Turtlemint Q1 FY27 revenue up 39% to Rs 294 crore, net loss narrows
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Turtlemint recorded a 39.7% jump in revenue from operations to Rs 294.08 crore in the quarter ended June 30, 2026, from Rs 210.49 crore in the corresponding quarter of the previous fiscal year.
Turtlemint's net loss fell 19.1% to Rs 37.78 crore in Q1 FY27 from Rs 46.69 crore in Q1 FY26, according to its unaudited consolidated financial results filed with the stock exchanges.
Total income grew to Rs 295.65 crore from Rs 214.07 crore during the same period.
Its total expenses increased 27.9% to Rs 333.52 crore during the quarter, compared to Rs 260.76 crore in the year-ago period.
Employee benefit expenses grew 7.4% to Rs 65.44 crore in Q1 FY27 from Rs 60.93 crore in Q1 FY26.
Founded by Dhirendra Mahyavanshi and Anand Prakash, Turtlemint listed on the stock exchanges earlier in June this year, joining other insurtech companies PBFintech and Go Digit on the bourses.