Turtlemint Fintech Solutions Limited has announced robust financial results for the quarter and half-year ended September 30, 2026. The company reported a significant 55% year-on-year growth in platform premium and a 47% increase in Service EBITDA for Q2 FY27. Revenue from operations also saw a healthy 35% rise year-on-year, underscoring the company’s expanding reach and operational efficiency.
Turtlemint Announces Strong Q2 FY27 Financial Performance
Turtlemint Fintech Solutions Limited, on November 12, 2026, announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a significant increase in key performance indicators, highlighting strong business momentum and improving profitability.
Q2 FY27 Key Highlights
For the second quarter of Fiscal Year 2027 (Q2 FY27), Turtlemint witnessed a 55% year-on-year (YoY) growth in platform premium, reaching INR 1,214 crore. Revenue from operations increased by 35% YoY to INR 342 crore. Service EBITDA saw a substantial 47% YoY jump, amounting to INR 45 crore. This growth was attributed to the expanding distribution network and increasing efficiency in serving incremental business.
Key achievements in Q2 FY27 include:
- Continued strong business momentum with platform premium growing 55% YoY.
- Revenue from operations grew 35% YoY.
- Service EBITDA grew 47% YoY to INR 45 crore, reflecting ongoing margin expansion.
- Adjusted EBITDA as a percentage of revenue improved from -14% in Q2 FY26 to -6% in Q2 FY27.
- Strong operating leverage resulted in corporate overheads as a percentage of revenue declining from 26% in Q2 FY26 to 19% in Q2 FY27.
H1 FY27 Performance
For the first half of Fiscal Year 2027 (H1 FY27), the company’s platform premium grew by 52% YoY. Revenue from operations increased by 38% YoY. Service EBITDA demonstrated robust growth of 66% YoY, reaching INR 85 crore. Renewal Revenue also saw a notable increase of 52%, indicating strong customer retention.
Key highlights for H1 FY27 include:
- Platform premium grew 52% YoY.
- Revenue from operations grew 38% YoY.
- Service EBITDA grew 66% YoY to INR 85 crore.
- Adjusted EBITDA as a percentage of revenue improved from -17% in H1 FY26 to -7% in H1 FY27.
- Corporate overheads as a percentage of revenue declined from 28% in H1 FY26 to 21% in H1 FY27.
- Renewal Revenue grew by 52%.
The company highlighted that its technology investments are powering efficiency, from partner onboarding to customer support, enabling them to build a business designed for longevity.
Source: BSE
