Pine Labs strengthens global operations, appointing Jayaram Karthik as Chief Operations Officer. He will streamline technology-led merchant experiences across markets, bolstering operational capabilities for the company's next phase of significant growth.
Pine Labs announced its Q1 FY27 financial results, with revenue up 20% YoY to ₹737 Cr. Profit After Tax surged 4x to ₹20 Cr. The company also acquired Shopflo Technologies for ₹88 Cr.
Pine Labs launched P3P, India's first agentic payment protocol on UPI, allowing AI agents to complete payments without human authentication. This enables autonomous commerce and is now live with Gullak and in trials with Vijay Sales.
Pine Labs has announced an Investor and Analyst Day 2026 on June 16 in Mumbai. Management will engage with institutional investors to discuss the company's outlook.
Pine Labs achieved its first full year of profitability with PAT of 2113 Cr, a swing from a loss last year. Full-year revenues grew 19% to 2,711 Cr, and adjusted EBITDA rose 57% to 2,559 Cr.
