Service EBITDA grew by 89%
Mumbai: Turtlemint Fintech Solutions Limited (“Turtlemint”) (BSE: 544799 |
NSE: TURTLEMINT), today announced its financial results for the quarter ended
June 30, 2026, delivering strong growth while achieving key profitability
milestones.
|
Particulars (INR Cr) |
Q1 FY26 |
Q1 FY27 |
YoY Growth |
|
Platform
Premium |
804 |
1,205 |
49.8% |
|
Revenue
From Operations |
210 |
294 |
40% |
|
Service
EBITDA |
21 |
39 |
89% |
Speaking on the results,
Dhirendra Mahyavanshi, Chairperson, Managing Director & CEO, Turtlemint
said, "Our momentum has
continued to Q1 FY27, with platform premium growing 49.8% and revenue from
operations up from 40% year on year. This reflects the continued strength of
our distribution ecosystem and the trust our partners and customers place in us.
We are pleased with the pace at which our platform continues to scale across
19,000+ pincodes.”
Anand Prabhudesai,
Executive Director & COO, Turtlemint said, “Service EBITDA growth of 89% Y-o-Y is a clear signal
that our platform economics are strengthening at scale. Technology continues to
be the core reason behind the increasing efficiency across every layer of the
business, from digital partner onboarding to sales support. The strong
performance in Q1 FY27 gives us confidence that we are building a durable and
scalable business for the long term.”
Key Highlights for Q1 FY27
● Strong business momentum continued as
platform premium grew 49.8% YoY
● Revenue from operations grew 40% YoY
● Service EBITDA grew 89% YoY to INR 39
crore as Service EBITDA margin expansion continues
● Adjusted EBITDA as a % of revenue
improved from -20% in Q1 FY26 to -9% in Q1 FY27
● Strong operating leverage continues
to play out as corporate overheads as % of Revenue declined from 30% in Q1 FY26
to 22% in Q1 FY27
● Renewal Revenue grew by 66%,
demonstrating strong retention on our platform