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Pine Labs Limited Q2 FY27 results deck summary

NSE: PINELABS · BSE: 544606

Results deck of 29 Oct 2026, summarised by AI from the filing.

Pine Labs Q2 FY27 revenue ₹806 cr, up 24% YoY, with Adjusted EBITDA ₹155 cr and PAT ₹39 cr.

Key takeaways

  1. Revenue growth Revenue from operations ₹806 cr in Q2 FY27 (Q2 FY26: ₹650 cr, +24% YoY), a 5-quarter high.
  2. Tax outlook Consolidated effective tax rate expected to taper gradually to ~30% by the exit of FY27.
  3. Cash flow Operating cash flow rose to ₹350 cr from ₹152 cr in Q2 FY26 on better working capital and early settlement balance.
  4. UPI monetisation 70%+ of DCP transactions are UPI-led and monthly UPI GTV is ~₹20k Cr, positioning Pine Labs for the proposed UPI MDR framework.
  5. MDR timing UPI MDR rollout is deferred pending regulatory clarity, with the final framework and implementation date not yet announced.

Original filing on BSE

Pine Labs Limited Q2 FY27 results

As filed: Revenue ₹806 cr (+24% year on year), EBITDA ₹126 cr (+68% year on year), PAT ₹38.6 cr (+300% year on year), EBITDA margin 15.6% (+408 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q1 FY27: Revenue ₹737 cr, EBITDA ₹94.9 cr, PAT ₹19.6 cr, EBITDA margin 12.9%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹737 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: +13.9% in 30 days (Nifty 500: +1.4%).
  • Q4 FY26: Revenue ₹701 cr, EBITDA ₹106 cr, PAT ₹59.4 cr, EBITDA margin 15.2%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹701 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: +10.3% in 30 days (Nifty 500: +0.9%).
  • Q3 FY26: Revenue ₹744 cr, EBITDA ₹132 cr, PAT ₹42.4 cr, EBITDA margin 17.7%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹744 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: −15.9% in 30 days (Nifty 500: +1.5%).
  • Q2 FY26: Revenue ₹650 cr, EBITDA ₹75.0 cr, PAT ₹6.0 cr, EBITDA margin 11.5%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹650 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: −4.9% in 30 days (Nifty 500: +1.6%).

Past price moves after results do not indicate future moves. Not a recommendation.

Pine Labs Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.