Pine Labs shares in focus as fintech posts first quarterly revenue since itemizing
Pine Labs posted a consolidated web revenue of Rs 6 crore for Q2FY26, reversing a lack of Rs 32 crore within the year-ago interval and marking its first earnings launch since debuting on the exchanges in November. The corporate additionally delivered a 25% sequential rise in revenue after tax in contrast with Rs 5 crore in Q1FY26.
Income from operations climbed 18% year-on-year to Rs 650 crore from Rs 552 crore in the identical quarter final yr. On a sequential foundation, topline improved almost 6% from Rs 616 crore within the April–June quarter.
Adjusted EBITDA surged 62% year-on-year to Rs 122 crore, with margins widening from 14% to 19%. The corporate mentioned the advance displays robust working leverage, additional evidenced by contribution margin progress of 21% year-on-year to Rs 497 crore. In response to its submitting, “Each Rs 100 incremental contribution margin drives Rs 50 – Rs 57 incremental adjusted EBITDA.”
Pine Labs generated an working constructive money stream of Rs 241 crore (excluding early settlement) and Rs 152 crore together with early settlement in the course of the quarter.
The corporate continued to develop abroad, with 17% of Q2FY26 income coming from worldwide markets, up from 15% within the year-ago quarter. It additionally processed its highest-ever quarterly Gross Transaction Worth (GTV) of over $48 billion and crossed 1.0 million retailers on its platform.
Pine Labs was listed at a 13.52% premium at Rs 251 over its problem worth. The inventory is at present buying and selling at Rs 246.98, up 11.76% over the problem worth however under its debut stage.
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