Pine Labs Limited share price

NSE: PINELABS · ISIN INE15B701018

Key numbers

Market cap
₹ 20,389 Cr
Current price
₹ 176.57
52-week high / low
₹ 284 / 135
Stock P/E
159.1
Book value
₹ 51.6
Dividend yield
0.00%
ROCE
4.0%
ROE
2.4%
Debt to equity
0.07
Sales growth (3 yrs)
21.0%
Profit growth (3 yrs)
-
1-year return
-

About Pine Labs Limited

Pine Labs Limited, a technology company, provides digital payments and issuing solutions for merchants, consumer brands and enterprises, and financial institutions in India and internationally. It operates through Digital Infrastructure and Transaction Platform, and Issuing and Acquiring Platform segments. The Digital Infrastructure and Transaction Platform segment provides technology platforms under the brand name of Pinelabs, Mosambee, Benow, Setu, Qfix, and Fave to merchants that enables acceptance of instore or online digital payments. These technology platforms and infrastructure allow merchants to accept debit cards, credit cards, prepaid instruments wallets, QR codes, unified payment interface (UPI), loyalty points, pay later, online fee collection, etc., as well as provide application programming interface (API) modules to customers for building financial products that facilitates bill payments, credit, and savings. It also engages in selling digital checkout points devices. The Issuing and Acquiring Platform segment provides a technology platform to issue, process, and distribute prepaid cards. It also monetizes by charging a processing fee from merchants who are…

Quarterly results

Consolidated figures in ₹ crores

Mar 2025Jun 2025Dec 2025Mar 2026Jun 2026
Sales599616744701737
Operating profit7459142123106
Net profit-295425920
EPS (₹)-0.250.040.380.520.17

Concall summary (2026-08-03)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

  • But I want to be very clear, I do believe that over the especially the last two quarters of this year, we do expect that the full year contribution margin will again go back closer to the 73-74 % range.
  • If the contract, full term, we expect it to be $100, I do think we have captured 60% to 70%.

Growth & demand

  • We came in at about 20% on a year -on-year growth.
  • As you would know, we had guided to about a 21 -23.5% growth on a full year basis.

Margins & costs

  • When you look at our EBITDA and you look at the adjusted EBITDA on an adjusted EBITDA basis, you would see that we came in, again, with a very strong performance.
  • The network costs on the contribution margin line, I do think that 50% of that will continue to recover as we go forward.

Capex & expansion

  • We are continuously investing into building that technology capabilities out there.
  • On the flow -based services, what we basically do is, we help brands, banks, financial institutions, acquire new customers, convert those customers, engage with those customers.

Balance sheet & cash

  • As far as operating cash flow is concerned, we came in at about 16%.
  • On the operating leverage, you have always mentioned that the 50%, 55% of your incremental CM flows it through the adjusted EBITDA.

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