Pine Labs Q3 Results: Co swings to black with cons PAT of Rs 42 crore versus YoY loss; revenue rises 24%
This was Pine Lab’s second earnings since its listing in November.
The company’s profits jumped 600% on a sequential basis compared to Rs 6 crore in Q2FY26, while the revenue saw a 15% uptick QoQ from Rs 650 crore in the July-September quarter.
The company’s adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) was reported at Rs 171 crore, up 59% YoY, while EBITDA margin saw a 23% growth.
The contribution margin was up 19% YoY in the quarter under review to Rs 551 crore.
Platform GTV (Gross Transaction Value) grew 29% YoY to Rs 4.5 lakh crore with the highest ever quarterly volumes for both Digital Infrastructure and Transaction Platform and Issuing & Acquiring Platform.
The number of transactions grew 23% YoY to 192.6 crore.
“We recognise revenue on a netbasis, reflecting amounts retained after payment processing fees and pass-through charges payable to banks and
network partners. Certain peers in the payments industry continue to present revenues on a gross basis,” the company filing said.
Cash flow
Pine Labs’ Q3FY26 operating cash flow stood at negative Rs 124 crore (excluding early settlement) and negative Rs 152 crore, including early settlement.
Also read: Maruti Suzuki Q3 Results: Standalone PAT rises 4% YoY to Rs 3,794 crore; revenue jumps 29%
“The quarterly movement in working capital is driven by festive demand/higher transaction volumes in Q3, which is expected to normalise in the coming quarter,” the exchange filing said.
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