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Pine Labs posts Rs 42 Cr profit in Q3 FY26; revenue grows 24%

EntrackrEntrackr · 1d ago
Pine Labs posts Rs 42 Cr profit in Q3 FY26; revenue grows 24%
Medial

Fintech major Pine Labs announced its financial results for Q3 FY26 after debuting on Indian stock exchanges in the same quarter. The firm’s revenue increased by 24% during the third quarter, while it remained profitable in the same period. The company’s revenue from operations increased to Rs 744 crore in Q3 FY26 from Rs 601 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 36 crore, which drove its total income to Rs 780 crore for the quarter. For the nine-month period ending December 2025, the firm’s revenue increased 20% to Rs 2,010 crore from Rs 1,676 crore, a year earlier. On the expense side, employee benefit was the largest cost centre, which accounted for 37% of the total expense. This cost increased by 5% to Rs 263 crore in Q3 FY26 from Rs 251 crore in Q3 FY25. Cost of material rose 51% to Rs 104 crore in Q3 FY26 from Rs 69 crore in Q3 FY25. Finance cost and depreciation cost were other overheads which led to the total expense to increase by 13% to Rs 705 crore in Q3 FY26. Pine Labs entered profitability on the back of steady growth and disciplined cost control, reporting a net profit of Rs 42 crore in Q3 FY26 versus a loss of Rs 57 crore in Q3 FY25. For the nine-month period, the company posted a profit of Rs 53 crore. Pine Labs made a positive debut on the public markets, listing at a 9.5% premium over its issue price. The stock opened at Rs 242 per share against the IPO price of Rs 221, giving the Peak XV-backed firm a stable start on the NSE and BSE. Earlier this month, Pine Labs received RBI approval to fully acquire RBI-licensed account aggregator Agya Technologies, increasing its stake to 100% from its previous associate company status. The company’s share is trading at Rs 233, giving it a market capitalization of Rs 26,736 crore (approximately $2.9 billion).

Pine Labs delivers back-to-back profitable quarters

EntrackrEntrackr · 1m ago
Pine Labs delivers back-to-back profitable quarters
Medial

Pine Labs announced its financial results for Q2 FY26 after debuting on Indian stock exchanges earlier last month. The firm’s revenue increased by 18% during the second quarter, while the firm remained profitable in the same period. The company’s revenue from operations increased to Rs 650 crore in Q2 FY26 from Rs 551 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 23 crore, which drove its total income of Rs 673 crore for the quarter. However, for the six-month period ending September 2025, the firm’s revenue increased 18% to Rs 1,266 crore in H1 FY26 from Rs 1,074 crore in H1 FY25. On the expense side, employee benefit was the largest cost centre, which accounted for 40% of the total expense. This cost increased by 4% to Rs 268 crore in Q2 FY26 from Rs 258 crore in Q2 FY25. Cost of material rose 4% to Rs 81 crore in Q2 FY26 from Rs 78 crore in Q2 FY25. Finance cost, depreciation cost were other overheads which led to the total expense increasing by 8% to Rs 662 crore in Q2 FY26. Pine Labs sustained its profitability on the back of steady growth and disciplined cost control, reporting a net profit of Rs 6 crore in Q2 FY26 versus a loss of Rs 32 crore in Q2 FY25. For the half-year period, the company posted a profit of Rs 11 crore in H1 FY26, a marked improvement from the Rs 60 crore loss recorded in H1 FY25. The company also secured three key licences from the RBI, for payment aggregation, payment gateway operations, and cross-border payments, covering both offline and online merchant transactions. These approvals allow Pine Labs to process domestic and international payments, manage settlements, and further expand its merchant network across sectors. The IPO, which closed on November 11, raised around Rs 3,900 crore, comprising a mix of fresh issuance and an offer for sale by existing shareholders. While institutional investors drove the bulk of the demand, retail participation remained modest. Pine Labs made a positive debut on the public markets, listing at a 9.5% premium over its issue price. The stock opened at Rs 242 per share against the IPO price of Rs 221, giving the Peak XV-backed firm a stable start on the NSE and BSE. At the end of today’s trading period, the company’s share traded at Rs 247, giving it a market capitalization of Rs 28,360 crore (approx $3 billion).

Pine Labs rewards CEO Amrish Rau with Rs 243 Cr ESOPs ahead of market debut

EntrackrEntrackr · 2m ago
Pine Labs rewards CEO Amrish Rau with Rs 243 Cr ESOPs ahead of market debut
Medial

url: https://entrackr.com/news/pine-labs-rewards-ceo-amrish-rau-with-rs-243-cr-esops-ahead-of-market-debut-10617990. Content: Pine Labs has filed its RHP for a Rs 3,900 crore IPO. In the past four months, it added ESOPs worth Rs 564.75 crore, including Rs 243 crore granted to CEO Amrish Rau. Merchant payments and lending platform Pine Labs has filed its RHP for a Rs 3,900 crore IPO. In the past four months, the company added ESOPs worth Rs 564.75 crore, with a large portion valued at Rs 243 crore granted to their Chief Executive Officer, Amrish Rau. According to its RHP, Pine Labs had an ESOP pool of 6.15 crore options valued at Rs 1,360 crore as of June 30, 2025. Over the following four months (July 1 to November 1), the company granted an additional 2.55 crore options, expanding the total pool to 8.7 crore. Of these, 2.75 crore options were exercised and converted into equity shares at exercise prices ranging from Rs 5.4 to Rs 156. Some options were forfeited or lapsed during the period, leaving Pine Labs with 5.89 crore as a total outstanding ESOP options valued at around Rs 1,300 crore ($148 million). Of the 2.55 crore options granted in the past four months, 1.1 crore were allotted to CEO Amrish Rau, with the remainder going to other key managerial personnel. According to the red herring prospectus, before June 2025, Rau had already had 2.31 crore options, bringing his total to 3.41 crore worth Rs 755.6 crore. Pine Labs’ Rs 3,900 crore IPO includes a fresh issue of equity shares worth Rs 2,080 crore and an offer for sale (OFS) of up to 8.23 crore shares valued at Rs 1,820 crore by existing shareholders. In the OFS, early backer Peak XV is set to receive around Rs 508.4 crore, earning a return of nearly 40x on its investment. Other shareholders, including Madison India, Sofina Ventures, Temasek, PayPal, Mastercard, Invesco, and Lone Cascade, will also participate in the share sale. Pine Labs recorded a 28.5% year-on-year rise in revenue to Rs 2,274 crore in FY25, up from Rs 1,769 crore in FY24, while its net loss narrowed by 57% to Rs 145 crore. Notably, the company turned profitable in the first quarter of FY26, reporting a net profit of Rs 4.7 crore on revenue of Rs 616 crore.

Pine Labs partners UAE’s Wio Bank to build payment acquiring system

EntrackrEntrackr · 3d ago
Pine Labs partners UAE’s Wio Bank to build payment acquiring system
Medial

Pine Labs partners UAE’s Wio Bank to build payment acquiring system Fintech unicorn Pine Labs has partnered with UAE-based digital lender Wio Bank to build a new payment acquiring system for the bank. As part of the deal, Wio Bank will use Pine Labs’ acquiring platform, Credit+, to run its merchant payment operations. The partnership will help Wio Bank onboard merchants faster, offer real-time settlements, and support multiple payment modes across online and offline channels. Credit+ will manage the full merchant lifecycle, including onboarding, payment processing, and settlements, through a cloud-based and API-led setup. This will allow Wio Bank to launch new features quickly and handle large payment volumes securely. Wio Bank is a digital-first bank in the Middle East serving individuals and businesses. It is backed by ADQ, Alpha Dhabi, and First Abu Dhabi Bank. The partnership strengthens its payments offering for merchants in the region. For Pine Labs, the tie-up adds to its presence in the Middle East. The company works with banks and enterprises to modernise payment systems and currently operates across India, Southeast Asia, the Middle East, Africa, Australia, and the US. This development follows Pine Labs' successful acquisition of all three digital payment licences from the Reserve Bank of India (RBI). These licences cover offline payments, online merchant payments, and cross-border transactions, enabling the company to offer a complete range of digital payment services across all merchant interaction points. Pine Labs’ revenue increased to Rs 650 crore in Q2 FY26 from Rs 551 crore in the same quarter last year. Pine Labs reported a net profit of Rs 6 crore in Q2 FY26 versus a loss of Rs 32 crore in Q2 FY25.

Pine Labs-owned Setu to acquire 100% stake in Agya Technologies

EntrackrEntrackr · 9d ago
Pine Labs-owned Setu to acquire 100% stake in Agya Technologies
Medial

Pine Labs-owned Setu to acquire 100% stake in Agya Technologies Fintech unicorn Pine Labs plans to fully consolidate its ownership in RBI-licensed account aggregator Agya Technologies through its fintech infrastructure arm, Setu. According to a regulatory filing, the RBI has approved Setu (BrokenTusk Technologies Pvt Ltd) to increase its stake to 100% in Agya Technologies Pvt Ltd, which until now has operated as an associate company of Setu. Pine Labs already has around 25% stake in Agya Technologies and the company plans to complete the acquisition of the remaining stake in the near term, potentially in one or more tranches, according to the filing. This development follows Pine Labs' successful acquisition of all three digital payment licences from the Reserve Bank of India (RBI). These licences cover offline payments, online merchant payments, and cross-border transactions, enabling the company to offer a complete range of digital payment services across all merchant interaction points. On the financial front, Pine Labs’ revenue increased to Rs 650 crore in Q2 FY26 from Rs 551 crore in the same quarter last year. Pine Labs reported a net profit of Rs 6 crore in Q2 FY26 versus a loss of Rs 32 crore in Q2 FY25. Pine Labs made a positive debut on the public markets, listing at a 9.5% premium over its issue price. The stock opened at Rs 242 per share against the IPO price of Rs 221, giving the Peak XV-backed firm a stable start on the NSE and BSE. The company’s share is trading at Rs 240.85, giving it a market capitalization of Rs 26,406 crore (approx $2.9 billion).

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