Pine Labs Share Price in Focus; Revenue Up 18% YoY in Q2 FY26 Results

Pine Labs Limited, the global fintech platform, announced a strong set of financial results for the quarter ended September 30, 2025 (Q2 FY26).

Revenue Growth and Improving Profitability

Revenue from Operations rose 18% year-on-year to ₹650 crore, driven by robust performance across issuing, affordability and online payments. These segments continued to grow faster than the in-store payments business, in line with Pine Labs’ strategic focus on high-margin areas.

Profitability metrics showed a significant jump. Contribution margin increased 21% YoY to ₹497 crore, reflecting stronger monetisation across the platform. Adjusted EBITDA surged 62% YoY to ₹122 crore, with margins improving from 14% in Q2 FY25 to 19% in Q2 FY26. The improvement was aided by a favourable business mix and controlled employee expenses.

The company posted a Profit After Tax of ₹6 crore, marking a turnaround from a loss of ₹32 crore in the same quarter last year. This improvement was driven by lower ESOP-related charges and reduced depreciation expenses.

Strong Scale Expansion

Pine Labs recorded its highest-ever quarterly Gross Transaction Value (GTV), crossing $48 billion (₹424 thousand crore), a sharp 92% increase year-on-year. The surge in GTV highlights the growing consumer adoption of digital payments and strong transaction throughput across partner merchants.

Transaction volumes also expanded 44% YoY to reach 1.9 billion, underscoring deeper platform usage and increasing frequency across merchant categories. Pine Labs surpassed one million merchants on its platform, strengthening its merchant network in India and international markets.

The company continued to scale internationally, with overseas operations contributing 17% to quarterly revenues, up from 15% a year earlier.

Healthy Cash Flow Generation

Operational efficiency translated into strong cash flow. The company generated operating positive cash flow of ₹241 crore excluding early settlement and ₹152 crore including early settlement during Q2 FY26.

Pine Labs Share Price Performance

On December 4, 2025, Pine Labs share price (NSE: PINELABS) opened at ₹249.99, up from its previous close of ₹247.56. At 10:08 AM, the share price of Pine Labs was trading at ₹248.81, up by 0.50% on the NSE.

Also Read: Pine Labs Becomes First Payment Aggregator to Obtain All 3 RBI Payment Licenses!

Conclusion

Pine Labs delivered a solid performance in Q2 FY26 with revenue growth, improved margins, and record transaction volumes. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.