Mumbai: 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 YoY Growth |
|
|
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.