Pine Labs posts profit, 1st profitable quarter since March 2024
Pine Labs just pulled off a solid comeback, posting a ₹42 crore profit in the quarter ending March 2026 (Jan-Mar 2026) after losing ₹57 crore in the same quarter in 2025 (Jan-Mar 2025).
This is their first profitable quarter since March 2024. That's not just a recovery: it's over seven times what they made in the previous quarter (Oct-Dec 2025).
Their revenue also rose 24% year-on-year to ₹744 crore compared with the same quarter in 2025, thanks to festive shopping sprees.
The numbers behind their success
People are clearly swiping more: Pine Labs handled ₹4.5 lakh crore ($50 billion) in transactions—a 29% jump from 2025 (i.e., compared with the same period in 2025)—with 193 crore transactions across nearly 2 million digital checkpoints.
Their margin improved to 23%, even as expenses rose due to one-off costs like labor provisions and acquisition charges.
Pine Labs proves that smart growth trumps all
While many fintechs chase growth at any cost, Pine Labs is showing you can scale up and stay profitable.
Their steady strategy is helping them stand out as a leader in India's digital payments scene, proof that smart growth can actually pay off.