OnEMI Technology Solutions reported a strong FY26 performance, with PAT climbing 75% to Rs 281 crore and AUM expanding 73% to Rs 7,066 crore. The company, which listed its shares in May 2026, highlighted improved asset quality with GNPA dropping to 2.12%. Management has set an ambitious AUM growth target of over 40% for FY27, focusing on its secured lending portfolio and AI-driven underwriting.
OnEMI Technology Solutions FY26 Results: PAT Surges 75%
Profit After Tax (PAT) stood at Rs 281 crore, while Total Income climbed 63% to Rs 2,209 crore for the fiscal year.
Reader Takeaway: Robust AUM growth and asset quality improvement drive performance, while competitive pressure remains a key watch point.
What just happened
OnEMI Technology Solutions, which debuted on the bourses on May 8, 2026, released its FY26 performance report. The company achieved a 73% expansion in its Assets Under Management (AUM), reaching Rs 7,066 crore. Asset quality improved significantly, with Gross Non-Performing Assets (GNPA) narrowing to 2.12% from 2.89% in the previous year, supported by collection efficiency consistently staying above 97%.
Why this matters
The results demonstrate successful operating leverage for the lender following its recent IPO. The company's ability to maintain high growth rates while simultaneously improving its GNPA ratio highlights the effectiveness of its AI-driven credit underwriting model, which currently processes over 7,000 data variables.
The backstory
Following a successful IPO that saw a 9.9x subscription earlier this year, the firm is transitioning toward scaling its secured lending portfolio, specifically targeting the Loan Against Property (LAP) segment. This pivot is intended to diversify the company's risk profile while maintaining a high growth trajectory.
What changes now
Management has issued guidance for FY27, projecting AUM growth of over 40%. The company is prioritizing investments in technology to bolster collections and customer experience. Additionally, the Board is undergoing a minor transition following the resignation of Non-Executive Nominee Director Piyush Kharbanda, effective August 17, 2026.
Risks to watch
Despite strong growth, the company faces stiff competition from established banks and other fintech players, which could pressure customer acquisition costs. Furthermore, management identified pockets of stress within its MSME and microfinance portfolios that warrant continued investor attention.
What to track next
The 10th Annual General Meeting (AGM) scheduled for September 22, 2026, will be a key event for shareholders to gain further insight into the strategic roadmap for the upcoming fiscal year.