# Turtlemint turns profitable in Q4; revenue jumps 57% to Rs 1,098 Cr in FY26 — retained record

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source: [news](https://highsignal.app/data/news) (news:india-entrackr)  published 2026-07-18 09:01 ingested 2026-07-18 14:58

[original source ↗](https://entrackr.com/fintrackr/turtlemint-turns-profitable-in-q4-revenue-jumps-57-to-rs-1098-cr-in-fy26-12175788)

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Digital insurance distribution platform Turtlemint reported its first-ever quarterly profit of Rs 3 crore in the fourth quarter of previous fiscal year (FY26), while its revenue from operations rose 42% year-on-year.
According to the company’s financial statements filed on NSE, Turtlemint’s revenue from operations grew to Rs 357 crore in Q4 FY26 from Rs 252 crore in Q4 FY25.
Founded by Dhirendra Mahyavanshi and Anand Prabhudesai, Turtlemint operates a technology-led platform for the distribution of insurance and other financial products.
The Mumbai-based company’s service EBITDA rose 60% year-on-year to Rs 60.1 crore in Q4 FY26, while adjusted EBITDA turned positive at Rs 2.9 crore against a loss of Rs 33.5 crore in the corresponding quarter last year.
For the fiscal year ended FY26, the company registered 57% year-on-year growth to Rs 1,098.3 crore in FY26 from Rs 700.3 crore in FY25. The company also reduced its adjusted EBITDA loss to Rs 105.5 crore in FY26 from Rs 186.3 crore in FY25.
For the March quarter, Turtlemint reported a net profit of Rs 3.1 crore, compared to a loss of Rs 39.4 crore in Q4 FY25. However, the quarterly profit included a deferred tax asset of Rs 8.2 crore. Excluding this, the company would have reported a loss of Rs 5.2 crore during the quarter.
Turtlemint said platform premium, a key business metric representing insurance premium processed through its platform, increased 31% to Rs 3,868 crore in FY26. Renewal revenue also rose 51% to Rs 224 crore.
The company added over 1.1 lakh digital partners during the year, taking its total network to more than 6.5 lakh partners. It currently works with 46 insurers and has a presence across more than 19,000 pin codes.
The company was listed on the stock exchanges last month and had a muted market debut, with its shares listing at Rs 134.9, an 11.25% discount to the IPO issue price of Rs 152. At the close of trading on Friday, the stock settled at Rs 135.99 on the NSE, valuing the company at Rs 4,006 crore.
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