GNPA (Stage 3) stood at 2.18%, representing a 75 bps YoY and 7 bps QoQ improvement, reflecting strong portfolio quality
FinTech BizNews Service
Mumbai, 29 October 2026: OnEMI Technology Solutions Limited ("Kissht" or the "Company"), a technology-first digital lender to India's mass-market and mass-affluent segments, today announced its unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2026.
Q2 FY27 Performance Highlights
• AUM expanded 68% YoY and 16% QoQ to Rs9,317 Cr, driven by continued portfolio expansion.
• Cumulative customers served crossed 12.80 Mn (+22% YoY)
• Profit After Tax (PAT) at Rs125 Cr, up 100% YoY and 32% QoQ.
• RoAAUM at 5.78% (annualised); RoAE at 21.65% (annualised).
• Diluted EPS at Rs7.1 for the quarter (vs Rs4.7 in Q2FY26, +51% YoY); Diluted BVPS at Rs130.7 as of Sep-26
Portfolio Mix & Operating Metrics
• AUM Mix (Secured / Unsecured): PL (unsecured) at ₹8,580 Cr or 92.1% of AUM; LAP (secured) at ₹737 Cr or 7.9% of AUM, with scale-up expected to continue through the remaining quarters of FY27, and beyond.
• AUM Mix (On-book / Off-book): Off-book AUM at ₹5,118 Cr (54.9% of total) across 8+ partners under the off-book model, reflecting a capital-light, partnership-led origination model. 45+ active lending and co-lending partners.
• Distribution: 100% digital PL sourcing; LAP delivered through 107 branches across 9 states & UTs.
Asset Quality & Provisioning
• GNPA (Stage 3) stood at 2.18%, representing a 75 bps YoY and 7 bps QoQ improvement, reflecting strong portfolio quality.
• NNPA at 0.34% (-2 bps QoQ), continues to operate well below 50 bps, reflecting prudent provisioning discipline.
• Stage 3 PCR at 84.55%; ECL coverage on Stage 2 assets at 77.6% (vs 59.6% in Q2FY26).
• Collection Efficiency (DPD 30) at 97.12%.
Capital Position
• Net Worth at ₹2,377 Cr (+103% YoY), >4x since Mar-23, through retained earnings, organic profitability and the Initial Public Offering in May 2026; CRAR at 34.8% with Tier-1 at 33.7%; D/E at 0.94x.
• Credit Rating: A-/Stable (CRISIL and India Ratings); A/Stable (Acuite Ratings, upgraded from A-/Stable during the quarter).
• Fundraise Post Quarter-End: Raised ₹832.2 Cr through a preferential issue, with in-principle approval from BSE and NSE received on October 19, 2026.
Outlook & Guidance for FY27
• For FY27, we expect AUM growth of 60%+. Credit cost is expected to decline by 15%+ YoY. We continue to guide GNPA below 2.25% and expect RoAE of 20%+.
Management Commentary
Mr. Ranvir Singh - Chairman, Director & CEO, Kissht, said: “Q2FY27 was a quarter of strong growth, healthy returns and continued execution against our strategic priorities. AUM grew 68% YoY to ₹9,317 crore, with Return on Average AUM at 5.8%. Our priorities remain unchanged: to grow sustainably without compromising credit quality and to deliver consistent, profitable returns over the long term. Disciplined underwriting, robust collections practices and a scalable, technology-led platform continue to underpin our performance. As we scale, we remain focused on strengthening the quality of our loan book while building a resilient business positioned for sustainable growth.”
