Pine Labs Profit Jumps 6.5x, Revenue Reaches ₹806 Crore

Pine Labs’ Q2 FY27 consolidated net profit rose more than sixfold to about ₹38.6 crore, while operating revenue increased 24% year over year to ₹806.2 crore. EBITDA grew 67.3% to ₹126 crore, with a 15.6% margin, while adjusted EBITDA rose 27% to ₹155 crore, with a 19% margin. Revenue included ₹532 crore from its digital infrastructure and transaction platform and ₹275 crore from issuing and acquiring, which grew 31%; the company also reported about $46.5 billion in gross transaction value and roughly 40% revenue growth in Southeast Asia. Growth also included expansion in its mid-market digital checkout base and online payments and UPI activity; Pine Labs said transactions above ₹2,000 account for more than 65% of its UPI gross transaction value. CEO Amrish Rau said the company aims to sustain revenue growth of 21–23% and EBITDA margins above 20% while investing in products and markets. Shares rose as much as 7.5% intraday before giving back some gains.