Quarterly Result14 Aug 2026, 05:40 pm
Turtlemint Q1 FY27: Platform Premium Up 49.8%, Service EBITDA Grows 89%
AI Summary
Turtlemint Fintech Solutions Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a strong 49.8% year-on-year growth in platform premium, reaching ₹1,205 crore. Revenue from operations increased by 40% to ₹294 crore. A significant highlight was the 89% surge in Service EBITDA, which grew to ₹39 crore, indicating strengthening platform economics. Adjusted EBITDA as a percentage of revenue improved from -20% to -9%, and corporate overheads as a percentage of revenue declined from 30% to 22%, showcasing operating leverage. Renewal revenue also saw a substantial 66% increase, underscoring strong customer retention.
Key Highlights
- Platform premium grew 49.8% YoY to ₹1,205 crore in Q1 FY27.
- Revenue from operations increased 40% YoY to ₹294 crore.
- Service EBITDA surged 89% YoY to ₹39 crore.
- Adjusted EBITDA margin improved significantly.
- Renewal revenue grew 66%, indicating strong retention.
Price Impact
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