Analyst Day 2026: 25%+ YoY growth target, EBITDA margin up to 21%

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedAnalyst Day Multiyear TargetsInvestor Communications View source PDF

PINELABS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹147.93

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AI summary

Pine Labs held its 2026 Analyst Day. FY26 highlights: $194B+ Platform GTV, 11L+ merchants, 21% Adjusted EBITDA margin (up from 5% in FY23), and 865M+ prepaid cards across 22+ countries. Management targets 25%+ YoY growth for next 3 years. Growth drivers: multi-year contracts with top 3 OMCs (BPCL, HPCL, IOCL) covering ~130K fuel outlets, 85% offline CDIT BNPL market share, INR 74K Cr affordability volume, and expansion into government, education, mid-market, SMB, and Southeast Asia/US markets. Setu powers 15% of India's bill payments.

Likely market impact

Positive. Multi-year growth visibility with 25%+ YoY target, sharp margin expansion from 5% to 21%, and major OMC contract wins signal strong momentum.