• Financial performance: Reported EBITDA grew roughly 50% year-on-year from 80 crore to 126 crore on approximately 20% top-line growth, with operating margins expanding to around 13%. Profit after tax reached positive 38 crore (or 20 crore adjusting for tax dynamics), rising fourfold year-on-year.
• International expansion: International operations now contribute around 16% to total revenue, up from 9%, supported by roughly 40% growth over the past four to five years. The company commands nearly 50% market share in affordability solutions in Malaysia and is actively expanding across Singapore, Australia, and Dubai.
• Product innovation: Pine Labs launched P3P, an open agent-to-agent protocol for automated intelligent commerce, and introduced credit line and EMI offerings on UPI rails, which account for 70% of its transactions.
• Growth guidance: Management reiterated its medium- to long-term top-line growth guidance of 21–23%, driven by 50% online business growth, expansion of its 21 lakh terminal base, and entering new merchant categories like beauty and wellness.