Results · Financial Services

Turtlemint posts first quarterly net profit in Q4 FY26

By Startup Enthusiast · 18 July 2026

What they do

Turtlemint is a technology platform that distributes insurance, mutual funds and loans through a network of advisors

It reported a net profit of Rs 3.1 crore in Q4 FY26, its first quarterly profit, on revenue of Rs 357 crore

The company expects full-year profitability in FY27, driven by growth in renewal premiums

Turtlemint reported its first-ever quarterly net profit of Rs 3.1 crore in Q4 FY26.
The net profit includes a deferred tax asset of Rs 8.2 crore; excluding that, the company had a loss of Rs 5.2 crore.
Revenue from operations in Q4 FY26 was Rs 357 crore, up 42% from Rs 252 crore in Q4 FY25.
For the full year FY26, revenue stood at Rs 1,098.3 crore, up 57% from Rs 700.3 crore in FY25.
Service EBITDA in Q4 FY26 was Rs 60.1 crore, up 60% year-on-year.
Adjusted EBITDA turned positive at Rs 2.9 crore in Q4 FY26, compared to a loss of Rs 33.5 crore in Q4 FY25.
The company listed on stock exchanges in June 2026 at an IPO price of Rs 152 and listed at Rs 134.9, an 11.25% discount.
The stock closed at Rs 135.99 on NSE on 18 July 2026, giving a market cap of Rs 4,006 crore.

This is Turtlemint's first quarterly profit since its founding in 2015, marking a milestone in its path to profitability.
The company expects its first full-year profitability in FY27, driven by growth in renewal business.
Renewal revenue in FY26 was Rs 224 crore, up 51%, showing strong recurring income.
The stock rose over 10% to an intraday high of Rs 154.30 on BSE on 20 July 2026 after the results.

Turtlemint is a technology-led platform for distribution of insurance and other financial products.
It operates through a network of Point of Sale Persons (PoSPs) who sell health, life and motor insurance to customers.
Products include health insurance, car insurance, bike insurance, life insurance, mutual funds and loans.
The TurtlemintPro Advisor App helps advisors sell insurance, mutual funds and loans with marketing tools, customer management and training.
The Turtlemint Consumer App lets customers track policies, handle claims and get renewal reminders.
Turtlefin provides embedded insurance and SaaS solutions for banks, NBFCs, e-commerce companies, fintechs and enterprises, with go-to-market in less than 30 days.
The company works with 46 insurers and has a presence across more than 19,000 pin codes.
It added over 1.1 lakh digital partners in FY26, taking its total network to over 6.5 lakh partners.
The website claims 1.6 crore+ policies sold and 5 lakh+ advisors.

Turtlemint expects first full-year profitability in FY27, driven by growth in renewal business.