The company’s profit rose 600% on a sequential basis from Rs 6 crore in Q2FY26, while revenue rose 15% on a quarterly basis from Rs 650 crore in the July-September quarter. The company’s adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was reported at Rs 171 crore, up 59% year-on-year, while EBITDA margin saw a growth of 23%.
Contribution margin rose 19% year-on-year to Rs 551 crore in the quarter under review.
Platform GTV (gross transaction value) grew 29% YoY to Rs 4.5 lakh crore with highest ever quarterly volumes across digital infrastructure, transaction platform and Issuing & Acquiring Platform.
The number of transactions grew 23% year-on-year to 192.6 crore.
“We recognize revenue on a net basis, reflecting amounts withheld after payment processing fees and pass-through fees payable to banks
network partners. Certain payments industry peers continue to present revenues on a gross basis,” the company filing said.
Cash flow
Pine Labs’ operating cash flow in Q3’26 was negative Rs 124 crore (excluding early settlement) and negative Rs 152 crore, including early settlement.
Also read: Maruti Suzuki Q3 results: Standalone PAT rises 4% YoY to Rs 3,794 crore; turnover increases by 29%
“The quarterly movement in working capital is driven by festive demand/higher transaction volumes in the third quarter, which are expected to normalize in the coming quarter,” the exchange filing said.
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