TURTLEMINT
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Jefferies initiates Turtlemint buy with 37% upside target
Jefferies has initiated coverage on Turtlemint Fintech Solutions with a 'buy' rating and a price target of ₹190, implying a 37% upside from recent levels. The stock jumped over 5% following the call, with analysts highlighting the company's strong point-of-sale partner (POSP) growth outlook as a key driver. The positive sentiment has been reinforced across multiple financial media outlets, with shares continuing to trade higher.
Turtlemint narrows Q1 loss to ₹38 crore on 40% revenue jump
Turtlemint Fintech Solutions reported a consolidated net loss of ₹38 crore for the quarter ended June 30, 2026, narrowing from a loss of ₹47 crore in the year-ago period. Revenue from operations rose 40% year-on-year to ₹294 crore in the first quarter of FY27, compared with ₹210 crore in the same quarter last year. Adjusted EBITDA loss stood at ₹26 crore, compared with an EBITDA loss of ₹42 crore in Q1 FY26.
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