Turtlemint Q1: Loss Trims 19% YoY To ₹38 Cr, Operating Revenue Increased 40%
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Recently listed insurtech company Turtlemint managed to trim down its Q1 FY27 net loss 19% to ₹37.8 Cr from a loss of ₹46.7 Cr in the same quarter last year. Sequentially, the company slipped into the red from a net profit of ₹3.1 Cr.
Operating revenue jumped 40% to ₹294.1 Cr from ₹210.5 in the June quarter of the previous fiscal. On a sequential basis, the company’s top line dipped 18% from ₹357.2 C.
Including other income worth ₹1.6 Cr, the company’s total income for the quarter stood at ₹295.7 Cr.
Meanwhile, total expenses for the quarter under review increased 28% YoY to ₹333.5 Cr.
(The story will be updated soon)
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