Turtlemint Fintech Solutions Ltd reported its first-ever profitable quarter in Q4 FY26, posting a consolidated net profit of ₹3.1 crore compared to a loss of ₹39.4 crore in the same quarter last year. The company expects to end FY27 profitable despite seasonal quarterly volatility, according to a top executive. Shares jumped over 13.5% on the BSE following the earnings announcement, reaching an intraday high of ₹154.20 (inc42.com).
The company’s operating revenue rose 42% year-on-year and 29% quarter-on-quarter to ₹357.2 crore in Q4 FY26, with total revenue including other income at ₹360.4 crore. Total expenses increased 23% year-on-year to ₹365.6 crore. Turtlemint benefited from a deferred tax credit of ₹8.3 crore, which helped it report a net profit. Without this credit, the company would have posted a loss before tax of ₹5.2 crore. The firm also turned adjusted EBITDA positive, reporting ₹2.9 crore in the quarter (inc42.com).
Turtlemint listed on the BSE on June 29 at a 10% discount to its issue price, raising ₹660.7 crore through a fresh issue and an offer for sale of 1.46 crore shares. The IPO was subscribed 1.2 times. Despite reporting a 20% year-on-year rise in net loss for the first nine months of FY26 to ₹187.3 crore, the company narrowed its full-year net loss by 5% to ₹184.3 crore from ₹194.1 crore in FY25. The profitable quarter marks a milestone for the fintech startup amid a challenging market (inc42.com).
Dhirendra Mahyavanshi, co-founder of Turtlemint, confirmed the company expects FY27 to be profitable despite some loss-making quarters due to seasonality. The firm’s first profitable quarter post-listing signals improved financial health as it navigates quarterly volatility (livemint.com).