NSEPress Release17 Jul 2026 · 17 Jul 2026, 06:51 pm
Press Release
Turtlemint Fintech Solutions Limited · TURTLEMINT
✦ AI Summary▲ PositiveResults
Turtlemint Fintech Solutions Limited has reported its financial results for the quarter and financial year ended March 31, 2026, delivering strong growth while achieving key profitability milestones. The company has reported a 57% revenue growth in FY26 and a 42% revenue growth in Q4FY26.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment9/10
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Full Announcement
Turtlemint Fintech Solutions Limited has informed the Exchange regarding a press release dated July 17, 2026, titled "Press Release on Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026.".
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July 17, 2026
To, To
The Manager The Manager,
Listing Department Listing Department
BSE Limited (“BSE”) National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, (“NSE”)
Dalal Street, Fort Exchange Plaza, Plot No. C/1, G Block,
Mumbai 400 001. Bandra-Kurla Complex, Bandra (East),
Mumbai 400 051.
BSE Scrip Code: 544799
NSE Symbol: TURTLEMINT
ISIN: INE0OC301013
Sub: Press Release on Audited Financial Results (Standalone and Consolidated) for the
quarter and financial year ended March 31, 2026.
Dear Sir/Ma’am,
In reference to the above captioned subject, please find attached a copy of Press Release with
respect to Audited Financial Results (Standalone and Consolidated) of the Company for the
quarter and financial year ended March 31, 2026.
The same is also available on the website of the Company at www.turtlemint.com
Request you to take the same on your record and acknowledge.
Yours Faithfully,
Thanking You,
For Turtlemint Fintech Solutions Limited
(Formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions
Private Limited)
Prashant Saini
Company Secretary & Compliance Officer
Membership No. A23769
Encl: As above
Turtlemint reports profitableQ4 FY26;Revenue growthof 57%inFY26
Mumbai, 17 July 2026: Turtlemint Fintech Solutions Limited (“Turtlemint”) (BSE: 544799 | NSE: TURTLEMINT),
today announced its financial results for the quarter and financial year ended March 31, 2026, delivering strong
growthwhileachievingkeyprofitabilitymilestones.
FY25 YoY YoY
Particulars(INRMn)* FY26 Q4FY25 Q4FY26
(Proforma) Growth Growth
RevenueFromOperations 7,003 10,983 57% 2,516 3,572 42%
ServiceEBITDA 832 1,416 70% 376 601 60%
AdjustedEBITDA (1,863) (1,055) -335 29 NM
%ofRevenuefromoperations -27% -10% 17% -13% 1% 14%
ProfitAfterTaxandexceptional
(2,026) (1,843) -394 31 NM
items
*TurtlemintFintechSolutionLtdacquiredTurtlemintInsuranceBrokingServicesPrivateLimitedwitheffectfromMay8,2024(materialsubsidiary),
Hence,theproformafinancialhasbeencompiledbythemanagementoftheCompanyonavoluntarybasistoillustratetheimpactoftheacquisition
ofTIBonthefinancialperformanceforthefinancialyearsendedMarch31,2025
Speakingontheresults,DhirendraMahyavanshi,Chairperson,ManagingDirector&CEO,said"Ourgrowththis
quarter reflects the distribution strength of our platform and ecosystem. We are excited to begin our journey as a
listedcompany,reflectingthestrengthofourbusinessmodelanddisciplinedexecution.Today,morethan6.5lakh+
Digital Partners, supportedby partnerships with 46 insurers and a presence across19,000+ PIN codes, are helping
makeinsurancemoreaccessibletomillionsofIndians.”
Anand Prabhudesai, Executive Director & COO, said, “As we continue to invest in technology and AI, our focus
remains on empowering our partners, enhancing customer experiences, and building one of India's most trusted
digital insurance distribution platforms. The business is in excellent shape, with strong momentum across our key
growth drivers, and we remain focused on executing our long-term strategy to create sustainable value for all our
stakeholders."
KeyHighlightsforQ4FY26
Delivered1steverprofitablequarterofthecompanyasProfitAfterTaxcameinatINR3crore
Strongbusinessmomentumcontinuedasrevenuegrew42%
ServiceEBITDAgrew60%YoYtoINR60croreasServiceEBITDAmarginexpansioncontinues
KeyHighlightsforFY26
Revenuefromoperationssawstronggrowthof57%toINR1,098crore
Added1.1lakh+DigitalPartnersduringtheyear
ServiceEBITDAgrew70%YoYtoINR142croreasServiceEBITDAmarginsexpanded
PlatformPremiumgrew31%YoYtoINR3,868crore
Renewalrevenuegrew51%toINR224crore
AdjustedEBITDAas%ofrevenueimprovedfrom(27%)inFY25to(10%)inFY26
Strong operating leverage continues to play out as corporate overheads as % of Revenue declined from
38%inFY25to23%inFY26
TotalDigitalPartnersstandsat6.5lakh+asof31stMarch2026.
**********************************
NotestoEditors:
TerminologyNotes:
ServiceEBITDA:ServiceEBITDAequalsrevenuefromoperationslessCustomerAcquisition Cost(i.e.,totalexpenses
directly attributable to operational activities in generating revenue from operations which includes commission paid),
Direct Employee Cost (i.e., employee benefit expenses relatedto the salespersonnel who arethe primary contact for
digital partners for their pre and post sales activities including renewals and claims support) and Costs of Direct
Operations(i.e.certaintechplatformscostspertainingtopolicyissuance,post-salessupport,renewalsandclaims)
Platform Premium: Platform premium refers to total premium (i.e payment and consideration) received on insurance
policies(netofGoodsandServiceTax)thatwereissuedorre-issuedbyaninsurancecompanythroughourplatform.
AdjustedEBITDA:AdjustedEBITDAfortherelevantperiod/yearequalslossfortheperiod/yearplustotaltaxexpense,
finance costs, depreciation & amortisation expense, share based payment expense and exceptional items less other
income
TurtelmintFintechSolutionsLimited
Headquartered in Mumbai (India) Turtlemint Fintech Solutions operates a triadic technology platform that creates a seamless,
collaborativeecosystemfordistributingfinancialproducts—includinginsurance,loans,mutualfunds,andcreditcards—throughits
subsidiaries. Powered by advanced technology, Turtlemint enables its network of 650,000+ digital partners to deliver a
comprehensivesuiteoffinancialsolutions,expandingaccesstoinsuranceaswellaslendingandinvestmentproducts.
AboutTurtlemintInsuranceBrokers
Founded in 2015 by Dhirendra Mahyavanshi and Anand Prabhudesai, Turtlemint Insurance Brokers (a subsidiary of Turtlemint
Fintech Solution Limited, also known as Turtlemint Insurance – www.turtlemintinsurance.com) is one of India’s leading digital
insurance advisory and distribution platforms. The company operates a technology-driven platform that connects customers,
insuranceadvisors,andinsurers,transforminginsurancedistributionbyaddressingcriticalgapsinaccessand awareness.Asof
March31, 2026, Turtlemint has builtIndia’s largestcertified network ofover 532,000+registered Pointof Sale Persons(PoSPs)
across 19,000+ pin codes, enabling them with digital tools, AI-powered recommendations, and continuous training through the
TurtlemintProappandwebsite.Turtleminthasfacilitatedthesaleofover29million+insurancepoliciesacrosshealth,life,motor,
andbusinessinsurance,inpartnershipwith46insurers.Itspaperless,digital-firstprocessesensureaseamlessjourneyfrompolicy
selectiontoclaims.
SocialHandles:Instagram|Linkedin|Twitter|Facebook|YouTube
MediaContacts:
ForTurtlemintFintechSolutionsLimited
GunjanWathodkar| gunjan.wathodkar@turtlemint.com|+919819272007
ForAdfactorsPR
SaileeNaik|sailee.nayak@adfactorspr.com|+919930167115
Disclaimer
ThisdocumenthasbeenpreparedbyTurtlemint(togetherwithitssubsidiaries)solelytoprovideasummaryupdateonitsfinancial
and operating performance for the relevant period. Certain statements contained in this document that are not statements of
historical fact constitute forward-looking statements. These include, without limitation, statements concerning the Company’s
strategyandbusinessplans,expansionofitsdistributionnetwork,productandtechnologyroadmap,expectedmarketopportunity,
anticipatedrevenue,profitabilityorotherfinancialoroperationalmetrics.Forward-lookingstatementsarebasedontheCompany’s
current expectations, assumptions and estimates regarding its business and the markets in which it operates and are neither
promisesnorguaranteesoffutureperformance.Theyinvolveknownandunknownrisks,uncertaintiesandotherfactors,manyof
whicharebeyondtheCompany’scontrol,thatcouldcauseactualresults,performanceorachievementstodiffermateriallyfrom
thoseexpressedorimpliedherein.Suchfactorsinclude,amongothers:changesinlawsorintheregulatoryframework;thepace
ofadoptionofdigitalinsurancedistribution;competitivedynamics;technologydisruptions;generaleconomic,politicalandmarket
conditions; Company’s ability to execute its growth plans etc. In view of these uncertainties, readers should not place undue
relianceonanyforward-lookingstatement,whichspeaksonlyasatthedateofthisdocu
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