Software-led deals deliver profit for Pine Labs in Q3
Fintech major Pine Labs posted record quarterly revenue and swung to profit in the third quarter of FY26, as the company continued to move away from hardware-heavy deals to more software-led, higher-margin contracts. Revenue from operations rose 24% year-on-year to 744 crore, while it posted a profit after tax of 42 crore in the third quarter of FY26.
It had posted a loss of 57 crore in the year-ago period. Revenue from its core business — digital infrastructure and transaction processing (DITP) — which is about 60% of its total revenue, grew 16% year-on-year to496 crore, while revenue from its issuing and acquiring platform that helps banks, brands, and fintechs deliver their credit offerings jumped 42% to 248 crore.
