Kissht Q2 Profit Doubles to ₹125 Cr as Revenue Jumps 45%

Kissht's parent, OnEMI Technology Solutions, reported a 100.4% jump in consolidated net profit to ₹125.1 Cr for the September quarter of FY27, up from ₹62.4 Cr a year earlier. Operating revenue climbed 44.7% to ₹731.8 Cr from ₹505.7 Cr.

On a sequential basis, net profit rose 31.6% from ₹95.1 Cr and operating revenue grew 9.3% from ₹669.5 Cr. Total income, including ₹8.5 Cr of other income, stood at ₹740.3 Cr. Expenses increased 34.9% to ₹586 Cr, slower than revenue, which lifted margins. Pre-provision operating profit rose 39.9% to ₹287 Cr.

Portfolio growth and asset quality

Assets under management grew 68% year on year and 16% quarter on quarter to ₹9,317 Cr. Personal loans made up ₹8,580 Cr, or 92.1%, while loans against property contributed ₹737 Cr, or 7.9%. Off-book loans originated with partner lenders accounted for 54.9% of AUM, and the company had more than 45 lending and co-lending partners.

Disbursements rose 55.7% to ₹4,611.5 Cr. The average ticket size increased 84.7% to ₹43,377, and average tenure lengthened to 17.8 months from 12.45 months. Kissht has served 12.8 Mn customers cumulatively, 3.61 Mn of them active.

Gross NPA declined to 2.18% from 2.93% a year ago and 2.25% in the June quarter. Net NPA was 0.34%, the provision coverage ratio 84.55% and 30-day-past-due collection efficiency 97.12%. The lender credited its underwriting and risk systems, including AI and machine learning for credit decisions, fraud detection and collections.

Higher guidance and capital infusion

For FY27, Kissht lifted its AUM growth guidance to over 60% from over 40%, and now expects credit costs to fall by more than 15% year on year, against 10-15% earlier. It kept its GNPA target below 2.25% and set return on average equity guidance at over 20%, from 19-21%.

The board also approved a ₹624.1 Cr rights-issue investment in wholly owned subsidiary Si Creva, using at least 75% of the proceeds of its ₹832.2 Cr preferential issue. The infusion is expected to close by the end of December. "Our priorities remain unchanged: to grow sustainably without compromising credit quality," CEO Ranvir Singh said.