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Pine Labs Ltd.

ITFintech

www.pinelabs.com BSE: 544606NSE: PINELABS

₹185.40BSE6.79%

16 Sep, 4:01 PM

₹185.40

₹21.39K Cr

168.06

3.62

2.42%

₹198.90

₹175.40

₹283.70

₹138.30

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Price Performance

Peer Comparison

Name
GROWW GROWW	189.80	48.81	1,19,072.86	0.00	735.04	94.28%	1,501.42	66.01%	37.54
PAYTM PAYTM	1,791.70	176.86	1,14,956.87	0.00	220.00	78.86%	2,448.00	27.63%	3.87
POLICYBZR POLICYBZR	1,829.95	113.17	84,681.44	0.00	162.91	92.45%	1,888.28	40.08%	10.84
Pine Labs Ltd. PINELABS	185.40	168.06	21,392.53	0.00	19.57	308.56%	736.92	19.65%	4.21
STYL STYL	361.85	22.16	5,854.94	0.69	60.34	63.78%	376.47	21.10%	28.03
CCAVENUE CCAVENUE	15.43	18.21	5,384.26	0.00	84.77	45.08%	2,680.40	109.37%	7.98
TURTLEMINT TURTLEMINT	131.85		3,882.70	0.00	-37.78	19.08%	294.08	39.71%	-38.38
MOBIKWIK MOBIKWIK	198.70		1,564.70	0.00	7.62	118.17%	281.48	3.73%	8.02

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	551.57	601.64	598.64	615.91	649.90	744.27	700.51	736.92
Expenses	519.11	524.72	542.04	571.20	574.54	612.29	594.08	642.03
	32.46	76.92	56.60	44.71	75.36	131.98	106.43	94.89
	5.89%	12.79%	9.45%	7.26%	11.60%	17.73%	15.19%	12.88%
	21.96	-30.23	11.91	37.17	23.01	23.23	49.86	28.95
Interest	17.98	21.66	21.52	21.42	21.27	24.49	16.95	12.81
	74.74	76.25	69.20	65.24	65.87	68.13	70.89	73.30
	-38.30	-51.22	-22.21	-4.84	11.16	62.55	68.41	37.73
	16.42%	-10.64%	-30.17%	198.97%	46.51%	32.23%	13.23%	48.13%
	-32.01	-56.67	-28.91	4.79	5.97	42.39	59.36	19.57
	-320.10	-566.70	-289.10	0.11	0.13	0.37	0.52	0.17

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	933.98	1,597.66	1,769.55	2,274.27	2,710.59
Operating Income (Net)	933.98	1,597.66	1,769.55	2,274.27	2,710.59
EXPENDITURE :
Increase/Decrease in Stock	-8.08	-25.34	13.30	-1.93	1.87
Raw Material Consumed	35.59	134.35	143.39	287.26	364.57
Employee Cost	448.17	895.25	887.30	984.23	1,068.97
Operating Expenses	47.46	293.41	314.42	283.66	335.85
General and Administration Expenses	262.38	216.59	268.99	384.83	437.73
Selling and Distribution Expenses	14.36	35.91	62.05	67.03	66.82
Miscellaneous Expenses	20.20	43.52	105.05	51.06	76.30
	820.08	1,593.69	1,794.50	2,056.14	2,352.11
Operating Profit (Excl OI)	113.91	3.97	-24.95	218.13	358.48
	23.94	94.17	54.61	53.11	136.56
	137.85	98.14	29.66	271.24	495.04
Interest	23.67	35.73	64.46	78.96	84.13
PBDT	114.18	62.41	-34.79	192.28	410.91
	188.69	315.03	362.77	292.09	270.13
Profit Before Taxation & Exceptional Items	-74.51	-252.63	-397.57	-99.81	140.78
Exceptional Income / Expenses		-36.84		-36.58	-3.29
	-74.51	-289.46	-397.57	-136.39	137.28
Provision for Tax	-51.89	-24.32	-55.66	9.10	24.77
	-22.62	-265.15	-341.90	-145.49	112.51
Extra items				0.00	0.00
Consolidated Net Profit	-22.62	-265.15	-341.90	-145.49	112.51
Profit Balance B/F	-126.39	-4,215.58	-4,525.88	-4,864.73	-5,002.53
Appropriations	-149.01	-4,480.72	-4,867.78	-5,010.22	-4,890.02
	-1.67	-16,571.56	-3,561.49	-1,454.90	0.98
Adjusted EPS	-0.28	-2,761.93	-3,561.49	-1,454.90	0.98

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	13.53	0.02	0.10	0.10	114.83
Share Warrants & Outstandings	153.22	389.51	486.37	102.56
Total Reserves	1,746.46	3,349.46	3,055.47	3,403.49	5,780.58
Reserve excluding Revaluation Reserve	1,746.46	3,349.46	3,055.47	3,403.49	5,780.58
Revaluation reserve	0.00	0.00	0.00
	1,913.21	3,738.98	3,541.93	3,506.15	5,895.41
Secured Loans	92.75	154.01	113.59	47.18	0.58
Deferred Tax Assets / Liabilities	-89.81	-66.25	-130.75	-140.19	-154.77
Other Long Term Liabilities	60.01	312.13	147.95	142.51	148.08
Long Term Provisions	31.21	39.11	39.61	64.47	79.81
Total Non-Current Liabilities	94.15	439.00	170.40	113.97	73.70
Trade Payables	192.94	368.14	389.80	541.68	383.08
Other Current Liabilities	3,823.63	4,517.94	4,945.29	5,604.16	6,495.39
Short Term Borrowings	143.64	175.50	419.33	782.31	282.29
Short Term Provisions	6.20	12.32	20.71	26.38	38.96
Total Current Liabilities	4,166.41	5,073.90	5,775.13	6,954.53	7,199.72
Total Liabilities	6,173.78	9,251.89	9,487.46	10,574.65	13,168.83
Gross Block	1,550.35	3,028.06	3,039.23	2,996.90	3,265.32
Less: Accumulated Depreciation	531.81	916.27	1,073.12	1,172.01	1,404.98
Less: Impairment of Assets	-0.11	8.45	46.00		4.48
Net Block	1,018.64	2,103.33	1,920.11	1,824.89	1,855.86
Capital Work in Progress	95.10	213.04	121.45	47.12	40.98
Non Current Investments	9.04	17.77	21.29	30.20	27.87
Long Term Investment	9.04	17.77	21.29	30.20	27.87
Long Term Loans & Advances	175.13	205.78	172.31	232.90	137.22
Other Non Current Assets	73.45	21.38	52.59	84.54	99.52
Total Non-Current Assets	1,398.25	2,617.53	2,387.83	2,332.82	2,268.90
Currents Investments	40.52
Inventories	11.76	39.87	28.00	30.10	31.85
Sundry Debtors	299.57	589.37	652.02	844.92	1,042.11
Cash and Bank	3,778.55	5,120.11	5,234.92	6,033.13	8,225.92
Other Current Assets	457.43	601.47	856.93	1,129.95	1,305.36
Short Term Loans and Advances	187.71	283.53	327.77	203.73	294.69
Total Current Assets	4,775.53	6,634.35	7,099.63	8,241.83	10,899.93
Net Current Assets (Including Current Investments)	609.12	1,560.45	1,324.50	1,287.30	3,700.21
Total Assets	6,173.78	9,251.89	9,487.46	10,574.65	13,168.83
Contingent Liabilities	1.54	2.89	4.54	322.39	353.03
Total Debt	236.40	329.51	532.92	829.49	282.87
	130.09	2,09,342.13	31,828.78	34,035.90	51.34
Adjusted Book Value	21.68	34,890.35	31,828.78	34,035.90	51.34

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	-74.51	-289.46	-397.57	-136.39	137.28
Adjustment	207.67	541.21	573.11	478.87	408.81
Changes In working Capital	-153.16	-319.17	-393.02	-330.94	-145.93
Cash Flow after changes in Working Capital	-20.00	-67.42	-217.48	11.54	400.16
Cash Flow from Operating Activities	-68.17	-152.36	-229.01	49.72	395.39
Cash Flow from Investing Activities	-445.58	-370.84	45.04	-159.15	-1,338.87
Cash Flow from Financing Activitie	725.92	2.34	-219.51	-201.09	1,972.17
Net Cash Inflow / Outflow	212.17	-520.86	-403.47	-310.52	1,028.69
Opening Cash & Cash Equivalents	31.86	1,470.78	955.96	555.62	245.21
Effect of Foreign Exchange Fluctuations		6.03	3.13	0.11	0.01
Closing Cash & Cash Equivalent	244.03	955.96	555.62	245.21	1,273.91

Ratios

Valuation

168.06

3.62

25.05

7.55

1.10

51.27

Profitability

2.42

4.21

0.95

13.23

4.15

Leverage & Liquidity

0.05

1.51

2.63

Returns

0.00

0.23

Shareholding Pattern

Numbers in percentages

Particulars	Mar '24	Nov '25	Dec '25	Mar '26	Jun '26
	99.89
		15.05	16.48	16.61	34.31
	0.11	84.95	83.51	83.39	65.69
	0.11	100.00	100.00	100.00	100.00
No. of Shareholders	11	2,16,316	1,27,792	1,17,551	1,78,120

Corporate Actions

Showing: All

Date	Type	Details
2026-08-21	AGM
2026-07-22	Board Meeting	Quarterly Results
2026-05-06	Board Meeting	Audited Results & Quarterly Results

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

ITFintech

Pine Labs Ltd. operates in the IT sector under the Fintech industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

7 members across the board and senior leadership

Neerav Mehta

Company Secretary & Compliance Officer

—

B Amrish Rau

Chairman & Managing Director, Chief Executive Officer

₹6.12 Cr

Mar '26

Kush Mehra

Whole Time Director & Chief Business Officer

₹2.99 Cr

Mar '26

Amrita Gangotra

Non Executive Independent Director

₹50.00 L

Mar '26

Maninder Singh Juneja

Non Executive Independent Director

₹50.00 L

Mar '26

Smita Chandramani Kumar

Non Executive Independent Director

₹50.00 L

Mar '26

Shailendra Jit Singh

Non Independent & Non Executive Director

—

PINELABS Latest News

News

9 of 9 articles

EQUITY24 Aug 2026 · 14:43

Pine Labs informs about AGM

EQUITY21 Aug 2026 · 17:07

Pine Labs informs about AGM

COMPANY25 Jun 2026 · 11:51

Actis Pine Labs Investment Holdings pares over 2% stake in Pine Labs

Actis Pine Labs Investment Holdings has sold stake through an open market transaction worth around Rs 371 crore

EQUITY16 Jun 2026 · 11:22

Pine Labs informs about investor presentation

EQUITY12 Jun 2026 · 11:36

Pine Labs surges on launching Pine Labs Payment Protocol

For the first time in India, an AI agent can complete a UPI payment without human authentication

COMPANY11 Jun 2026 · 17:26

Pine Labs launches Pine Labs Payment Protocol

For the first time in India, an AI agent can complete a UPI payment without human authentication

COMPANY8 Jun 2026 · 13:05

Invesco Developing Markets Fund acquires stake worth Rs 115 crore in Pine Labs

Developing Markets Fund has acquired around 78.86 lakh equity shares of the company at an average price of Rs 145.97 apiece

EQUITY25 May 2026 · 18:07

Pine Labs reports Profit after tax of Rs 672.90 Mln, in the March 2026 quarter

COMPANY12 May 2026 · 12:41

Pine Labs enters Philippines market with GCash for Business as first payments partner

GCash for Business empowers millions of Filipino MSMEs to grow with accessible, digital payment solutions

PINELABS

₹185.40

-6.79%