Pine Labs, a fintech company, announced to stock exchanges on January 28 that its higher margin business performed well, resulting in a consolidated net profit of Rs 42 crore in the December quarter as opposed to a loss of Rs 57 crore in the same quarter of the prior fiscal year.
Pine Labs Q3 FY26 Financial Performance
After reporting a net profit of Rs 6 crore in Q2 of the same fiscal year (July-September, 2025), the company’s net profit for Q3 FY26 increased sequentially. Due to the festive sales in October, the company’s third quarter is a seasonally good quarter.
Margin Expansion and Cost Control
According to a statement from the firm, Pine Labs, which went public on the stock market last year, also experienced reduced depreciation, amortization, and a stable Employee Stock Option Plan, which enabled the business increase its margin from 18% to 23%.
Because of the new labor laws, the company reported a one-time expense of Rs 10 crore; otherwise, its net profit for the quarter would have been Rs 52 crore.
📊 Pine Labs Q3 FY26 Key Financials
- Net Profit: Rs 42 crore
- Previous Year Q3: Rs 57 crore loss
- Sequential Growth: Up from Rs 6 crore in Q2 FY26
- Operational Revenue: Rs 744 crore
- Margin Expansion: Increased from 18% to 23%
- One-Time Expense: Rs 10 crore due to new labor laws
Revenue Growth and Business Momentum
Consolidated operational revenue for the Gurugram-based fintech company increased by 24% to Rs 744 crore in Q3 from Rs 602 crore in Q3 of FY 25. Pine Labs reported operating revenue of Rs 673 crore for the September quarter of the current fiscal year.
Client Additions and Product Launches
Honeywell, Carrier, Philips, Waymo, Miniso, Blinkit, and other major clients have joined the organization. Additionally, it introduced new payment services like Apple Pay, UPI Autopay, mAadhaar, and agentic bill payments.
Additionally, Pine Labs introduced a co-branded prepaid program with Zoho and Pazy, two expenditure management platforms.
💳 Pine Labs Payment Platform Growth
- Gross Transaction Value: $50 billion (Rs 4.5 lakh crore)
- Year-on-Year Growth: 29%
- Transaction Volume Growth: 23%
- Infrastructure: Physical and digital payments
- Quarter Highlight: Highest-ever quarterly volumes
Transaction Volume and Platform Scale
The gross transaction value of the payment platform increased by 29% year over year to $50 billion, or Rs 4.5 lakh crore, the greatest quarterly volumes for the company’s physical and digital infrastructure. Throughout the quarter, the volume of transactions likewise increased by 23%.
Frequently asked questions
1. What was the net profit for Pine Labs in the third quarter of FY26?
After reporting a loss of Rs 57 crore in the same period the previous year, Pine Labs reported a consolidated net profit of Rs 42 crore in Q3 FY26. This represents a sequential increase from Rs 6 crore in Q2 FY26.
2. What was this quarter’s revenue performance?
Consolidated operational income for the company increased by 24% year over year to Rs 744 crore from Rs 602 crore in the third quarter of FY25. Revenue also rose sequentially from Rs 673 crore in the second quarter of FY26.
3. What elements helped to increase profitability?
Strong sales during the holiday quarter, reduced depreciation and amortization, improved margins (from 18% to 23%), and a solid employee stock option plan all contributed. The new labor laws came at a one-time cost of Rs 10 crore; otherwise, net profit would have been Rs 52 crore.
4. What are some of the quarter’s major business highlights?
Honeywell, Philips, Waymo, Blinkit, Miniso, and Carrier are among the new major clients I signed.
introduced additional payment options, including UPI Autopay, Apple Pay, mAadhaar, and agentic bill payments.
co-branded prepaid plans with Pazy and Zoho.
The company’s gross transaction value (GTV) reached $50 billion (Rs 4.5 lakh crore), a 29% YoY increase.
5. What is the business forecast for Pine Labs?
The business is signing big clients, developing new payment solutions, and growing its physical and digital payment infrastructure. The impressive results of Q3 point to a solid growth momentum for the following quarters.
Conclusion
Pine Labs has successfully turned a profit in the third quarter of FY26 thanks to record transaction volumes, increased margins, and robust revenue growth. The fintech company is well-positioned for long-term growth in India’s digital payments ecosystem because to its robust client pipeline, cutting-edge payment tools, and effective operations.
Disclaimer
This article is for informational purposes only and does not constitute financial, investment, or legal advice.
