Turtlemint Fintech Solutions Reports Strong Premium Growth of 49.8% and Service EBITDA Surge in Q1 FY27

Turtlemint Fintech Solutions Reports Strong Premium Growth of 49.8% and Service EBITDA Surge in Q1 FY27​

Mumbai: Turtlemint Fintech Solutions Limited (BSE: 544799 | NSE: TURTLEMINT) has announced its unaudited financial results for the quarter ended June 30, 2026, revealing significant growth momentum and marked improvements in profitability. The company reported a robust increase in platform premium alongside substantial growth in Service EBITDA.

The Q1 FY27 results highlight key operational strength across multiple segments of the business. Platform Premium recorded a growth rate of 49.8%, while Revenue from Operations grew by 40%. A major financial highlight was the 89% year-over-year increase in Service EBITDA, reaching INR 39 crore.

The company’s performance metrics for Q1 FY26 and Q1 FY27 are summarized below:


Dhirendra Mahyavanshi, Chairperson, Managing Director and CEO of Turtlemint, stated that the company’s momentum continued into Q1 FY27. He attributed this success to the continued strength of their distribution ecosystem and the trust placed by customers and partners. He noted satisfaction with the pace at which the platform is scaling across over 19,000 pincodes.

Anand Prabhudesai, Executive Director and COO of Turtlemint, commented on the operational efficiencies gained. He stated that the 89% Y-o-Y growth in Service EBITDA clearly indicates strengthening platform economics at scale. He added that technology remains central to increasing efficiency across all business layers, from digital partner onboarding to sales support, building a durable and scalable model for the long term.

Key highlights from Q1 FY27 include:

• Premium Growth: Platform premium grew 49.8% year-on-year (YoY).
• Efficiency Gains: Service EBITDA grew by 89% YoY to INR 39 crore, reflecting ongoing margin expansion in the service area.
• Profitability Improvement: Adjusted EBITDA as a percentage of revenue improved significantly, moving from -20% in Q1 FY26 to -9% in Q1 FY27.
• Cost Management: The trend towards operating leverage continued as corporate overheads as a percentage of Revenue declined, falling from 30% in Q1 FY26 to 22% in Q1 FY27.
• Retention Strength: Renewal Revenue grew by 66%, demonstrating strong retention capabilities on the platform.

TURTLEMINT Stock Price Movement​

Shares of Turtlemint Fintech Solutions Limited on Friday slipped by 1.59% to settle at ₹137.44. The stock saw activity across a trading range spanning from ₹135.76 to ₹145.85, with 990,909 shares being traded.