The company’s revenue increased 42% year-on-year to ₹357 crore, from ₹252 crore in the year-ago quarter.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) loss narrowed to ₹4.1 crore during the quarter, compared with an EBITDA loss of ₹37.3 crore in the same period last year. Service EBITDA increased 60% year-on-year to ₹60 crore.
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FY26
For FY26, revenue from operations grew 57% to ₹1,098 crore. The company added over 1.1 lakh digital partners during the year, taking the total number of digital partners to over 6.5 lakh as of March 31, 2026.
Service EBITDA rose 70% year-on-year to ₹142 crore during FY26, while Platform Premium increased 31% year-on-year to ₹3,868 crore. Renewal revenue grew 51% to ₹224 crore.
The company’s adjusted EBITDA as a percentage of revenue improved to 10% in FY26 from 27% in FY25. Corporate overheads as a percentage of revenue declined to 23% in FY26 from 38% in FY25.
Dhirendra Mahyavanshi, Chairperson, Managing Director and CEO, said, “Our growth this quarter reflects the distribution strength of our platform and ecosystem.
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We are excited to begin our journey as a listed company, reflecting the strength of our business model and disciplined execution. Today, more than 6.5 lakh+Digital Partners, supported by partnerships with 46 insurers and a presence across 19,000+ PIN codes, are helping make insurance more accessible to millions of Indians.”
Anand Prabhudesai, Executive Director and 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.”
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Shares of Turtlemint Fintech Solutions Ltd ended at ₹135.90, down by ₹2.45, or 1.77%, on the BSE.
