Kissht Q2 FY27: Parent OnEMI Reports 100% Profit Growth to ₹125 Crore
- OnEMI Technology Solutions’ consolidated net profit doubled to ₹125.1 crore in Q2 FY27, up 100.4% year-on-year.
- Revenue from operations increased 44.7% to ₹731.8 crore, while AUM grew 68.4% to ₹9,317 crore.
- The company’s GNPA improved to 2.18%, while cumulative customers served reached 12.8 million.
Digital lending platform Kissht’s parent company, OnEMI Technology Solutions, reported a 100.4% year-on-year increase in consolidated net profit to ₹125.1 crore for the quarter ended September 30, 2026, compared with ₹62.4 crore in the same quarter last year.
Revenue from operations rose 44.7% year-on-year to ₹731.8 crore from ₹505.7 crore in Q2 FY26, supported by growth in the company’s lending portfolio. On a sequential basis, net profit increased 31.6% from ₹95.1 crore in Q1 FY27, while operating revenue grew 9.3% from ₹669.5 crore.
Including other income of ₹8.5 crore, OnEMI’s total income stood at ₹740.3 crore during the quarter. Profit before tax increased to ₹154.2 crore from ₹83 crore in the year-ago period.
AUM Grows 68% as Secured Lending Expands
OnEMI’s assets under management (AUM) increased 68.4% year-on-year to ₹9,317 crore as of September 30, 2026, compared with ₹5,533 crore a year earlier. AUM also increased 16.4% sequentially during the quarter.
Loan disbursements rose 56% year-on-year to approximately ₹4,612 crore, compared with ₹2,963 crore in Q2 FY26. The company’s Loan Against Property (LAP) portfolio also increased its share of total AUM to 7.9% from 4.1% a year earlier.
The company reported that cumulative customers served reached 12.8 million by the end of September, up 22.5% from 10.45 million a year earlier. Its registered user base stood at 79.54 million, compared with 59.96 million in September 2025.
Asset quality also improved during the period. Gross non-performing assets (GNPA) stood at 2.18%, down 75 basis points year-on-year, while net NPA was 0.34%.
On the cost side, total expenses increased 34.9% year-on-year to ₹586 crore from ₹434.5 crore. Impairment on financial instruments, which includes provisions for expected credit losses, increased 8.7% to ₹133.1 crore from ₹122.4 crore. Other expenses rose 65.9% to ₹308 crore from ₹185.7 crore.
₹624 Crore Capital Infusion Planned for Si Creva
Alongside its quarterly results, OnEMI’s board approved an investment of approximately ₹624.1 crore in its wholly owned lending subsidiary, Si Creva Capital Services, through a rights issue.
The investment will be funded from the proceeds of OnEMI’s ₹832.2 crore preferential share issue, which was completed on October 23, 2026. The company allotted 2.65 crore equity shares to 34 investors at ₹314.11 per share. The investors included Axis Mutual Fund, HDFC Mutual Fund, Groww Mutual Fund and Bandhan Mutual Fund.
According to the company filing, the proposed investment is intended to strengthen Si Creva’s capital base and support its future lending requirements. The investment is expected to be completed by the end of December 2026.
OnEMI had already infused ₹637.5 crore into Si Creva from its IPO proceeds by September-end, which the subsidiary used for loan disbursements, according to the company’s filings.
OnEMI Technology Solutions made its stock market debut in May 2026 following a ₹926 crore IPO, which included a fresh issue of ₹850 crore.