Archive · 20 Jul 2026
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
- When
- Q4 FY26 (reported on Friday)
- Where
- India (listed on BSE)
- 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.
- 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