Pine labs said that it processes 25 million transactions per day, a 22 per cent increase from the previous year.
Fintech company Pine Labs, reported that its net profit increased 6.5 times from about ₹6 crore in Q2 FY26 to ₹38.6 crore in Q2 FY27. The revenue during the same period grew 24 per cent Year-on-Year from ₹650 crore to ₹806 crore.
“Q2 was an all-round quarter – growth across acceptance and issuing, 15% of revenues from global markets, and 14% from products launched only in the last two years,” said Amrish Rau, CEO, Pine Labs.
The company said that its payments business grew 45 per cent Year-on-Year, while the gross transaction value rose 140 per cent driven by expansion in cross-border payments, agentic commerce, and small and medium businesses. Pine labs also said that it processes 25 million transactions per day, a 22 per cent increase from the previous year.
AI agents now contribute up to 89 per cent code changes in Pine Labs, with the company looking to now expand to various geographies, and new product categories, at the same time, maintain its EBITDA profile.
Rau stated that the opportunities set in front of pine labs are expanding and not narrowing. With a wider set of new products this quarter, 10 lakh sandboxes committed over the medium term, agentic commerce on top of the Indian marketplace and UPI monetisation window opening up, this is the time to build, he said.
