The call ran from 6:00 PM to 7:01 PM IST (1 h 1 min).

Key takeaways

Strong H1 growth (revenue +38%, premium +52%) and shrinking losses, but the draft regulation threatens POSP economics and management gave no numbers on the impact.

Highlights
Revenue growth	Revenue +38% H1 (₹637 Cr); Q2 +35% (₹342 Cr); renewal revenue +52%.
Margins	Adj. EBITDA margin −6% Q2 vs −14%; overheads 21% of revenue.
Demand visibility	Platform premium +52% H1 to ₹2,419 Cr; active POSPs 96,368.
Management confidence	Optimistic; defensive on regulation, gave no quantified impact.

Growth

Q2 revenue ₹342 Cr (+35%); H1 ₹637 Cr (+38%); service EBITDA ₹85 Cr (+66%); adj. EBITDA margin −6% vs −14%.

Outlook

No quantified guidance. Service EBITDA to be held flat in absolute terms next year; cash to end FY27 slightly higher than ₹740 Cr.

Risks

Proposed regulation cuts distributor commissions; no quantified FY28 profit hit given; cross-sell still unproven.

Last quarter's promises, checked

Delivered

Guided service EBITDA growth faster than revenue → service EBITDA +66% vs revenue +38% H1 (= BEAT)
Guided Q2 bigger than Q1 → Q2 ₹342 Cr vs Q1 ₹294 Cr (= BEAT)
Guided sub-EBITDA costs to rise only with inflation → overheads flat in absolute terms (= BEAT)

Partly delivered

Guided ~40% YoY revenue growth → H1 +38%, Q2 +35% (= PARTIAL)
Guided adj. EBITDA positive in FY27 → Q2 adj. EBITDA margin still −6% (= PARTIAL)

Missed

Guided service EBITDA margin ~16% near term → ~13% H1 (₹85 Cr on ₹637 Cr, computed) (= MISS)

Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published 12 Nov 2026, 10:57 PM IST. Open it on ALFA Filings ›

The results behind this call

12 Nov 2026 17:42 IST BSE

Financial Results

Turtlemint Fintech Solutions Q2 FY27 Results: Net Loss of ₹25.8 Cr, Loss Narrows

Turtlemint Fintech Solutions Ltd reported revenue from operations of ₹342.2 Cr (+35.4% YoY) and a net loss of ₹25.8 Cr for Q2 FY27.

Key figure: Net loss ₹25.8 Cr

Open full results → Read the filing ↗

What management said last time

Full summary →

From the call summary published 14 Aug 2026.

Outlook they gave

Management targets reducing corporate overheads from 22% to below 8% over the next 4-5 years for EBITDA profitability.

Growth they described

Revenue grew 40% YoY to ₹294 Cr; renewal revenue surged 58% to ₹65 Cr. Platform premiums rose 49% to ₹1,205 Cr.

Call details

Company	Turtlemint Fintech Solutions Ltd
NSE symbol	TURTLEMINT
ISIN	INE0OC301013
Call	Q2 FY27 earnings call
Date	Thursday, 12 November 2026
Time	6:00 PM IST
Length	1 h 1 min