Turtlemint Fintech Solutions shares reversed losses and ended 9 per cent higher on Monday after the company slightly narrowed its loss in the first quarter of FY27.<\/p>\n
The stock closed 9.25 per cent higher at \u20b9150.15 on the NSE after rising to \u20b9157.68 from the previous close of \u20b9137.44. It had also hit an intraday low of \u20b9122.<\/p>\n
Turtlemint posted a standalone net loss of \u20b935.55 crore in Q1FY27, compared with \u20b939.65 crore in Q1FY26.<\/p>\n
Revenue from operations jumped to \u20b920.77 crore in the quarter under review from \u20b97.03 crore in the same quarter last year.<\/p>\n
Dhirendra Mahyavanshi, Chairperson, Managing Director & CEO, Turtlemint, said momentum continued into Q1 FY27, with platform premium growing 49.8 per cent and revenue from operations up 40 per cent y-o-y.<\/p>\n
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He said the performance reflected the continued strength of the company\u2019s distribution ecosystem and the trust its partners and customers place in it. Mahyavanshi added that the platform continues to scale across 19,000+ pincodes.<\/p>\n
Anand Prabhudesai, Executive Director & COO, Turtlemint, said service EBITDA growth of 89 per cent y-o-y indicated that the company\u2019s platform economics were strengthening at scale.<\/p>\n
He said technology continued to be the core reason behind increasing efficiency across the business, from digital partner onboarding to sales support.<\/p>\n
Prabhudesai added that the strong performance in Q1 FY27 gave the company confidence that it was building a durable and scalable business for the long term.<\/p>\n
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