Particle.news
Download on the App Store

Pine Labs Posts Q3 Profit as Revenue Rises 24%

Stronger digital transactions performance lifted margins.

A worker uses a Pine Labs machine for transaction at a fuel station in Ahmedabad, India, August 5, 2022. REUTERS/Amit Dave

Overview

  • The company reported consolidated net profit of INR 423.9 million for the quarter ended December 31, 2025.
  • Revenue from operations reached INR 7.44 billion, up nearly 24% year on year, led by a 16.4% increase in the digital infrastructure and transactions platform.
  • Total expenses rose 13% to INR 704.9 crore, including a one-time INR 12.2 crore employee benefit provision tied to new Labour Codes.
  • International operations contributed 15% of the revenue mix, with a Singapore launch for in-store payments and affordability solutions across retailers such as iStudio, Samsung, and Courts.
  • Operational scale expanded with 19.3 billion transactions processed, up 23% year on year, and the merchant base growing 14% to 1.05 million.