10/08/2026
Pine Labs reported ₹737 crore in revenue for Q1 FY27, a 20% year-on-year increase, while profit after tax rose fourfold to ₹20 crore from ₹5 crore in the same period last year.
Profit before tax moved from a ₹5 crore loss to ₹38 crore, adjusted EBITDA reached ₹126 crore, and contribution margin held at 72.3%.
The platform processed about ₹4.22 lakh crore in gross transaction value across 201 crore transactions and 21.7 lakh digital checkout points. More than 70% of transactions now flow through UPI.
The company also launched two payment primitives, P3P and Credit Line on UPI, and said its mid-market segment grew more than 40% year-on-year.
International revenue rose 21% year-on-year to ₹114 crore across 22 countries. How do you view the shift toward payment infrastructure and credit on UPI?