StockWatch
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Turtlemint Fintech Solutions Ltd

BSE: 544799

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26
Revenue
21.64
-0.0%
Expenditure
52.31
-0.0%
Net Profit
-30.68
+0.0%
OPM %

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
-40.64-14.9110.8236.5562.28Q4 FY26Q1 FY27
Price Chart
Reports

Turtlemint swings to ₹37.8 Cr consolidated loss in Q1FY27 despite 40% revenue growth

insurtech · insurance broking · ipo

ResultsQ1 FY2714 Aug 20263 min

Turtlemint posts maiden consolidated profit in Q4 FY26; PAT ₹3.1 Cr, revenue +42% YoY

insurance broking · fintech ipo · consolidated turnaround

ResultsQ4 FY2602 Aug 20263 min

First Profitable Quarter, But 0.9% Margin Exposes the Real Story

profitability inflection · margin compression · renewal book growth

Result verdictFollow-upQ1 FY2722 Jul 20266 min
Latest
Quarterly Result17 Jul, 6:50 pm

Turtlemint posts maiden consolidated profit in Q4 FY26; PAT ₹3.1 Cr, revenue +42% YoY

Turtlemint Fintech Solutions reported consolidated PAT of ₹3.12 Cr for the quarter ended March 31, 2026 (Q4 FY26) — its first profitable quarter — on revenue from operations of ₹357.21 Cr, up 41.9% YoY from ₹251.65 Cr and up 28.6% QoQ from ₹277.74 Cr in Q3 FY26 (Dec-25). The standalone entity, by contrast, posted a loss of ₹30.68 Cr for the same quarter — a materially different story that owes to the two consolidated subsidiaries, Turtlemint Insurance Broking Services and Turtlemint Mutual Funds Distributors, not appearing in the standalone numbers. Consolidated net margin improved to +0.87% from -15.7% a year ago as revenue scaled faster than costs: employee benefits expense was ₹59.33 Cr and other expenses (largely variable distribution costs) were ₹302.07 Cr, the two together growing slower than the 42% YoY revenue gain. Exceptional items were negligible this quarter (₹0.03 Cr of IPO-related costs) versus a distortive ₹20.95 Cr one-off CCPS-conversion-ratio charge in Q3 FY26 that had driven that quarter's ₹62.24 Cr consolidated loss — so the QoQ swing to profit overstates the underlying improvement somewhat, while the cleaner YoY comparison (against a Q4 FY25 quarter with no exceptional items) still shows a genuine turnaround. No analyst consensus or street estimate for this print could be found — the company listed on NSE/BSE only on June 29, 2026, so pre-result broker coverage is thin. The result directly delivers on management's own prior guidance that Q4 FY26 would be the company's first adjusted-EBITDA-breakeven quarter, with FY27 targeted for consolidated profitability; the same board meeting also approved appointment of PKF Sridhar & Santhanam LLP as internal auditor for FY27. Despite the Q4 turnaround, full-year FY26 consolidated PAT remained a loss of ₹184.27 Cr on revenue of ₹1,098.28 Cr (+57% YoY per the company's own release), underscoring that one profitable quarter has not offset the year's earlier losses. Subsequent to the quarter, the company completed its ₹882.7 Cr IPO (₹660.7 Cr fresh issue plus ₹221.9 Cr offer-for-sale) and listed on June 29, 2026, and separately signed an NCD facility of up to ₹100 Cr with Trifecta Venture Debt Fund III/IV at 13.75%, drawing the ₹50 Cr first tranche on April 6, 2026. Both will shape the FY27 balance sheet and finance costs as the company works toward its stated FY30 target of an 18-20% adjusted EBITDA margin.

17 Jul 2026, 06:50 pm

Corporate Events

Board MeetingTURTLEMINT
2026
14Aug

Board Meeting

The meeting of the Board of Directors is scheduled to consid…

BSE Filing
Board MeetingTURTLEMINT
2026
17Jul

Board Meeting

The meeting of the Board of Directors is scheduled to consid…

BSE Filing