Pine Labs Ltd.'s net profit for the second quarter of fiscal 2027 grew over five-fold year-on-year, according to an exchange filing on Thursday. The company posted a bottom-line of Rs 38.6 crore.
In the year-ago period, the company had registered a net profit of Rs 6 crore. Revenue from operations rose 24% to Rs 806 crore, from Rs 650 crore in the corresponding quarter of the last fiscal.
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On the operational front performance remained robust with earnings before interest, taxes, depreciation, and amortisation climbing 68% to Rs 126 crore from Rs 75 crore. Ebitda margin expanded to 15.6% from 11.5%.
The group processed around 25 million transactions a day across businesses during the quarter, up 22% year-on-year. More than 29% of DITP GTV is now monetised through volume-linked products, compared with 15% a year ago.
Products launched in the last two years contributed 14% of revenue, while international markets accounted for 15%. The company reported growth across its acceptance and issuing businesses and said it remains focused on investing in new products, markets and geographies while maintaining profitability. Pine Labs continues to target Ebitda margins of more than 20% and revenue growth of 21%-23%.
Pine Labs Q2FY27 (Consolidated, YoY)
- Net profit at Rs 38.6 crore versus Rs 6 crore.
- Revenue up 24% to Rs 806 crore versus Rs 650 crore.
- Ebitda up 68% to Rs 126 crore versus Rs 75 crore.
- Margin at 15.6% versus 11.5%.
Pine Labs Share Price
Shares of Pine Labs traded 1.76% higher at Rs 165.62 apiece on the NSE. During the day they went as high as 7.50% to Rs 174.80. The shares have fallen over 31% year-to-date.
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