Overview
- Pine Labs reported a consolidated net profit of about Rs 6 crore for Q2 FY26, reversing a year-ago loss and extending its post-listing profit streak.
- Revenue from operations rose roughly 18% year-on-year to about Rs 650 crore as cost growth lagged sales expansion.
- EBITDA doubled with margins widening to 11.6%, while adjusted EBITDA increased to Rs 122 crore with a 19% margin, indicating stronger operating leverage.
- The company processed its highest-ever quarterly GTV of over $48 billion, with transactions up about 44% year-on-year and its merchant base surpassing one million.
- International business grew roughly 30% and contributed 17% of revenue across about 20 countries, while the stock traded slightly lower near Rs 247.6 on the BSE.