Now Reading: Turtlemint Q2 loss narrows 67%, revenue rises 35%
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Turtlemint Q2 loss narrows 67%, revenue rises 35%
The Story in Brief
Turtlemint Fintech Solutions narrowed its consolidated net loss by 67% year-on-year to ₹25.83 crore for the September quarter (Q2 FY27), while revenue from operations rose 35% to ₹342.19 crore, the company said in a stock exchange filing on Thursday, 12 November.
Total income, including other income of ₹9.5 crore, stood at ₹352 crore. Expenses rose 25% to ₹375 crore, driven by a 31% surge in other expenses to ₹306.50 crore. Employee benefit expenses rose 4.2% to ₹64.23 crore. The company’s service EBITDA margin improved to 13.2% from 10% a year earlier. Platform premium grew 55% to ₹1,214 crore during the quarter.
For the first half of FY27, revenue grew 37.6% to ₹637 crore and net loss narrowed 50.9% to ₹61.42 crore. On Friday, 13 November, the stock hit the 5% upper circuit to ₹64.18 on the NSE before trading was halted. The bourse closed the stock at ₹64.18.
Update, 13 November 2026: Business Standard reports that on Friday, 13 November, Turtlemint shares surged 5% to hit the upper circuit at ₹64.18 on the NSE before trading was halted, citing the Q2 results. The outlet also adds brokerage views: Motilal Oswal expects a possible 30% revenue hit in FY28 from pending IRDAI regulation, while Jefferies maintains a 'Buy' rating describing the stock as a high-risk, high-reward opportunity.
Indian Opinion Analysis
Inc42, Entrackr, Business Standard and the Economic Times all report the same headline figures for Turtlemint’s September quarter: a 67% net-loss reduction to ₹25.83 crore and a 35% revenue rise to ₹342.19 crore. Every source leads with these numbers. Business Standard alone adds two brokerage views: Motilal Oswal’s estimate of a possible 30% top-line hit in FY28 and Jefferies’ ‘high-risk, high-reward’ Buy rating, both tied to unresolved IRDAI regulation. The Economic Times notes the improvement came from higher renewal income, which carries better margins than new-policy commissions. No source disputes the numbers. The uniform financial reporting leaves the regulatory uncertainty flagged by Business Standard as the only open question for the stock’s next move.
Coverage: 4 sources, 4 neutral
Sources (4): inc42.com (neutral report), entrackr.com (neutral report), economictimes.indiatimes.com (neutral report), business-standard.com (neutral report)
This brief was synthesised by AI from the 4 sources linked above, so one read covers every framing they carry. Methodology and corrections.
