Fintech major Pine Labs posted its second consecutive profitable quarter, reporting a consolidated net profit of INR 42.4 Cr in the December quarter of 2025 (Q3 FY26) as against a net loss of INR 56.7 Cr in the year-ago quarter. On a sequential basis, profit surged over 7X from INR 6 Cr.

EBITDA zoomed 3.3X to INR 155 Cr during the year under review from INR 46 Cr in the year-ago period.

Operating revenue recorded a 24% YoY and 15% QoQ growth to INR 744.3 Cr. Including other income of INR 35.5 Cr, total income for the quarter stood at INR 779.7 Cr. 

Digital infrastructure and transaction platform vertical, under which Pine Labs operates its flagship PoS devices, reported a 16% YoY increase in revenue to INR 496.3 Cr. Its issuing and acquiring platform business witnessed a stronger 40% YoY revenue uptick to INR 248 Cr. The company attributed the jump in its revenue to growth in its issuing, affordability and online payments businesses.

Digital infrastructure and transaction platform vertical, under which Pine Labs operates its flagship PoS devices, reported a 16% YoY increase in revenue to INR 496.3 Cr. Its issuing and acquiring platform business witnessed a stronger 40% YoY revenue uptick to INR 248 Cr. The company attributed the jump in its revenue to growth in its issuing, affordability and online payments businesses.

This quarter marked the highest ever quarterly revenue posted by the company. It had indicated this in its Q2 shareholders’ letter.

Back then, it said that Q3 typically delivers the highest revenue due to festive seasonality. “Q2 FY26 – despite being a non-seasonal quarter – delivered 8% higher revenue over the peak of the previous FY (Q3 FY25),” the company noted.

Meanwhile, total expenses increased 13% YoY to INR 704.9 Cr. The company also recognised a one-time employee benefit provision of INR 12.2 Cr during the quarter under review due to the implementation of the new Labour Codes. 

The exceptional item also included impairment of goodwill amounting to INR 28.5 Cr and an impairment of intangibles amounting to INR 8.1 Cr registered due to an acquisition it made in its consumer app business.

“Basis internal management evaluation considering the recoverable value is less than the carrying value on account of reduced operations, technology obsolescence and marketability etc, the Group recorded such impairment,” the company said. 

On the operational front, Pine Labs’ client base jumped 14% YoY to over 10.5 Lakh in the quarter. The fintech company processed close to 193 Cr transactions (+23% YoY) in the quarter via 19.3 Lakh digital checkpoints (+12% YoY). With the healthy business growth, platform gross transaction value (GTV) surged 29% YoY to INR 4.5 Lakh Cr.

During the quarter under review, Pine Labs launched in-store & affordability solutions in Singapore, added  over 100 new signups across offerings from companies like Honeywell, Carrier, Philips, Mumbai Duty Free, Waymo, Miniso, Blinkit, Caribbean Airlines, among others. 

Shares of Pine Labs ended today’s trading session 1.25% higher at INR 231.75 on the BSE.