Synopsis : Private equity investor Actis has pared its stake in Pine Labs through a bulk deal worth Rs 151.6 crore. The transaction comes as Pine Labs reports a turnaround to profitability in FY26 despite the stock remaining under pressure over the past year.
Mauritius-based Actis Pine Labs Investment Holdings has sold a 0.86% stake in Pine Labs through a bulk deal worth approximately Rs 151.6 crore.
According to exchange data, the investor offloaded 98.28 lakh shares on June 19 at an average price of Rs 154.25 per share.
The transaction marks another partial exit by Actis, which has been an investor in Pine Labs since 2018.
Actis Trims Stake in Pine Labs
Actis Pine Labs Investment Holdings sold 98.28 lakh shares, representing around 0.86% of Pine Labs' equity.
The shares were sold at an average price of Rs 154.25 apiece, taking the total transaction value to approximately Rs 151.6 crore.
Actis first invested in Pine Labs in March 2018, committing around $82 million to the digital payments company.
The selling entity, Actis Pine Labs Investment Holdings Limited, is a Mauritius-based special-purpose vehicle established by UK-headquartered private equity firm Actis to hold its investment in Pine Labs.
Pine Labs Share Price Performance
Pine Labs shares have remained largely unchanged over the last five trading sessions.
The stock has gained around 7% over the past month, indicating some recovery in investor sentiment.
However, the broader trend remains weak. The stock has declined more than 34% over the past six months and is down nearly 39% over the last one year.
Pine Labs Reports Profit in Q4FY26
Pine Labs reported a strong improvement in its financial performance during the fourth quarter of FY26.
The company posted a consolidated net profit of Rs 59 crore, compared to a net loss of Rs 29 crore in the corresponding quarter of the previous year.
Revenue from operations increased 17% year-on-year to Rs 701 crore, up from Rs 599 crore reported in Q4FY25.
FY26 Sees Sharp Turnaround
For the full financial year FY26, Pine Labs reported revenue of Rs 2,711 crore, representing a 19% increase from Rs 2,274 crore in FY25.
The company also achieved a significant turnaround at the bottom line, posting a net profit of Rs 113 crore compared to a net loss of Rs 145 crore in the previous financial year.
The improvement reflects stronger operating performance and continued growth in digital payment adoption across merchant networks.
About Pine Labs
Pine Labs is one of India's leading fintech companies, providing merchant commerce and payment solutions to retailers, brands and enterprises.
The company offers point-of-sale (POS) terminals, payment processing solutions, lending products and customer engagement platforms.
Pine Labs is widely recognised for its Android-based POS machines that enable merchants to accept multiple payment modes, including cards, UPI, mobile wallets and contactless payments.
In addition to payments, the company also facilitates instant EMI solutions and loyalty programmes for merchants and consumers.
Conclusion
The latest stake sale by Actis represents another step in the private equity firm's gradual monetisation of its long-term investment in Pine Labs.
While the company's stock performance has remained under pressure over the past year, its FY26 results indicate improving business fundamentals, with revenue growth and a return to profitability providing positive signals for investors.
Disclaimer : This article is for informational purposes only and should not be construed as investment advice. Investments in equities and financial markets are subject to market risks. Readers should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.
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