Mumbai, Dec. 4 -- Revenue from operations grew 18% YoY to Rs 650 crore, on the back of robust growth of issuing, affordability and online payments businesses, which continue to outpace growth in the in-store payments business, in line with the company's growth strategies.

Pine Labs' platform GTV grew 92% YoY to Rs 424 thousand crore while the number of transactions jumped 44% YoY to 1.9 billion in Q2 FY26.

The company further said that it continued to strengthen its presence in international markets, with 17% of Q2 FY26 revenue coming from overseas operations, up from 15% in Q2 FY25.

Contribution margin grew 21% YoY to Rs 497 crore in the September'25 quarter.

Adjusted EBITDA grew 62% to Rs 122 crore in Q2 FY26, with margin expanding...