Shares of Turtlemint hit the 5 percent upper circuit limit on Friday after the company said it expects revenue to grow 40 percent year-on-year in FY27 and aims to turn profitable at the PAT level.
In an interview with CNBC-TV18, the company said it expects to report positive adjusted EBITDA and achieve profitability at the PAT level in FY27. It also expects the proportion of verified and active digital partners to reach 14 percent by FY27 and 15 percent by FY28.
The company expects the absolute number of activated digital partners to grow 30 percent in FY27. It is also looking to expand its distribution business into loans, mutual funds, health and wellness segments.
Brokerage firm Motilal Oswal has maintained a price target of Rs 75 on the stock, indicating an upside of 23 percent from its previous session's closing price.
In its report, Motilal Oswal said Turtlemint's revenue was in line with estimates, while profitability was better than expected.