Turtlemint Fintech Solutions Releases Q2 2026 Unaudited Results; Consolidated Income stands at 295.65 Crore INR

Turtlemint Fintech Solutions Releases Q2 2026 Unaudited Results; Consolidated Income stands at 295.65 Crore INR

Turtlemint Fintech Solutions Releases Q2 2026 Unaudited Results; Consolidated Income stands at 295.65 Crore INR​

Turtlemint Fintech Solutions Limited, formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited, has released its Unaudited Consolidated and Standalone Financial Results for the quarter ended June 30, 2026. The results detail the financial performance of the company and its subsidiaries over the reporting period.

The Board of Directors reviewed and approved these unaudited financial statements, which include both consolidated figures covering the entire group and standalone metrics for the parent company.

Consolidated Financial Performance (Quarter ended June 30, 2026)​

Consolidated results show that Total income reached 295.65 crore INR for the quarter ended June 30, 2026. Expenses for the period were reported at 333.52 crore INR. The group recorded a total comprehensive loss of 38.15 crore INR.

The key financial metrics for the consolidated entity are presented below:

ParticularsFor the Quarter Ended June 30, 2026 (Unaudited)For the Year Ended March 31, 2026 (Audited)
Total Income295.65 crore INR1,109.35 crore INR
Total Expenses333.52 crore INR1,246.99 crore INR
Profit/(Loss) before tax(37.87) crore INR(192.57) crore INR
Net Loss / Total Comprehensive Income(38.15) crore INR(185.55) crore INR

Standalone Financial Performance (Quarter ended June 30, 2026)​

In terms of the parent company’s standalone results for the same quarter, total income stood at 21.92 crore INR. Total expenses were reported at 57.47 crore INR, and the company recorded a net loss amounting to 35.63 crore INR. The paid-up equity share capital increased to 29.45 crore INR for the quarter.

The performance overview for the standalone entity is as follows:

ParticularsFor the Quarter Ended June 30, 2026 (Unaudited)For the Year Ended March 31, 2026 (Audited)
Total Income21.92 crore INR54.82 crore INR
Total Expenses57.47 crore INR208.23 crore INR
Profit/(Loss) before tax(35.55) crore INR(153.41) crore INR
Net Loss / Total Comprehensive Income(35.63) crore INR(208.67) crore INR

Operational Highlights and Financing Details​

Notes accompanying the financial statements provided context on significant corporate events during the period. The company completed its Initial Public Offer (IPO) of 5,80,70,398 equity shares with a face value of 1 INR at an issue price of 152 per share. This IPO comprised a fresh issue of 4,34,68,552 shares, amounting to 660.72 crore INR, and an offer for sale of 1,46,01,846 equity shares by selling shareholders totaling 221.95 crore INR. The company’s equity shares were listed on the NSE and BSE on June 29, 2026.

Furthermore, during the quarter ended June 30, 2026, the Company received an amount of 50 crore INR from Trifecta Venture Debt Fund - III and Trifecta Venture Debt Fund - IV toward the issuance of 13.75% Non-Convertible Debentures (NCDs). These NCDs are secured by a first charge over all present and future assets of the Company and its subsidiary, Turtlemint Mutual Funds Distributors Private Limited, and a second charge over all present and future assets of its subsidiary, Turtlemint Insurance Broking Services Private Limited.

The company also allocated 12,33,880 Equity Shares to eligible Employees during the quarter ended June 30, 2026, pursuant to employee stock option schemes.

TURTLEMINT Stock Price Movement​

Turtlemint Fintech Solutions Limited shares today slipped by 1.59% to settle at ₹137.44, as the stock moved down amid post-market trading activity. The equity saw a total traded volume of 990,909 shares during the session.
 

Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.

The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.

Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.

Editorial Note

This news article was written and created by Himanshu, and published on IST.
Back
Top