OnEMI Technology Solutions (Kissht) Reports Stellar FY26 Results

OnEMI Technology Solutions Limited (Kissht) announced its audited financial results for FY26 and Q4 FY26, showcasing robust growth and improved operational efficiency. The company reported a Profit After Tax (PAT) of ₹281 crore for FY26, marking a significant 75% year-on-year increase. In the fourth quarter (Q4 FY26), PAT stood at ₹82 crore.

Reader Takeaway: Strong profit growth and asset quality improvement are positive, but sustained AUM growth and risk management are key.

What just happened

The company disclosed its audited financial results for the fiscal year ending March 2026 (FY26) and the fourth quarter (Q4 FY26). Key highlights include a 75% year-on-year surge in PAT to ₹281 crore for the full fiscal year and an Assets Under Management (AUM) of ₹7,066 crore as of March 2026, up 73% year-on-year.

Why this matters

These results indicate strong business momentum and effective management post-listing. The substantial profit growth, coupled with controlled asset quality metrics like a GNPA of 2.12%, suggests efficient operations and prudent risk management. The successful deployment of IPO funds further strengthens its capital base for future expansion.

The backstory

OnEMI Technology Solutions, also known as Kissht, is a digital lending platform. The company recently went public, raising ₹850 crore through an IPO which listed on May 8, 2026. A significant portion of these funds was injected into its NBFC subsidiary to fuel lending activities.

What changes now

With the IPO proceeds deployed into its subsidiary, Si Creva Capital Services Private Limited, the focus is now on executing the company's growth strategy. Management has provided guidance for FY27, targeting over 40% AUM growth, maintaining GNPA below 2.25%, and reducing credit costs.

Risks to watch

While the results are positive, investors will be watching closely to see if the company can maintain its aggressive AUM growth targets while keeping asset quality in check. The competitive fintech lending landscape also presents ongoing challenges.

Peer comparison

OnEMI's performance shows strong growth compared to many players in the digital lending and NBFC space, particularly in its PAT growth rate and improving asset quality metrics. Specific peer comparisons would depend on the evolving market dynamics and investor focus on different aspects of lending businesses.

Context metrics (time-bound)

• AUM: ₹7,066 Cr (as on Mar-26), +73% YoY
• PAT (FY26): ₹281 Cr, +75% YoY
• PAT (Q4 FY26): ₹82 Cr
• GNPA (Stage 3): 2.12% (improved 78 bps QoQ)
• NNPA: 0.29% (improved 9 bps QoQ)
• Net Worth: ₹1,343 Cr (as on Mar-26)
• Diluted EPS (FY26): ₹21.4
• Capital Raised: ₹850 Cr (IPO), ₹637 Cr infused into NBFC subsidiary.

What to track next

Investors should monitor the company's performance against its FY27 guidance, particularly AUM growth, GNPA levels, and credit cost reductions. The effective utilization of IPO capital and continued improvement in profitability metrics will be crucial.