Pine Labs Share Price Target 2026: Brokerage firm Morgan Stanley has maintained an Equal-Weight call on fintech major Pine Labs’ stock after it logged a strong set of earnings in the fourth quarter. The company posted a consolidated net profit of Rs 59.36 crore in the fourth quarter of financial year 2025-26 (Q4 FY26), compared with a loss of Rs 28.91 crore in Q4 FY25.
At 11:08 AM today, shares of Pine Labs were trading at Rs 144.05, down 1.44 per cent from the previous close.
– Q4 revenue growth at 17% YoY missed consensus estimates by 3%
– Adjusted EBITDA rose 73% YoY but was slightly below consensus
– Management guides for 21-23.5% medium-term revenue growth
– Issuing and acquiring segment growth remained strong at 24% YoY
– Flow, affordability and transaction processing GTV rose 44% YoY
– Operating leverage and cash flow conversion improved sharply in FY26
– International business impacted by Middle East geopolitical tensions
– Net cash stood at Rs24.5 billion at end-March 2026
Sequentially, Pine Labs’ profit grew 40 per cent from Rs 42.39 crore in Q3 FY26.
The rise in net profit came at a time when the company’s revenue from operations rose 17 per cent to Rs 700.51 crore in Q4 FY26, up from Rs 598.64 crore in Q4 FY25.
On a quarter-on-quarter basis, this declined 6 per cent from Rs 744.27 crore in Q3 FY26.
“Q3 FY26 benefited from a strong festive season. Q4 FY26 moderated as it typically does after a strong Diwali as brands and banks slow down on their consumption- and spending-related budgets,” the company said.
The company on January 28 reported a consolidated net profit of Rs 42 crore in the December quarter, compared to Rs 57 crore loss during the same quarter of the previous financial year, as its higher margin business did well, the company said in an announcement to stock exchanges.
Pine Labs’ net profit for Q3 FY26 rose sequentially as it had reported a net profit of Rs 6 crore during Q2 of the same financial year (July-September, 2025).
Pine Labs is focused on enhancing commerce through digital payment solutions tailored for merchants, consumer brands, enterprises, and financial institutions.
Its technological framework facilitates digital transactions and payment processing not only in India but also in several global regions, including Malaysia, the UAE, Singapore, Australia, the US, and parts of Africa.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
