1 month ago
Turtlemint Shares Surge 13.5% After First Profitable Quarter
Turtlemint, a company that helps people buy insurance, made a small profit for the first time in its last quarter (Q4 FY26).
This is a big deal because they were losing money in the same quarter last year and the quarter before that.
Their shares went up by more than 13.5% when this news came out.
The profit was partly because of a tax benefit, but the company is still doing better overall.
They added a lot of new partners and sold many insurance policies.
The company hopes to make a profit for the whole year in FY27.
Turtlemint reported its first-ever quarterly profit of ₹3.1 Cr in Q4 FY26, compared to a loss of ₹39.4 Cr in the same quarter last year.
Shares surged over 13.5% to a record high of ₹154.20 before paring some gains to trade 6.3% higher at ₹144.50.
Operating revenue rose 42% YoY and 29% QoQ to ₹357.2 Cr, while total expenses increased 23% YoY to ₹365.6 Cr.
The profit was partly due to a deferred tax credit of ₹8.3 Cr; without it, the company would have reported a loss before tax of ₹5.2 Cr.
Turtlemint added over 1.15 Lakh digital partners in FY26, expanding its network to over 6.59 Lakh and issuing 7.83 Mn policies.
- Who
- Turtlemint, an insurance distribution platform
- What
- Reported its first-ever profitable quarter in Q4 FY26
- Where
- India (listed on BSE)
- When
- Q4 FY26 (reported on Friday)
- Why
- Due to a deferred tax credit and operational improvements
Optimistic Investors
Cautious Analysts
Profitability Outlook
Optimistic Investors
Investors are optimistic about Turtlemint's future profitability, driven by the company's first-ever profitable quarter and expectations of full-year profitability in FY27.
Cautious Analysts
Analysts remain cautious, noting that the profit was partly due to a deferred tax credit and the company would have otherwise reported a loss.
Key facts
- Q4 FY26 Net Profit
- ₹3.1 Cr
- Q4 FY25 Net Loss
- ₹39.4 Cr
- Q3 FY26 Net Loss
- ₹62.2 Cr
- Q4 FY26 Operating Revenue
- ₹357.2 Cr
- Q4 FY26 Total Revenue
- ₹360.4 Cr
- Q4 FY26 Total Expenses
- ₹365.6 Cr
- Deferred Tax Credit
- ₹8.3 Cr
- Adjusted EBITDA
- ₹2.9 Cr
- Market Capitalisation (as of 14:19 PM IST)
- ₹4,255.2 Cr ($441.7 Mn)
- Digital Partners Added in FY26
- 1.15 Lakh
- Total Digital Partners
- 6.59 Lakh
- PIN Codes Covered
- 19,000+
- Insurers Partnered
- 46
- Policies Issued in FY26
- 7.83 Mn
Quotes
Anand Prabhudesai
Executive Director and COO of Turtlemint
“As we continue to invest in technology and AI, our focus remains on empowering our partners, enhancing customer experiences, and building one of India’s most trusted digital insurance distribution platforms.”
inc42.com
Sources
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