Highlights
Pine Labs Financial Results Q3 FY26
Pine Labs has reported its financial outcomes for Q3 FY26 after its debut on Indian stock exchanges within the same quarter. The Fintech company experienced a 24% increase in revenue during the third quarter while maintaining profitability.
Revenue Growth
The firm’s operational revenue rose to Rs 744 crore in Q3 FY26, up from Rs 601 crore in the same quarter last year, based on a financial statement from NSE. In addition, other income added another Rs 36 crore, bringing the total income for the quarter to Rs 780 crore. Over the nine months ending December 2025, Pine Labs’ revenue increased by 20%, reaching Rs 2,010 crore, compared to Rs 1,676 crore a year ago.
Expenditures Breakdown
On the expense front, employee benefits represented the largest portion, accounting for 37% of total expenses. This cost rose by 5%, amounting to Rs 263 crore in Q3 FY26, compared to Rs 251 crore in Q3 FY25. Meanwhile, material costs surged by 51%, reaching Rs 104 crore in Q3 FY26, up from Rs 69 crore in Q3 FY25. Finance costs and depreciation also contributed to an overall expense increase of 13%, totaling Rs 705 crore in Q3 FY26.
Profitability Highlights
Pine Labs achieved profitability through consistent growth and effective cost management, reporting a net profit of Rs 42 crore in Q3 FY26, in contrast to a loss of Rs 57 crore in Q3 FY25. For the nine-month duration, the company recorded a profit of Rs 53 crore.
Market Performance
The company made a commendable entrance into public markets, listing at a 9.5% premium compared to its issue price. The stock began trading at Rs 242 per share, while the IPO price was set at Rs 221, providing the Peak XV-backed firm with a robust start on the NSE and BSE.
Recent Developments
Earlier this month, Pine Labs received approval from RBI to fully acquire RBI-licensed account aggregator Agya Technologies, enhancing its ownership stake to 100% from its previous associate status. Currently, the company’s shares are trading at Rs 233 (as of 14:32 PM), giving it a market capitalisation of Rs 26,736 crore (approximately $2.9 billion).
