Pine Labs Posts Q3 Profit Surge: ₹59.7 Mn Amid ₹6.5 Bn Revenue Milestone!

Financial Performance

Pine Labs achieved consolidated revenue of ₹6.5 billion in the quarter, driven by 70% from transaction processing (up 14% YoY) and device sales surging 57%. Net profit hit ₹59.7 million, reversing prior losses through cost controls and deferred tax credits, following Q1's ₹4.8 crore profit.​

Growth Drivers

The firm processed $46 billion GTV quarterly, partnering with 198 banks and 690 brands across 954K merchants. FY25 revenue grew 28.5% to ₹2,274 crore; adjusted EBITDA doubled to ₹356 crore, signaling IPO readiness post strong subscription.​

Key Highlights

Revenue: ₹6.5 Bn from operations; +18% YoY trajectory.​

Profit: ₹59.7 Mn net; first profitable quarters in FY26.​

GTV Scale: $46 Bn quarterly; $185 Bn annualized.​

Segments: Processing 70% share; devices +57% YoY.​

IPO Context: Fresh ₹2,600 Cr issue; $4-5B valuation target.​

Sources: Economic Times, Entrackr, Inc42, Angel One​