In keeping with the financials shared in its pink herring prospectus filed Friday, the corporate posted a internet revenue of Rs 4.8 crore within the June quarter of FY26.
For FY25, Pine Labs reported working income of Rs 2,274 crore, up 28.5% from Rs 1,769 crore in FY24. Within the first quarter of FY26, income rose 17.8% year-on-year to Rs 615 crore.
Whereas the Peak XV Companions-backed agency narrowed its losses sharply in FY25, it nonetheless posted a internet full-year lack of Rs 145 crore, down 57.4% from Rs 341 crore in FY24. The corporate’s adjusted EBITDA (excluding ESOP prices) stood at Rs 356 crore in FY25, in contrast with Rs 158 crore in FY24 and Rs 196 crore in FY23.
In its draft prospectus filed in June, Pine Labs had disclosed numbers till September 2024. The ultimate doc consists of financials as much as the June 2025 quarter. The corporate plans to go public within the coming weeks and is predicted to announce its IPO value band early subsequent week, in response to individuals conscious of the matter.
It plans to difficulty contemporary shares price Rs 2,600 crore, together with a proposal on the market (OFS) of 147.8 million shares. The agency is focusing on a valuation of Rs 33,400–Rs 41,700 crore (roughly $4–5 billion), the individuals stated. On the enterprise entrance, Pine Labs expanded its partnerships to 198 monetary establishments, powering round 690 client manufacturers. In FY25, it processed 5.7 billion transactions throughout 954,000 retailers. Within the June quarter, Pine Labs reported a gross transaction worth (GTV) of Rs 3.83 lakh crore (round $46 billion), taking its annualised GTV to Rs 15.4 lakh crore (about $185 billion).
