Insurtech Turtlemint cuts Q2 FY27 consolidated net loss 67% YoY to ₹25.8 crore

Insurtech company Turtlemint cut its consolidated net loss for the September quarter (Q2 FY27) by 67% to ₹25.8 crore, from ₹78.5 crore in the year-ago period.

On a sequential basis, the loss declined 32% from ₹37.8 crore.

Operating revenue rose 35% year on year and 16% quarter on quarter to ₹342.2 crore. Including other income of ₹9.5 crore, total income came to ₹351.7 crore.

Total expenses rose 25% year on year to ₹375.2 crore, a slower pace than revenue. Tax expenses for the quarter were ₹2.3 crore.

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