Turtlemint Fintech Solutions Limited announced its unaudited financial results for Q2 FY27 and H1 FY27 ended September 30, 2026, showing strong growth across key metrics.

Financial Performance - Q2 FY27 vs Q2 FY26

  • Platform Premium: ₹1,214 crore (up 55% from ₹786 crore)
  • Revenue From Operations: ₹342 crore (up 35% from ₹253 crore)
  • Service EBITDA: ₹45 crore (up 47% from ₹30 crore)
  • Adjusted EBITDA as % of revenue improved from -14% to -6%
  • Corporate overheads as % of Revenue declined from 26% to 19%

Financial Performance - H1 FY27 vs H1 FY26

  • Platform Premium: ₹2,419 crore (up 52% from ₹1,590 crore)
  • Revenue From Operations: ₹637 crore (up 38% from ₹463 crore)
  • Service EBITDA: ₹85 crore (up 66% from ₹51 crore)
  • Adjusted EBITDA as % of revenue improved from -17% to -7%
  • Corporate overheads as % of Revenue declined from 28% to 21%
  • Renewal Revenue grew by 52%

Management Commentary

Dhirendra Mahyavanshi (Chairperson, MD & CEO) and Anand Prabhudesai (Executive Director & COO) stated that Q2 FY27 demonstrated consistent delivery with strong premium and revenue growth. They highlighted that the 47% Service EBITDA growth shows improving efficiency in serving incremental business, attributing this to years of technology investment. The company's advisors and customers continue to choose Turtlemint, driving growth across 19,000+ pincodes.

Business Operations and Scale

  • Operates India's largest certified network of over 550,000+ registered Point of Sale Persons (PoSPs)
  • Coverage across 19,000+ pin codes
  • Total digital partners: 728,000+
  • Facilitated sale of over 30 million+ insurance policies
  • Partnerships with 46 insurers
  • Product categories: health, life, motor, and business insurance

Terminology Definitions

  • Service EBITDA: Revenue from operations less Customer Acquisition Cost, Direct Employee Cost, and Costs of Direct Operations
  • Platform Premium: Total premium received on insurance policies (net of GST) issued through the platform
  • Adjusted EBITDA: Loss for the period plus total tax expense, finance costs, depreciation & amortisation expense, share based payment expense and exceptional items less other income

Corporate Structure

  • Formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited

Media Contacts

  • Company Contact: Gunjan Wathodkar (gunjan.wathodkar@turtlemint.com, +91 9819272007)
  • PR Agency: Adfactors PR - Sailee Nayak (sailee.nayak@adfactorspr.com, +91 9930167115)

Standard Disclaimer

The document includes forward-looking statements subject to risks and uncertainties, and disclaims any obligation to update such statements. It is for informational purposes only and does not constitute investment advice.