Digital lending platform Kissht has posted one of the strongest quarters in its history. Its parent company, OnEMI Technology Solutions Ltd, reported that consolidated net profit for the September quarter (Q2 FY27) doubled to ₹125.1 crore, up from ₹62.4 crore a year earlier, as its loan book continued to grow rapidly.
Revenue from operations rose 44.7% year-on-year to ₹731.8 crore, compared with ₹505.7 crore in Q2 FY26, according to the company’s stock exchange filing on 28 October. Sequentially, net profit grew 31.6% from ₹95.1 crore in the June quarter, while revenue rose 9.3% from ₹669.5 crore.
Loan book growth at 68%
Kissht’s assets under management (AUM) rose 68% year-on-year and 16% quarter-on-quarter to ₹9,317 crore at the end of September, from ₹5,533 crore a year earlier. The company added about ₹1,316 crore to its portfolio during the quarter.
Disbursements grew 56% year-on-year to ₹4,612 crore, from ₹2,963 crore in Q2 FY26, and were up about 21% from ₹3,812 crore in the previous quarter. Cumulative customers served crossed 12.8 million, an increase of 22% over last year.
Unsecured personal loans still make up most of the book, at about 92% of AUM. However, the lender is building out its secured business: loans against property accounted for 7.9% of AUM at the end of September, almost double the 4.1% share a year ago.
Returns and balance sheet
Kissht reported an annualised return on average AUM of 5.78% and return on average equity of 21.65% for the quarter. Diluted EPS rose to ₹7.1 from ₹4.7 a year earlier. Gross NPA stood at 2.18%, according to the company’s investor presentation.
Impairment charges, including provisions for expected credit losses, rose a modest 8.7% to ₹133.1 crore, much slower than the growth in the loan book. Total expenses increased 34.9% to ₹586 crore.
Net worth more than doubled to ₹2,377 crore, helped by retained earnings and the company’s initial public offering in May 2026. Capital adequacy (CRAR) was 34.8%, with Tier-1 capital at 33.7%, and the debt-to-equity ratio was 0.94x. During the quarter, Acuite Ratings upgraded the company to A/Stable.
Fresh capital for the lending arm
After the quarter ended, OnEMI raised ₹832.2 crore through a preferential issue, allotting about 26.5 million shares to 34 investors, including Axis Mutual Fund, HDFC Mutual Fund, Groww Mutual Fund and Bandhan Mutual Fund. Its board has approved investing ₹624.1 crore of this into its wholly owned NBFC subsidiary, Si Creva Capital Services, through a rights issue to support further lending.
Guidance raised
For FY27, Kissht now expects AUM growth of more than 60%, up from its earlier guidance of more than 40%. It expects credit costs to fall by more than 15% year-on-year, gross NPA to stay below 2.25% and return on equity to be above 20%.
“Q2FY27 was a quarter of strong growth, healthy returns and continued execution against our strategic priorities,” said Ranvir Singh, Chairman, Director and CEO, Kissht. “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.”
The results come as India’s listed digital lenders face closer scrutiny of unsecured credit. Kissht’s numbers suggest that technology-led lenders with tight underwriting can grow quickly while keeping asset quality under control, and its move into secured lending points to a more balanced book over time.
