PINELABS2026-04-012026-06-30PINELABS2026-06-30PINELABS2026-04-012026-06-30in-capmkt:OtherExpenses1MemberPINELABS2026-04-012026-06-30in-capmkt:OtherExpenses2MemberPINELABS2026-04-012026-06-30in-capmkt:OtherExpenses3MemberPINELABS2026-04-012026-06-30in-capmkt:OtherExpenses4MemberPINELABS2026-04-012026-06-30in-capmkt:ReportableSegments1MemberPINELABS2026-04-012026-06-30in-capmkt:ReportableSegments2MemberPINELABS2026-04-012026-06-30in-capmkt:ReportableSegments1MemberPINELABS2026-04-012026-06-30in-capmkt:ReportableSegments2MemberPINELABS2026-04-012026-06-30in-capmkt:ReportableSegments1MemberPINELABS2026-06-30in-capmkt:ReportableSegments1MemberPINELABS2026-04-012026-06-30in-capmkt:ReportableSegments2MemberPINELABS2026-06-30in-capmkt:ReportableSegments2MemberPINELABS2026-04-012026-06-30in-capmkt:ReportableSegments1MemberPINELABS2026-06-30in-capmkt:ReportableSegments1MemberPINELABS2026-04-012026-06-30in-capmkt:ReportableSegments2MemberPINELABS2026-06-30in-capmkt:ReportableSegments2MemberPINELABS2026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1PINELABS2026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss2PINELABS2026-04-012026-06-30ItemsThatWillBeReclassifiedToProfitAndLoss1PINELABS2026-04-012026-06-30AuditorDomain1iso4217:INRiso4217:INRxbrli:shares544606PINELABSNOTLISTEDINE15B701018PINE LABS LIMITEDMain BoardEquity2026-04-012027-03-312026-07-282026-07-22INRCroresQuarterlyFirst quarterMulti segment2026-07-2812:45:002026-07-2814:38:00Declaration of unmodified opinion2026-04-012026-06-30UnauditedConsolidated7369200000289500000765870000001116700000-433000002675200000128100000733000000267170000072814000003773000000377300000189900000-830000018160000001957000000000195700000381000002338000000000115390000010.170.17000.170.17EPS is not annualised for the quarter ended 30 June 2026, 31 March 2026 and 30 June 2025 <br /> 1. The above standalone financial results of Pine Labs Limited (formerly known as Pine Labs Private Limited) ("the Company") and consolidated financial results of the Company and its subsidiaries (together referred to as "the Group") have been prepared in accordance with the recognition and measurement principles laid down in the <br /> Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, as amended ("Listing Regulations"). <br /> 2. The standalone and consolidated financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on 28 July 2026. <br /> 3. The figures for the quarter ended 31 March 2026, are the balancing figures between the audited financials results for the year ended 31 March 2026 and the unaudited year-to-date results upto 31 December 2025. <br /> The Company's equity shares were listed on the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE) on 14 November 2025. The figures for the corresponding quarter ended 30 June 2025 as reported in these standalone and consolidated financial results had been approved by the Company's Board of Directors but had not been subjected to limited review, since the requirement of submission of quarterly standalone and consolidated financial results was applicable on listing of equity shares of the Company effective from the quarter ended 30 September 2025. <br /> 4. As per IND AS 108- Operating Segments, the Group has two reportable segments namely Digital infrastructure and transaction platform and Issuing and acquiring platform. The Group has disclosed the segment information only as part of the consolidated financial results. <br /> 5. Exceptional items includes: <br /> The Group and the Company recognised a one-time increase in employee benefit obligations on account of the New Labour Codes, amounting to INR 12.22 crores and INR 10.82 crores respectively, in the results for the quarter and nine months ended 31 December 2025, as exceptional items. Subsequently during the quarter ended 31 March 2026, the Group and the Company revised its wage structure and accordingly revised its estimate and reversed the provision of 8.93 crores and 8.52 crores respectively in the quarter ended 31 March 2026. The Group continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code. <br /> 6. Details of Employee Stock Options for the quarter ended 30 June 2026 are as follows: <br /> Pine Labs Employee Stock Option Plan 2025 :– 2,610,987 options granted, 1,137,964 options forfeited/expired and 5,581,713 options exercised during the quarter ended 30 June 2026. <br /> 7. The Board of Directors of Pine Labs Limited (formerly known as Pine Labs Private Limited) (hereinafter referred to as "Transferee Company") and Erstwhile Pine Labs Limited, Singapore (erstwhile holding company) (hereinafter referred to as "Transferor Company") on 08 February 2024 and 13 December 2023 (modification of the Scheme approved on 07 February 2024) respectively, had approved the draft Scheme of Arrangement ('Scheme') among Transferor Company, Transferee Company and their respective shareholders under section 210 read with section 212 of the Companies Act 1967 of Singapore, sections 230 to 232, read with section 234 of the <br /> Companies Act, 2013 of India and other applicable provisions of the Companies act 1967 of Singapore, the Companies Act, 2013 of India and rules thereunder to effect an amalgamation between Transferor Company and Transferee Company. The Scheme became effective on 6 June 2025, pursuant to the effectiveness of Scheme, the Transferor Company along with its investment in the subsidiaries have been transferred to and vested in the Transferee Company with effect from 06 June 2025. <br /> These standalone and consolidated financial results for the quarter ended 30 June 2025 were prepared using the principles as prescribed under Appendix C of Ind AS 103 for "Business combinations of entities under common control" giving the retrospective effect to the merger consummated on 06 June 2025 as if the merger had been made effective 1 April 2024. Also, for EPS calculation for the quarter ended 30 June 2025, weighted average number of shares had been determined after considering the cancellation of equity shares of the Transferee Company and pending issuance of Schemes shares to the shareholder of Transferor Company, in lieu of share held by them in the Transferor Company from the date of original allotment. <br /> 8. During the quarter ended 30 June 2026, the Company has acquired 100% equity stake in Shopflo Technologies Private Limited ("Shopflo") on a fully diluted basis from the selling shareholders, for a cash consideration of INR 88.00 crores (including deferred consideration). Shopflo is engaged in the business of development, deployment, operation and commercialization of a direct-to-consumer Checkout Platform and offers engine and e-commerce enablement services and/or solutions. The Group has consolidated the financial results of the Shopflo w.e.f. 26 May 2026 ("acquisition date") in these consolidated financial results. <br /> 9. The standalone and consolidated financial results for the quarter ended 30 June 2026 are also being made available on the Stock Exchange websites www.bseindia.com and www.nseindia.com and on the Company's website: www.pinelabs.comTransaction and related costs969600000Impairment of non-current assets11300000Impairment losses on financial assets & contract assets and bad debts103600000Other expenses1587200000Digital infrastructure and transaction platform4991200000Issuing and acquiring platform237800000073692000007369200000Digital infrastructure and transaction platform4080200000Issuing and acquiring platform124600000053262000001281000004820800000377300000Digital infrastructure and transaction platform0Issuing and acquiring platform0000Digital infrastructure and transaction platform0Issuing and acquiring platform00001) In reviewing the operational performance of the Group and allocating resources, the chief operating decision maker of the Group ("CODM"), who is the Group's Chief Executive Officer ("CEO"), reviews the financial performance and forecasts, performance of key product lines, new product buildout/performance review, and other reviews such as employee performance, functional reviews and ad-hoc-reviews. The Group has a defined organization structure where the Group's CEO is placed at top of the hierarchy of the organization and is the only member of the management team with the authority to make or approve significant strategic and key operating decisions for the Group and evaluates the performance of the business (subject to oversight by the Company's Board of Directors). The Group's operating segments, are strategic business units that offer different products and services. For each of the operating segments, the CODM reviews performance based on segment's revenue and contribution margin. The review does not include breakups or details of assets and liabilities of these operating segments.Remeasurement of defined benefit liability-5500000Fair value changes on equity investments through OCI43200000377000004400000Foreign exchange differences on translations of foreign operations48000004800000038100000UnauditedtrueB S R & Co. LLPtrue2028-07-31