Turtlemint Fintech Solutions Limited (“Turtlemint”) (BSE: 544799 | NSE: TURTLEMINT), today announced its financial results for the quarter and financial year ended March 31, 2026, delivering strong growth while achieving key profitability milestones.
| Particulars (INR Mn)* | FY 25(Proforma) | FY 26 | YoY Growth | Q4FY25 | Q4FY26 YoYGrowth | ||
| Revenue From Operations | 7,003 | 10,983 | 57% | 2,516 | 3,572 | 42% | |
| Service EBITDA | 832 | 1,416 | 70% | 376 | 601 | 60% | |
| Adjusted EBITDA | (1,863) | (1,055) | -335 | 29 | NM | ||
| % of Revenue from operations | -27% | -10% | 17% | -13% | 1% | 14% | |
| Profit After Tax and exceptional items | (2,026) | (1,843) | -394 | 31 | NM | ||
*Turtlemint Fintech Solution Ltd acquired Turtlemint Insurance Broking Services Private Limited with effect from May 8, 2024 (material subsidiary), Hence, the pro forma financial has been compiled by the management of the Company on a voluntary basis to illustrate the impact of the acquisition of TIB on the financial performance for the financial years ended March 31,2025
Speaking on the results, Dhirendra Mahyavanshi, Chairperson, Managing Director & CEO, said “Our growth this quarter reflects the distribution strength of our platform and ecosystem. We are excited to begin our journey as a listed company, reflecting the strength of our business model and disciplined execution. Today, more than 6.5 lakh + Digital Partners, supported by partnerships with 46 insurers and a presence across 19,000+ PIN codes, are helping make insurance more accessible to millions of Indians.”
Anand Prabhudesai, Executive Director & COO, said, “As we continue to invest in technology and AI, our focus remains on empowering our partners, enhancing customer experiences, and building one of India’s most trusted digital insurance distribution platforms. The business is in excellent shape, with strong momentum across our key growth drivers, and we remain focused on executing our long-term strategy to create sustainable value for all our stakeholders.”
Key Highlights for Q4 FY26
- Delivered 1st ever profitable quarter of the company as Profit After Tax came in at INR 3 crore
- Strong business momentum continued as revenue grew 42%
- Service EBITDA grew 60% YoY to INR 60 crore as Service EBITDA margin expansion continues
Key Highlights for FY26
- Revenue from operations saw strong growth of 57% to INR 1,098 crore
- Added 1.1 lakh + Digital Partners during the year
- Service EBITDA grew 70% YoY to INR 142 crore as Service EBITDA margins expanded
- Platform Premium grew 31% YoY to INR 3,868 crore
- Renewal revenue grew 51% to INR 224 crore
- Adjusted EBITDA as % of revenue improved from (27%) in FY25 to (10%) in FY26
- Strong operating leverage continues to play out as corporate overheads as % of Revenue declined from 38% in FY25 to 23% in FY26
- Total Digital Partners stands at 6.5 lakh + as of 31st March 2026.
