New Delhi, May 26(CXO Media): Pine Labs returned to profit in FY26. The fintech company reported a consolidated profit after tax of Rs 112.5 crore for the financial year ended March 31, 2026, reversing a loss of Rs 145.5 crore in FY25, helped by higher revenue, stronger cash generation and improved operational performance.
Pine Labs posted consolidated revenue from operations of Rs 2,710.6 crore in FY26, up 19% from Rs 2,274.3 crore a year ago. Total income rose to Rs 2,847.2 crore, reflecting steady growth in its payments and merchant services business.
The company also delivered a stronger March quarter. Revenue for Q4 FY26 increased 17% year-on-year to Rs 700.5 crore, while quarterly net profit stood at Rs 59.4 crore, compared with a loss of Rs 28.9 crore in the same period last year.
Pine Labs reported a sharp rise in operating cash flow, which increased to Rs 395.4 crore in FY26 from Rs 49.7 crore in FY25. Cash and cash equivalents also rose significantly to Rs 1,273.9 crore at the end of March 2026, indicating a stronger financial position.
Its Digital Infrastructure and Transaction Platform business remained the biggest revenue contributor, generating Rs 1,836.8 crore during the year, while the Issuing and Acquiring Platform business added Rs 873.8 crore.
The company also moved to expand its merchant commerce capabilities in April by signing an agreement to acquire Shopflo Technologies, a D2C checkout platform, for Rs 88 crore, subject to conditions.
Chief Executive Officer Amrish Rau said Pine Labs continued to gain transaction volume and merchants, while signalling further monetisation opportunities as the company scales.
