Turtlemint Fintech Solutions Limited has announced its unaudited consolidated financial results for the quarter and half year ended September 30, 2026. The company reported a consolidated net loss of ₹25.83 crore for the quarter ended September 30, 2026, compared to a loss of ₹37.78 crore in the previous year. For the half-year, the net loss stood at ₹63.61 crore, an improvement from ₹125.14 crore in the same period last year. Revenue from operations for the quarter stood at ₹342.19 crore.
Turtlemint Fintech Solutions Announces Financial Results for Q2 2026
Turtlemint Fintech Solutions Limited has officially released its unaudited consolidated financial results for the quarter and half-year ended September 30, 2026. The company’s Board of Directors reviewed and approved these results during a meeting held on November 12, 2026.
Quarterly Performance
For the quarter ended September 30, 2026, Turtlemint Fintech Solutions reported total income of ₹351.66 crore. Total expenses for the same period amounted to ₹375.21 crore, resulting in a profit/(loss) before exceptional items and tax of ₹(23.55) crore. After accounting for tax expenses, the net loss for the quarter was ₹25.83 crore, a notable improvement from the ₹37.78 crore loss reported in the corresponding quarter of the previous year.
Half-Yearly Performance
For the half-year ended September 30, 2026, the company’s total income was ₹648.21 crore, with total expenses reaching ₹709.63 crore. This led to a profit/(loss) before exceptional items and tax of ₹(61.42) crore. The net loss for the half-year, after tax, was ₹63.61 crore. This represents a significant reduction in loss compared to the ₹125.14 crore net loss recorded for the same period in the prior year.
Key Financial Highlights (Consolidated)
- Revenue from operations (Q2 2026): ₹342.19 crore
- Net Loss (Q2 2026): ₹25.83 crore
- Net Loss (H1 2026): ₹63.61 crore
- Total Equity (as of Sep 30, 2026): ₹867.58 crore
Independent Auditor’s Review
S.R. Batliboi & Co. LLP, Chartered Accountants, have conducted a limited review of the accompanying unaudited consolidated financial results. Their report states that based on their review, nothing has come to their attention that causes them to believe that the Statement is not prepared in accordance with applicable accounting standards and regulations or contains any material misstatement.
IPO Proceeds Utilization
The company also provided an update on the utilization of its Initial Public Offer (IPO) proceeds. As of September 30, 2026, a total of ₹19.25 crore of the gross proceeds of ₹660.72 crore had been utilized. Key areas of expenditure include cloud and server infrastructure, salary for technology teams, and marketing initiatives.
Source: BSE
