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Pine Labs crosses Rs 800 Cr revenue in Q2 FY27; profit jumps 6.5X

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Pine Labs crosses Rs 800 Cr revenue in Q2 FY27; profit jumps 6.5X

Fintech major Pine Labs announced its financial results for the second quarter of the fiscal year ending March 2027 (Q2 FY27) today. The company reported a 24% year-on-year increase in operating revenue to over Rs 800 crore, while its net profit surged 6.5 times to Rs 39 crore during the quarter.

Pine Labs’ revenue from operations grew to Rs 806 crore in Q2 FY27 from Rs 650 crore in Q2 FY26, according to its financial statements sourced from the National Stock Exchange (NSE).

Pine Labs’ digital infrastructure and transaction platform remained its largest revenue contributor, with revenue growing 21% year-on-year to Rs 532 crore in Q2 FY27, which accounted for 66% of its total operating revenue. Meanwhile, its issuing and acquiring platform recorded 31% growth to Rs 275 crore during the same period.

The company added Rs 26 crore from non-operating activities, taking its total income to Rs 832 crore in Q2 FY27.

Employee benefits remained the largest cost centre for Pine Labs, accounting for around 35% of its overall expenditure. This cost remained flat at Rs 268 crore during the quarter.

The cost of materials, which includes the cost of POS machines, stood at Rs 116 crore in Q2 FY27, while transaction and related costs rose 45% to Rs 103 crore during the quarter. Overall, the company’s total expenditure increased 16% to Rs 770 crore in Q2 FY27 from Rs 662 crore in Q2 FY26.

5 times to Rs 39 crore in Q2 FY27 from Rs 6 crore in Q2 FY26.


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