Internet Software & Services company Pine Labs announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from Operations: The consolidated revenue for FY26 stood at Rs 2,710.59 crore, representing a YoY growth of 19.19% compared to Rs 2,274.27 crore in FY25. For Q4FY26, revenue was Rs 700.51 crore, an increase of 17.02% YoY from Rs 598.64 crore in Q4FY25, and a decrease of 5.88% QoQ from Rs 744.27 crore in Q3FY26. Total Income: For the full year FY26, total income reached Rs 2,847.15 crore, up 22.35% YoY from Rs 2,327.09 crore. Q4FY26 total income was Rs 741.44 crore, growing 21.44% YoY from Rs 610.55 crore and declining 4.91% QoQ from Rs 779.72 crore. Profit After Tax (PAT): The company achieved its first full year of consolidated profitability with a PAT of Rs 112.51 crore in FY26, compared to a loss of Rs 145.49 crore in FY25. Q4FY26 PAT was Rs 59.36 crore, a significant improvement from a loss of Rs 28.91 crore in Q4FY25 and a 40.03% increase QoQ from Rs 42.39 crore in Q3FY26. Profit Before Tax: For FY26, profit before tax was Rs 137.28 crore against a loss of Rs 136.39 crore in FY25. Q4FY26 profit before tax was Rs 68.41 crore, compared to a loss of Rs 22.21 crore in Q4FY25 and an increase of 9.37% QoQ from Rs 62.55 crore in Q3FY26. Standalone Financial Highlights: Revenue from Operations: Standalone revenue for FY26 was Rs 1,926.09 crore, up 20.58% YoY from Rs 1,597.31 crore. In Q4FY26, revenue stood at Rs 515.42 crore, increasing 24.01% YoY from Rs 415.62 crore and decreasing 6.01% QoQ from Rs 548.40 crore. Total Income: Standalone total income for FY26 was Rs 2,098.38 crore, a 20.55% increase YoY from Rs 1,740.58 crore. For Q4FY26, it was Rs 572.23 crore, up 19.83% YoY from Rs 477.53 crore and down 4.44% QoQ from Rs 598.82 crore. Profit After Tax (PAT): Standalone PAT for FY26 grew by 434.90% YoY to Rs 149.88 crore from Rs 28.02 crore. Q4FY26 PAT was Rs 67.29 crore, up 78.44% YoY from Rs 37.71 crore and up 18.82% QoQ from Rs 56.63 crore. Profit Before Tax: Standalone profit before tax for FY26 was Rs 178.77 crore, up 394.93% YoY from Rs 36.12 crore. Q4FY26 profit before tax was Rs 89.84 crore, up 102.75% YoY from Rs 44.31 crore and up 19.85% QoQ from Rs 74.96 crore. Business Highlights: Pine Labs recorded its first full year of profitability with a consolidated PAT of Rs 113 crore for FY26. Operating cash flows reached Rs 395 crore for FY26, growing 8x year-on-year. Q4FY26 delivered Rs 676 crore in operating cash flow, the highest quarterly figure in the company’s history. Adjusted EBITDA for FY26 reached Rs 559 crore, growing 57% YoY, with margins expanding from 16% to 21% within the year. The company processed USD 194 billion in Gross Transaction Value (GTV) in FY26, growing 50% YoY. UPI volumes accelerated 68% and the platform is now enabling over 20 million daily transactions. International revenue crossed Rs 400 crore in FY26, growing at a 44% CAGR over the past three years, and now contributes approximately 15% of total revenue. Approximately 89% of the company’s code changes are currently contributed by AI agents. The company has expanded its footprint to 22 countries, including entry into the US market through the launch of prepaid programs. Segment-wise Performance: Digital infrastructure and transaction platform: This segment recorded a revenue of Rs 1,836.82 crore for FY26 and Rs 466.12 crore for Q4FY26. Issuing and acquiring platform: This segment recorded a revenue of Rs 873.77 crore for FY26 and Rs 234.39 crore for Q4FY26. Amrish Rau, Chief Executive Officer, Pine Labs. said: “These numbers tell us we are winning transactions, winning merchants, and winning in new markets,” "When GTV grows at 50% while revenue grows at 19%, it reflects the platform depth we have built —and it leaves significant monetisation headroom ahead of us.” "We are not just processing payments,” said Rau. "We are building the infrastructure layer that merchants, financial institutions, and brands will rely on to grow —in India and across the Global South. The fintech model Pine Labs has built at scale in Indiais exactly what emerging markets across Southeast Asia, the Middle East, and Africa are looking to adopt. Thatis a structural opportunity, and we intend to win it." Result PDF