Pine Labs Reports Record Q2 FY26 Results with 18% Revenue Growth and Second Consecutive Profitable Quarter

2 min read Updated on 03 Dec 2025, 04:54 PM

Reviewed by

Naman SScanX News Team

Overview

Pine Labs, a global fintech platform, has announced strong financial results for Q2 FY26. The company's net revenue increased by 18% year-over-year to ₹650 crores. Adjusted EBITDA grew by 64% to ₹122 crores, and the company turned profitable with a PAT of ₹6 crores. Pine Labs processed nearly ₹50 billion in Gross Transaction Value, served 1.9 million touchpoints, and surpassed 1 million merchants. The results highlight Pine Labs' expanding market presence and operational efficiency in the fintech sector.

*this image is generated using AI for illustrative purposes only.

Pine Labs , a leading global fintech platform, has reported record-breaking financial results for the second quarter of fiscal year 2026 (Q2 FY26), demonstrating robust growth and improved profitability. The company's performance highlights its expanding market presence and operational efficiency.

Key Financial Highlights

Metric	Q2 FY26	YoY Growth
Net Revenue	₹650 Cr	18%
Adjusted EBITDA	₹122 Cr	64%
Profit After Tax (PAT)	₹6 Cr	Turned profitable
Gross Transaction Value (GTV)	Nearly ₹50 Bn	-
Number of Touchpoints	1.9 million	-
Number of Merchants	Over 1 million	-

Revenue and Profitability

Pine Labs has shown impressive growth in its top-line and bottom-line performance. The company's net revenue increased by 18% year-over-year to reach ₹650 crores in Q2 FY26. This growth was achieved despite Q2 traditionally being a weaker quarter.

The company's profitability metrics have shown significant improvement:

Adjusted EBITDA: Grew by 64% YoY to ₹122 crores
Profit After Tax (PAT): Achieved ₹6 crores, marking the second consecutive profitable quarter
Contribution Margins: Grew 21% YoY

Operational Performance

Pine Labs continues to strengthen its market position:

Gross Transaction Value (GTV): Processed nearly ₹50 billion
Touchpoints: Served 1.9 million touchpoints
Merchant Base: Surpassed 1 million merchants

Conclusion

Pine Labs' Q2 FY26 results demonstrate the company's ability to drive growth while improving profitability, even during traditionally weaker quarters. The expansion of its merchant base, increased transaction volumes, and improved financial metrics all contribute to its strong performance. As Pine Labs continues to innovate and expand its fintech offerings, it is well-positioned to capitalize on the growing digital payments market both in India and internationally.

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