Pine Labs Q1FY27 revenue up 20% to ₹737 crore, PAT grows 4x

Pine Labs reported consolidated revenue from operations of ₹736.92 crores for the quarter ended June 30, 2026, marking a 20% year-on-year (YoY) growth compared to ₹615.91 crores in Q1 FY26. Profit After Tax (PAT) rose approximately fourfold to ₹19.57 crores from ₹4.79 crores in the same quarter last year, driven by improved operational efficiency and strong international expansion. The Board of Directors approved these unaudited standalone and consolidated financial results at its meeting held on July 28, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated Financial Performance

The following table summarises Pine Labs' consolidated financial results for the quarter ended June 30, 2026 (amounts in INR crores):

Metric:	Q1 FY27 (Jun 30, 2026)	Q4 FY26 (Mar 31, 2026)	Q1 FY26 (Jun 30, 2025)	FY26 (Mar 31, 2026)
Revenue from Operations:	736.92	700.51	615.91	2,710.59
Other Income:	28.95	40.93	37.17	136.56
Total Income:	765.87	741.44	653.08	2,847.15
Total Expenses:	728.14	681.92	657.86	2,706.37
Profit/(Loss) Before Tax:	37.73	68.41	(4.84)	137.28
Total Tax Expense/(Credit):	18.16	9.05	(9.63)	24.77
Profit for the Period:	19.57	59.36	4.79	112.51
Basic EPS (INR):	0.17	0.52	0.05	1.05
Diluted EPS (INR):	0.17	0.51	0.05	1.02

Contribution Margin held at 72.3%, with total segment contribution margin of ₹532.62 crores for the quarter. Adjusted EBITDA reached ₹126 crores at a 17.1% margin. The platform processed approximately ₹4.22 lakh crores (~$45 Bn) in Gross Transaction Value (GTV) during the quarter, with 201 crore transactions processed.

Standalone Financial Performance

On a standalone basis, Pine Labs recorded revenue from operations of ₹535.00 crores in Q1 FY27, compared to ₹427.27 crores in Q1 FY26. Standalone profit for the period stood at ₹43.66 crores versus ₹28.16 crores in the year-ago quarter.

Segment Performance

Pine Labs operates two reportable segments: Digital Infrastructure and Transaction Platform and Issuing and Acquiring Platform. The consolidated segment revenue for Q1 FY27 is detailed below (amounts in INR crores):

Segment:	Q1 FY27	Q4 FY26	Q1 FY26	FY26
Digital Infrastructure & Transaction Platform Revenue:	499.12	466.12	434.37	1,836.82
Issuing & Acquiring Platform Revenue:	237.80	234.39	181.54	873.77
Total Segment Revenue:	736.92	700.51	615.91	2,710.59

The Issuing and Acquiring Platform segment reported revenue growth of 31% YoY, with India up 24% and International up 47%. International revenue grew 21% YoY to ₹114 crores, representing approximately 16% of consolidated revenue, spanning 22 countries.

Key Business Highlights

Digital Checkout Points grew 18% YoY to 21.7 lakhs, with 70%+ of transactions flowing through UPI.
Mid-market segment accelerated 40%+ YoY with 1.3 lakh+ Digital Checkout Points added.
Flow, Affordability, and Transaction Processing GTV grew 54%+ YoY to ₹91,000 crores; UPI GTV accelerated 80%+ YoY.
International: Scaling of payment application with GCash in the Philippines (~20,000 deployments); new affordability programs in UAE and Singapore; expanded airline prepaid partnerships with British Airways and TAROM (Romania).
Gaming gift-card solutions went live with brands including Xbox, Roblox, and Nintendo.

Acquisition of Shopflo Technologies

During the quarter ended June 30, 2026, Pine Labs acquired a 100% equity stake in Shopflo Technologies Private Limited on a fully diluted basis from the selling shareholders, for a cash consideration of INR 88.00 crores (including deferred consideration). Shopflo is engaged in the development, deployment, operation, and commercialisation of a direct-to-consumer Checkout Platform. The Group consolidated Shopflo's financial results with effect from May 26, 2026. Shopflo Checkout drove ₹400+ crores of D2C and SMB volumes in the quarter.

What the Numbers Show

The significant jump in PAT from a loss position in Q1 FY26 to a profit of ₹19.57 crores highlights improved cost management alongside top-line growth. While other income declined slightly from ₹37.17 crores to ₹28.95 crores, the core operational profitability strengthened, evidenced by the swing in PBT from a loss of ₹4.84 crores to a profit of ₹37.73 crores. The international expansion continues to be a key growth driver, contributing nearly one-sixth of total revenue with robust double-digit growth rates.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.68%	-5.94%	+5.26%	-22.34%	-37.18%	-37.18%

Pine Labs has communicated expectations of improved margins in the upcoming quarters and for the full year FY27, with the company anticipating that these gains will result in enhanced EBITDA margins.

Margin Outlook

The company has indicated a positive trajectory for its profitability metrics, specifically highlighting expectations of margin improvement across upcoming quarters. This guidance extends to the full year FY27, with Pine Labs projecting that the improvement in margins will contribute to enhanced EBITDA margins over the period.

Parameter:	Details
Outlook Period:	Upcoming quarters and full year FY27
Expected Development:	Improved margins
Projected Impact:	Enhanced EBITDA margins

The company's guidance reflects an anticipated improvement in operational efficiency and profitability metrics for the stated period. No additional financial figures or specific quantitative targets were disclosed in the available source data.