Pine Labs Q2 Profit Jumps Sixfold to ₹38.6 Crore

30 Oct 2026, 8:00 am · 5h ago · 1 min read · Inc42

Fintech major Pine Labs delivered strong Q2 FY27 financial performance, with standalone net profit surging over six-fold year-on-year to Rs 38.6 crore. Operating revenue jumped 24% to Rs 806.2 crore, marking a five-quarter high, while adjusted EBITDA rose 27% to Rs 215.5 crore. Growth was driven by expanding merchant networks, increased gross transaction value, and AI-led credit underwriting tools processing over 100,000 monthly loans. International markets accounted for 15% of total Q2 revenue across 22 countries. Pine Labs also anticipates meaningful upsides from the proposed merchant discount rate re-introduction on UPI transactions above Rs 2,000.