Pine Labs posted a consolidated profit of Rs 5.97 crore in the second quarter of the financial year 2025-26. The recently listed fintech company reported a loss of Rs 32 crore in Q2 FY25.
The company’s adjusted EBITDA increased 62 per cent on a yearly basis to Rs 122 crore in the September quarter. Also, its adjusted EBITDA margins expanded to 19 per cent in Q2 FY26 from 14 per cent in Q2 FY25.
Furthermore, Pine Labs’ consolidated revenue from operations also grew 18 per cent YoY in the quarter. The company posted consolidated revenue of Rs 649.9 crore in Q2 FY26, compared to Rs 551.5 crore in the corresponding quarter of the previous fiscal year.
“Pine Labs continued to strengthen its presence in international markets, with 17% of Q2 FY26 revenue coming from overseas operations, up from 15% in Q2 FY25. During the quarter, Pine Labs processed its highest-ever quarterly Gross Transaction Value (GTV) of over $48 billion and surpassed 1.0 million merchants on its platform”, the company said in a statement.