EL7.AI
StocksMedium•29 October 2026•
2 min read

OnEMI, owner of Kissht, doubles Q2 profit 100% to 125 crore rupees

Key Facts

1Profit after tax rose 100% year on year to 125 crore rupees in the quarter ended September 30, 2026.
2Assets under management rose 68% year on year to 9,317 crore rupees, and 16% quarter on quarter.
3Gross non-performing assets stood at 2.18%, an improvement of 75 basis points year on year.
4The company raised 832.2 crore rupees through a preferential issue after the quarter ended, with in-principle approval granted on October 19, 2026.

OnEMI Technology Solutions, which operates under the Kissht brand, reported a 100% year-on-year increase in profit after tax to 125 crore rupees for the quarter ended September 30, 2026, in unaudited results for the quarter and first half of fiscal 2027. The results showed assets under management expanding 68% year on year to 9,317 crore rupees, and rising 16% from the previous quarter. Portfolio growth alongside doubled profit puts the focus on the company's ability to continue expanding while maintaining credit quality. Chief Executive Ranveer Singh said the company is targeting "sustainable growth without compromising credit quality" and consistent, profitable returns over the long term. Management also attributed the performance to discipline in credit underwriting and collections, as well as its technology platform.

Gross stage three non-performing assets stood at 2.18% in September, an improvement of 75 basis points year on year and 7 basis points from the previous quarter. Net non-performing assets were 0.34%, down 2 basis points quarter on quarter. The indicators reflect an improvement in asset quality during a period when the portfolio grew 68% year on year. The portfolio consisted mainly of unsecured personal loans worth 8,580 crore rupees, representing 92.1% of total assets under management. Secured property loans amounted to 737 crore rupees, or 7.9% of the total.

Off-balance-sheet assets under management stood at 5,118 crore rupees, equivalent to 54.9% of the total as of September 2026. The company's net worth was 2,377 crore rupees, up 103% year on year. Its capital adequacy ratio to risk-weighted assets reached 34.8%. After the quarter ended, the company raised 832.2 crore rupees through a preferential issue. The BSE and NSE had granted in-principle approval for the issue on October 19, 2026.

The cumulative number of customers served exceeded 12.80 million as of September, up 22% year on year. Diluted earnings per share were 7.1 rupees in the second quarter of fiscal 2027, compared with 4.7 rupees in the corresponding period of the previous fiscal year, an increase of 51%. Annualized return on average assets under management was 5.78%, while annualized return on average equity was 21.65% during the quarter. These indicators complete the picture of the company's growth in earnings, customers and portfolio, alongside improving delinquency rates. Singh said management seeks to maintain credit quality and deliver profitable returns over the long term.