Turtlemint Q1 FY27 Premium Growth at 49.8%, Service EBITDA Up 89%
Turtlemint reported Q1 FY27 results with platform premium growing 49.8% YoY to ₹1,205 crore and revenue from operations up 40% to ₹294 crore. Service EBITDA surged 89% YoY to ₹39 crore. Adjusted EBITDA margin improved to -9% from -20%. Renewal revenue grew 66%.
The announcement details significant financial performance improvements, including substantial growth rates and enhanced profitability, which are highly material for investors and stakeholders.
The company reported strong year-on-year growth in key financial metrics like platform premium, revenue from operations, and Service EBITDA, along with improved profitability margins and operational leverage.
Turtlemint Fintech Solutions Limited announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a strong growth in platform premium, which increased by 49.8% year-on-year to ₹1,205 crore, compared to ₹804 crore in Q1 FY26. Revenue from operations saw a 40% increase, reaching ₹294 crore from ₹210 crore in the same period last year.
Service EBITDA grew significantly by 89% year-on-year, reaching ₹39 crore from ₹21 crore, indicating strengthening platform economics. The company also reported an improvement in Adjusted EBITDA as a percentage of revenue, moving from -20% in Q1 FY26 to -9% in Q1 FY27. Corporate overheads as a percentage of revenue declined from 30% to 22%, showcasing strong operating leverage. Renewal revenue demonstrated robust retention, growing by 66%.
Dhirendra Mahyavanshi, Chairperson, Managing Director & CEO, highlighted the continued momentum and the trust from partners and customers, noting the platform's scale across over 19,000 pincodes. Anand Prabhudesai, Executive Director & COO, emphasized the strengthening platform economics driven by technology, leading to increased efficiency across the business. The company operates a triadic technology platform distributing insurance, loans, mutual funds, and credit cards, with a network of over 691,000+ digital partners.
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