The company posted a net profit of ₹59.4 crore for the quarter ended March 31, 2026, compared with a loss of ₹26.7 crore in the corresponding period last year, according to the exchange filing.
Revenue from operations rose 17% year-on-year to ₹700.5 crore from ₹598.6 crore.
Operating performance also improved significantly during the quarter. EBITDA jumped 88% to ₹106.4 crore from ₹56.6 crore a year ago, while EBITDA margin expanded to 15.2% from 9.5%, reflecting better operating leverage and scale.
For the financial year ended March 31, 2025, the company had recorded exceptional charges related to its consumer app business. These included an impairment of goodwill amounting to ₹28.46 crore and impairment of intangible assets worth ₹8.12 crore acquired as part of the business acquisition, as per the filing.
The company said the impairment was recognised following an internal assessment that indicated the recoverable value of the assets was lower than their carrying value due to reduced operations, technology obsolescence and lower marketability, according to the filing.
The company also reported strong growth in transaction volumes during the year. Gross transaction value (GTV) processed through its platform rose 50% year-on-year to $194 billion, while UPI volumes increased 68%. The platform enabled more than 20 million transactions daily during the period.
“These numbers tell us we are winning transactions, winning merchants, and winning in new markets,” Chief Executive Officer Amrish Rau said. “When GTV grows at 50% while revenue grows at 19%, it reflects the platform depth we have built and leaves significant monetisation headroom ahead of us.”
Pine Labs operates through two reportable business segments, Digital Infrastructure and Transaction Platform, and Issuing and Acquiring Platform.
Shares of Pine Labs ended higher on Monday, May 25, by 2.68% at ₹146.67 on the NSE.
ALSO READ | Aditya Birla Fashion Q4 sees sharp rise in net loss at ₹148 crore; revenue up 16%
