Pine Labs Reports First Quarterly Profit Ahead of Anticipated IPO
Pine Labs, an online payments company, has achieved its first quarterly net profit as it prepares for its initial public offering (IPO). The company reported a net profit of ₹4.80 crore in Q1, with revenue growing 17.80% year-on-year to ₹615.00 crore. For FY25, Pine Labs saw a 28.55% increase in operating revenue to ₹2,274.00 crore and reduced its net loss by 57.48% to ₹145.00 crore. The company's adjusted EBITDA more than doubled to ₹356.00 crore. Pine Labs serves 954,000 merchants, partners with 198 financial institutions, and processed ₹3.83 lakh crore in gross transaction value in Q1. The upcoming IPO aims for a valuation between ₹33,400.00 crore to ₹41,700.00 crore, offering fresh shares worth ₹2,600.00 crore and an offer for sale of 147.80 million shares.
*this image is generated using AI for illustrative purposes only.
Online payments company Pine Labs has reported its first quarterly net profit, marking a significant milestone as it prepares for its initial public offering (IPO). The fintech firm's financial performance shows promising growth and improved profitability, potentially bolstering investor confidence ahead of its public debut.
Financial Highlights
Pine Labs demonstrated strong financial performance in the recent fiscal year:
| Metric | FY25 | FY24 | Change |
|---|---|---|---|
| Operating Revenue | ₹2,274.00 crore | ₹1,769.00 crore | 28.55% |
| Net Loss | ₹145.00 crore | ₹341.00 crore | -57.48% |
| Adjusted EBITDA | ₹356.00 crore | ₹158.00 crore | 125.32% |
Q1 Performance
The company achieved a notable turnaround in the first quarter:
- Net Profit: ₹4.80 crore (first quarterly profit)
- Revenue: ₹615.00 crore (17.80% year-on-year growth)
Operational Metrics
Pine Labs has shown significant scale in its operations:
- Financial Institution Partnerships: 198
- Merchant Base: 954,000
- Gross Transaction Value (Q1): ₹3.83 lakh crore
Upcoming IPO Details
Pine Labs is preparing for its public offering with the following key points:
- Target Valuation: ₹33,400.00 crore to ₹41,700.00 crore
- IPO Structure:
- Fresh shares worth ₹2,600.00 crore
- Offer for sale of 147.80 million shares
The company's transition to profitability, coupled with its robust growth in revenue and operational metrics, may position it favorably for the upcoming IPO. Investors might view the improved financial performance as a positive indicator of the company's potential in the competitive fintech landscape.
As Pine Labs prepares to go public, market observers will likely keep a close eye on how its recent profitability and growth trajectory may translate into investor interest and valuation during the IPO process.
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