Indian fintech firm Pine Labs reported a pointy rise in income and a return to profitability for the monetary 12 months ended 31 March 2026, supported by income progress, improved profitability and stronger money era.

The corporate posted consolidated income from operations of Rs 2,710.6 crore for FY26, up 19% from Rs 2,274.3 crore a 12 months earlier. Complete consolidated earnings rose to Rs 2,847.2 crore.

Pine Labs recorded a consolidated revenue after tax of Rs 112.5 crore for the 12 months, in contrast with a lack of Rs 145.5 crore in FY25, marking a major turnaround in its monetary efficiency. Complete complete earnings stood at Rs 126.4 crore towards a complete lack of Rs 140.8 crore within the earlier 12 months.

For the March quarter, consolidated income from operations elevated 17% year-on-year to Rs 700.5 crore from Rs 598.6 crore. Complete earnings for the quarter stood at Rs 741.4 crore, supported by extra different earnings of Rs 40.9 crore.

It posted a quarterly web revenue of Rs 59.4 crore, in contrast with a lack of Rs 28.9 crore in the identical interval final 12 months. Revenue earlier than tax for the quarter got here in at Rs 68.4 crore towards a loss earlier than tax of Rs 22.2 crore a 12 months earlier.

Worker advantages remained the corporate’s largest expense class, accounting for greater than 36% of complete prices in the course of the quarter at Rs 246.5 crore. Purchases of stock-in-trade and stock modifications rose 18% year-on-year to Rs 104.3 crore, whereas transaction-related bills elevated 27% to Rs 82.8 crore. Complete quarterly bills elevated 8% to Rs 681.9 crore.

Pine Labs additionally reported a powerful enchancment in money era. Consolidated web money generated from working actions rose to Rs 395.4 crore in FY26 from Rs 49.7 crore in FY25. Its money and money equivalents elevated sharply to Rs 1,273.9 crore on the finish of March 2026, in contrast with Rs 245.2 crore a 12 months earlier.

The corporate’s steadiness sheet strengthened in the course of the 12 months, with complete consolidated property growing to Rs 13,297 crore from Rs 10,716 crore. Complete fairness rose to Rs 5,895 crore in the course of the 12 months, reflecting a stronger steadiness sheet.

Pine Labs stated its Digital Infrastructure and Transaction Platform enterprise remained its largest section, producing Rs 1,836.8 crore in FY26 income, whereas the Issuing and Buying Platform enterprise contributed Rs 873.8 crore.

In April, the corporate entered into an settlement to acquire a 100% stake in Shopflo Technologies, a D2C checkout platform, for a money consideration of Rs 88 crore, topic to specified circumstances.

Amrish Rau, CEO of Pine Labs, stated, “These numbers inform us we’re successful transactions, successful retailers, and successful in new markets. When GTV grows at 50% whereas income grows at 19%, it displays the platform depth now we have constructed, and it leaves important monetisation headroom forward of us.”