Pine Labs Reports First Profit Since IPO with 18% Revenue Growth
- ByStartupStory | December 4, 2025
India-based fintech Pine Labs has posted its first quarterly profit following its public listing, propelled by an 18% year-on-year increase in revenue. The company, a leading provider of point-of-sale (POS) solutions and merchant commerce technology, achieved profitability by delivering strong growth across its merchant base and SaaS subscriptions.
For the quarter ended September 30, 2025, Pine Labs reported revenue of ₹1,200 crore, up from ₹1,017 crore in the same period last year. The firm posted net profit of ₹50 crore, a significant turnaround from previous losses attributed to increased investment during its growth phase.
Pine Labs’ CEO highlighted the company’s focus on expanding its merchant network, diversifying offerings including installment payments and financial services, and optimizing operational efficiencies. The sustained revenue growth was driven by higher transaction volumes and increased adoption of value-added services by merchants.
The profitability milestone positions Pine Labs favorably amid intensifying competition in India’s digital payments space from incumbents and emerging fintech players. As Pine Labs continues scaling, it aims to leverage data insights to deepen merchant engagement and explore new growth vectors.
This financial performance underlines the maturation of India’s fintech ecosystem where growth investments are beginning to yield returns, with Pine Labs as a leading example of operational discipline driving sustainable profitability.
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