Turtlemint Q4 FY26: revenue up 57%, first adjusted EBITDA breakeven quarter
TURTLEMINT · price
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Turtlemint Fintech Solutions reported FY26 revenue of INR 10,983 Mn, up 57% YoY, and Service EBITDA of INR 1,416 Mn, up 70%. Platform premium grew 31% to INR 38,678 Mn. Digital partners reached 6,59,073 with 7.83 Mn policies issued. Q4 FY26 marked the first quarter of adjusted EBITDA breakeven at INR 29 Mn, versus a loss of INR 335 Mn a year ago. Corporate overheads fell from 38% to 23% of revenue. Renewal revenue grew 51% to INR 2,246 Mn. PAT loss narrowed to INR 1,843 Mn from INR 2,026 Mn. The company distributes insurance across 19,186 pin codes via 46 insurer partners.
Strong revenue and EBITDA growth with first quarterly adjusted EBITDA breakeven signals improving path to profitability, though full-year PAT remains negative.