Pine Labs reported consolidated revenue from operations of ₹736.92 crores for the quarter ended 30 June 2026, marking 20% year-on-year (YoY) growth compared to ₹615.91 crores in Q1 FY26. Profit After Tax (PAT) rose approximately 4x to ₹19.57 crores from ₹4.79 crores in the same quarter last year, while Profit Before Tax swung to a positive ₹37.73 crores from a loss of ₹4.84 crores in Q1 FY26. The Board of Directors approved these unaudited standalone and consolidated financial results at its meeting held on 28 July 2026.

Consolidated Financial Performance

The following table summarises Pine Labs' consolidated financial results for the quarter ended 30 June 2026 compared to the prior quarter and year-ago period (amounts in INR crores):

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 and 21.7 lakh Digital Checkout Points—up 18% YoY.

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. The following table presents the standalone results (amounts in INR crores):

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):

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
• Online merchants: 40+ new online merchants added in Q1 across quick commerce, e-commerce, D2C, travel, and enterprise
• 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
• Number of Merchants: 11.5 lakh

Acquisition of Shopflo Technologies

During the quarter ended 30 June 2026, Pine Labs acquired 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, offering e-commerce enablement services and solutions. The Group consolidated Shopflo's financial results with effect from 26 May 2026. Shopflo Checkout drove ₹400+ crores of D2C and SMB volumes in the quarter.

Employee Stock Options

Under the Pine Labs Employee Stock Option Plan 2025, the following activity was recorded during the quarter ended 30 June 2026:

The unaudited standalone and consolidated financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on 28 July 2026. The statutory auditor B S R & Co. LLP conducted a limited review of both the standalone and consolidated financial results for the quarter ended 30 June 2026.

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.

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.