Pine Labs Limited has informed the Exchange about Investor Presentation
PINELABS · price
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Pine Labs reported strong Q4 and FY26 results with revenue of ₹2,711 Cr (up 19% YoY) and full-year PAT of ₹113 Cr, turning profitable from a loss of ₹145 Cr in FY25. Q4 PAT was ₹59 Cr, an improvement of ₹88 Cr YoY. Adjusted EBITDA margin expanded to 21% for FY26 (from 16%), driven by a favorable business mix shift toward higher-margin verticals like affordability, issuance solutions, and international markets. Operating cashflow hit ₹676 Cr in Q4 (8x YoY). Key wins include multi-year acquiring and loyalty contracts with India's top 3 Oil Marketing Companies (IOCL, BPCL, HPCL) covering ~130k terminals by FY27, and international partnerships with GCash (Philippines) and Wio Bank (UAE). The company is aggressively investing in AI, launching products like SignalIQ (automated underwriting), Agentic Commerce Suite on ChatGPT, and biometric authentication. Online payments grew 56% YoY in FY26, and international revenue now contributes ~15% of total revenue. Management guided sustained revenue growth of 21–23.5% over the next few years, with ~50% flow-through of incremental contribution margin to EBITDA.
Pine Labs has transitioned from an 'investment-and-build' phase to 'monetization-at-scale,' posting its highest-ever quarterly PAT and EBITDA margins expanding to 21%. The landmark OMC contracts provide multi-year revenue visibility, while AI investments and international expansion position the company for durable long-term growth. Shareholders can expect continued margin expansion driven by high-margin revenue mix, though near-term margin pressure may arise from higher hardware costs due to the global chip shortage.