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Pine Labs
158.
34
+2.37
(+1.52%)
Market Cap
₹18,181.81 Cr
PE Ratio
742.86
Industry
Financial Services
Buy
Sell
Company Performance:
1D
+1.52%
1M
-10.30%
6M
-36.89%
1Y
-36.89%
5Y
-36.89%
View Company Insights
Latest news about Pine Labs
Pine Labs President & Chief Business Officer Navin Chandani Resigns Effective April 2026
7 hrs ago
Today
Pine Labs Limited announced the resignation of President & Chief Business Officer Navin Ashokkumar Chandani, effective April 06, 2026. Chandani submitted his resignation letter on February 14, 2026, citing his decision to pursue career opportunities outside the company. The disclosure was made in full compliance with SEBI regulations, with proper notifications sent to BSE and NSE exchanges.
Pine Labs Limited Receives Quarterly Compliance Certificate for Q4FY26
7 hrs ago
Today
Pine Labs Receives ₹3.10 Lakh RBI Penalty for PPI KYC Violations
10 days ago
Pine Labs Initiates Voluntary Strike-Off of Inactive Subsidiary Mopay Services Private Limited
10 days ago
Jefferies Maintains Buy Rating on Pine Labs, Cuts Target Price to Rs 260
Mar 23, 2026
More news about Pine Labs
17
Mar 26
Pine Labs schedules one-on-one investor meetings in Hong Kong for March 23-24, 2026
Pine Labs Limited has scheduled one-on-one investor meetings for March 23-24, 2026 in Hong Kong, as announced in a regulatory filing dated March 17, 2026. The physical meetings will be conducted without disclosure of any unpublished price sensitive information, ensuring regulatory compliance. Meeting details are available on the company's investor relations website.
25
Feb 26
SBI Mutual Fund Acquires 5.0147% Stake in Pine Labs, Triggers SEBI Disclosure Requirements
SBI Mutual Fund crossed the 5% shareholding threshold in Pine Labs Limited after acquiring 2,40,000 shares on February 23, 2026, through market purchase. The acquisition increased the fund's total holding to 5,75,82,504 shares, representing 5.0147% of Pine Labs' paid-up share capital. This transaction triggered mandatory disclosure requirements under SEBI regulations, with formal notification submitted to Pine Labs and both stock exchanges on February 24, 2026.
23
Feb 26
Pine Labs Secures Multi-Year Digital Payment Contracts with BPCL, HPCL, and IOCL
Pine Labs has won landmark multi-year contracts with India's three leading Oil Marketing Companies - BPCL, HPCL, and IOCL - to deploy and manage 130,000 digital payment devices across petrol pumps nationwide. The company will also manage IOCL's XTRAPOWER loyalty platform serving fleet operators, demonstrating its expanded capabilities in digital payment infrastructure and customer engagement solutions.
17
Feb 26
Pine Labs Shareholders Approve ESOP Plan and Key Corporate Resolutions via Postal Ballot
Pine Labs Limited successfully completed its postal ballot process on February 17, 2026, with shareholders approving four key resolutions through remote e-voting. The ESOP Plan 2025 ratification received 87.40% approval, while the extension of ESOP benefits to subsidiary employees garnered 87.41% support. The appointment of secretarial auditor and creation of charges on company properties both achieved overwhelming 99.99% approval rates, demonstrating strong shareholder confidence in the company's governance initiatives.
30
Jan 26
Pine Labs Invests ₹128.99 Crore In Subsidiary SFNPL Through Rights Issue
Pine Labs Limited has invested ₹128.99 crore in its wholly owned subsidiary Synergistic Financial Networks Private Limited through a rights issue subscription. The transaction involved acquiring 2,57,330 equity shares while maintaining complete ownership, with the investment aimed at meeting working capital requirements and pursuing growth opportunities in the financial technology segment.
28
Jan 26
Pine Labs submits Q3FY26 monitoring report showing ₹610.76 crore IPO proceeds utilization
Pine Labs Limited submitted its Q3FY26 monitoring agency report showing ₹610.76 crore utilization from its ₹2,080.00 crore IPO proceeds. The company completed debt repayment of ₹532.00 crore and utilized ₹78.76 crore for IPO expenses. The remaining ₹1,469.24 crore is invested in fixed deposits with major banks earning 5.25% to 6.40% returns. Funds for IT investments, subsidiary expansion, and general corporate purposes remain unutilized, indicating a measured deployment approach.
28
Jan 26
Pine Labs Partners with Pan Asia Bank to Deploy Credit Card Management Platform in Sri Lanka
Pine Labs Limited has partnered with Pan Asia Banking Corporation to deploy its Credit+ platform for comprehensive credit card management in Sri Lanka. The API-first, cloud-native system will handle the complete card lifecycle including issuance, activation, billing, processing, and settlement while integrating seamlessly with existing banking infrastructure. This marks Pine Labs' second major banking partnership in Sri Lanka within recent months, strengthening its regional presence as banks embrace modern alternatives to legacy card systems.
28
Jan 26
Pine Labs Reports Strong Q3 Turnaround with ₹420 Million Net Profit
Pine Labs reported consolidated net profit of ₹420 million in Q3, representing a dramatic turnaround from ₹570 million loss in the same quarter previous year. The ₹990 million improvement demonstrates significant operational recovery and enhanced financial performance, positioning the fintech company strongly for continued growth.
26
Jan 26
Pine Labs Partners with UAE's Wio Bank to Modernise Merchant Acquiring Infrastructure
Pine Labs Limited has formed a strategic partnership with UAE's Wio Bank to modernise merchant acquiring infrastructure using the Credit+ platform. The collaboration will enable faster merchant onboarding, real-time settlements, and seamless payment acceptance through cloud-native, microservices-based technology. This partnership supports the UAE's transition toward a cashless economy and strengthens both companies' positions in the Middle East's digital banking sector.
23
Jan 26
Pine Labs Invests ₹63.99 Crores in Wholly Owned Subsidiary BrokenTusk Technologies
Pine Labs Limited invested ₹63.99 crores in wholly owned subsidiary BrokenTusk Technologies Private Limited through rights issue on January 23, 2026. The cash investment acquired 4.83 crore equity shares while maintaining 100% ownership. BTPL, a fintech company providing payment solutions through APIs, has shown strong growth with turnover rising from ₹14.24 crores in 2023 to ₹66.62 crores in 2025. The investment supports working capital needs and growth opportunities.
20
Jan 26
Pine Labs Limited Schedules Board Meeting and Earnings Call for Q3FY26 Results on January 28, 2026
Pine Labs Limited has scheduled its Board of Directors meeting for January 28, 2026, to approve Q3FY26 unaudited financial results for the quarter and nine months ended December 31, 2025. The company will also conduct an investors and analysts conference call at 6:00 P.M. IST on the same day via video conference to discuss the financial performance. This announcement was made in compliance with SEBI regulations, with details communicated to BSE and NSE on January 20, 2026.
20
Jan 26
RBI Approves Setu's Complete Acquisition of Agya Technologies as NBFC-AA
The Reserve Bank of India has approved Setu's full acquisition of Agya Technologies, with the target company receiving official recognition as a Non-Banking Financial Company - Account Aggregator (NBFC-AA). The regulatory clearance enables the transaction to proceed to closing, representing a strategic consolidation in India's fintech sector. The deal positions Setu to expand its presence in the account aggregation space through complete ownership of the newly classified NBFC-AA entity.
24
Dec 25
Jefferies Initiates Coverage on Pine Labs with ₹300 Target; Sees 28% Upside Potential
Jefferies has initiated coverage on Pine Labs with a 'buy' rating and ₹300 price target, citing 28.50% upside potential. The brokerage projects 23% revenue CAGR over FY25-28 and expects EBITDA margins to expand from 15% to 27%. Pine Labs holds dominant market positions with 70-75% share in closed-loop cards and 90-95% in EMI at physical stores, positioning it well to capitalize on India's expanding digital commerce ecosystem.
24
Dec 25
Jefferies Initiates Buy Rating on Pine Labs with Target Price of ₹300
Investment firm Jefferies has initiated coverage on Pine Labs with a Buy rating and a target price of ₹300.00 per share. This positive recommendation suggests Jefferies views Pine Labs favorably within the fintech sector and expects the stock to outperform.
23
Dec 25
Morgan Stanley Initiates Pine Labs Coverage with Equal-Weight Rating and ₹260 Price Target
Morgan Stanley has begun research coverage on Pine Labs Limited, a prominent Indian fintech company. The global investment bank assigned an 'Equal-weight' rating to Pine Labs' stock with a price target of ₹260.00. This neutral stance suggests the stock is expected to perform in line with market or sector benchmarks. The coverage initiation by Morgan Stanley is significant for Pine Labs, potentially increasing institutional investor interest and market visibility.
17
Dec 25
Pine Labs Board Approves Secretarial Auditors Appointment and Postal Ballot Resolutions
Pine Labs Limited announced key board decisions from its December 17, 2025 meeting, including the appointment of M/s. Makarand M. Joshi Co. as secretarial auditors for a five-year term and approval of postal ballot resolutions covering ESOP scheme amendments, subsidiary employee benefits, and property charge creation, all subject to shareholder approval under SEBI regulatory compliance.
09
Dec 25
Pine Labs' Setu Expands Digital Payment Capabilities with AI Integration
Pine Labs' subsidiary Setu has integrated its bill payment services with AI platforms ChatGPT and Claude. The new feature offers a conversational interface for bill payments, making the process more intuitive and user-friendly. This integration aims to simplify bill payments, increase digital payment adoption, and enhance user engagement through interactive experiences. Setu, a brand of Broken Tusk Technologies Private Limited, is wholly owned by Pine Labs Limited and specializes in API-enabled technology platforms for digital public infrastructure solutions.
09
Dec 25
Pine Labs Reports Record Q2 FY26 Results with 18% Revenue Growth and Second Consecutive Profitable Quarter
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.
Pine Labs
158.
34
+
2.
37
(+
1.
52
%)
1 Year Returns:
-36.89%
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