Turtlemint Fintech Solutions' Q1 FY 2026-27 Quarterly Results

Result Summary

• Turtlemint Fintech Solutions Ltd reported a 18.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 38.1%.
• Its expenses for the quarter were down by 8.6% QoQ and up 28.7% YoY.
• The net profit decreased 1310.9% QoQ and decreased 19.1% YoY.
• The earnings per share (EPS) of Turtlemint Fintech Solutions Ltd declined at 1.47 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Turtlemint Fintech Solutions Ltd is a company operating within the financial technology sector. The primary focus of the company is to facilitate the distribution of insurance products through digital platforms, leveraging technology to simplify and streamline the insurance purchase process for consumers. The company functions as an intermediary, connecting various insurance providers with potential customers through its platform. As of the current data, specific recent major developments or changes in the company's strategic direction are not available.

Revenue

In the first quarter of fiscal year 2027 (Q1FY27), Turtlemint Fintech Solutions Ltd reported a total income of ₹295.65 crores. This figure represents a decrease of 18.0% quarter-over-quarter (QoQ) compared to ₹360.44 crores in the fourth quarter of fiscal year 2026 (Q4FY26). However, when compared year-over-year (YoY) to the first quarter of fiscal year 2026 (Q1FY26), there is a notable increase of 38.1% from ₹214.07 crores. The revenue performance showcases a significant growth trajectory on an annual basis, although it reflects a contraction in sequential quarterly performance.

Profitability

For Q1FY27, Turtlemint Fintech Solutions Ltd recorded a profit before tax (PBT) of -₹37.87 crores, which has significantly deteriorated from -₹5.17 crores in Q4FY26, marking a dramatic QoQ change of 632.5%. Compared to Q1FY26, where the PBT was -₹46.69 crores, the YoY change is -18.9%. The profit after tax (PAT) for Q1FY27 is -₹37.78 crores, a stark contrast to a positive PAT of ₹3.12 crores in Q4FY26, reflecting a QoQ change of -1310.9%. Compared to the -₹46.69 crores in Q1FY26, the YoY change is -19.1%. The earnings per share (EPS) for Q1FY27 is -₹1.47, compared to ₹0.12 in Q4FY26, indicating a QoQ decline of -1325.0% and a YoY improvement from -₹1.76, reflecting a change of -16.5%.

Operating Metrics

The total expenses incurred by Turtlemint Fintech Solutions Ltd in Q1FY27 amounted to ₹334.26 crores, which represents a decrease of 8.6% from the previous quarter (Q4FY26) where expenses stood at ₹365.61 crores. Compared to the same quarter of the previous year (Q1FY26), when total expenses were ₹259.67 crores, there is an increase of 28.7%. This data indicates a reduction in expenses on a quarterly basis but an increase annually. The tax expense for Q1FY27 is recorded at -₹0.09 crores, a significant decrease of 98.9% from -₹8.30 crores in Q4FY26. There is no change in tax expenses compared to Q1FY26, which recorded no tax expense. These financial metrics highlight the company's cost management and fiscal policies over the specified periods.