Archive · 8 Dec 2025
Pine Labs Transitions to Software Focus
Pine Labs, a company that used to focus on point-of-sale (PoS) machines, is now changing its focus to software and digital payments.
They showed new products during their earnings call and reported good financial results.
Their net profit grew, and most of their revenue now comes from software services instead of hardware.
The company is also expanding internationally, working with banks and retailers in different countries.
They believe this shift will make them more profitable and sustainable in the long run.
Pine Labs reported a net profit of INR 6 Cr in Q2 FY26, up from a loss of INR 32 Cr a year ago.
71% of Pine Labs' revenue now comes from SaaS and tech services, down from 29% from PoS hardware.
The company's adjusted EBITDA reached INR 122 Cr, with margins expanding by 500 basis points.
Pine Labs is expanding globally, with significant growth in international markets and partnerships with major airlines and retailers.
The shift to software and digital payments infrastructure is expected to drive long-term sustainable revenue growth.
- Who
- Pine Labs, a fintech company transitioning from PoS to software
- What
- Pine Labs is shifting focus to software and digital payments infrastructure
- When
- Q2 FY26
- Where
- Global, with operations in India, Southeast Asia, Australia, UAE, and the US
- Why
- To diversify revenue streams and increase profitability by moving away from hardware
- Net Profit Q2 FY26
- INR 6 Cr
- Operating Revenue Q2 FY26
- INR 649.9 Cr
- Total Income Q2 FY26
- INR 672.9 Cr
- Subscription and Rental Revenue
- 29%
- SaaS and Tech Services Revenue
- 71%
- Adjusted EBITDA Q2 FY26
- INR 122 Cr
- International Business Growth
- 30% YoY
- Online Payment Gateway Growth
- 75% YoY