Pine Labs taps Blinkit and Zepto as it resets POS economics and expands gift-card distribution
- Pine Labs Q1 FY27 revenue rises 20% to ₹737 crore; profit quadruples
Stories that mention Pine Labs
9 stories
Pine Labs is named in these stories but is not their subject.
- Nomura initiates Paytm at Buy with Rs 2,250 target as NPCI defers UPI MDR framework until after Diwali
- DailyObjects raises $34.3 Mn Series C at ₹1,050 Cr valuation to build 150 EBOs over five years
- UPI MDR deferral to January 2027 sought; MobiKwik, Paytm, Pine Labs shares slide up to 7%
- NPCI to levy 0.4% UPI MDR on payments above ₹2,000 from October 15
- Potential UPI MDR charges could open a new revenue stream for Paytm and Pine Labs
- FIIs nearly triple Lenskart stake to 12.8% in Q1 FY27
- Apple Pay reportedly targets India launch by October, without UPI at debut
- Paytm could see bigger upside than Pine Labs if UPI MDR returns
- India may allow MDR on UPI and other electronic payments outside a negative list