OnEMI Technology Solutions Reports Strong FY26 Growth

OnEMI Technology Solutions (Kissht) announced its audited financial results for FY26. The company's Profit After Tax (PAT) reached ₹281 crore, marking a significant 75.2% year-on-year increase. Total income grew by 63.3% to ₹2,209 crore in the same period.

Reader Takeaway: Robust PAT and AUM growth, but watch scaling impact on asset quality.

What just happened

OnEMI Technology Solutions, operating as Kissht, has declared its audited financial results for the fiscal year ending March 2026. Key financial highlights include a Profit After Tax (PAT) of ₹281 crore, a 75.2% rise compared to the previous year. Total income saw a substantial increase of 63.3% to ₹2,209 crore. Assets Under Management (AUM) also demonstrated strong expansion, growing by 73% year-on-year to ₹7,066 crore. Asset quality improved, with Gross Non-Performing Assets (GNPA) reducing to 2.12% from 2.89% in the prior year.

Why this matters

These results are significant for investors as they reflect the company's strong growth trajectory and improving financial health, especially in its first full financial year post-listing on the NSE and BSE in May 2026. The robust growth in income and profit, coupled with better asset quality and expanding AUM, indicates positive operational performance and market acceptance.

The backstory

OnEMI Technology Solutions, known for its digital lending platform Kissht, successfully listed on the Indian stock exchanges in May 2026. The company has been focusing on leveraging technology, including AI/ML, for its operations. The previous year, FY25, had highlighted concerns about sector-wide overleverage, which the company claims its risk management frameworks navigated successfully.

What changes now

The strong financial performance and improved asset quality position the company for future growth. Management's commentary suggests a focus on further optimizing cost structures as AUM scales, potentially leading to further benefits for customers and improved impairment costs. Investors will be looking for continued execution on these strategies.

Risks to watch

While the outlook is positive, investors should monitor the company's ability to sustain its high AUM growth while maintaining or improving asset quality. The success and implications of its off-book partner model, and the effective management of operating expenses which rose 69.2%, remain key factors.

Peer comparison

(No specific peer comparison data was provided in the filing.)

Context metrics

• AUM: ₹7,066 crore (FY26) vs ₹4,085 crore (FY25)
• Total Income: ₹2,209 crore (FY26) vs ₹1,353 crore (FY25)
• PAT: ₹281 crore (FY26) vs ₹161 crore (FY25)
• GNPA: 2.12% (March 2026) vs 2.89% (March 2025)
• Capital Adequacy Ratio: 25.28% (FY26)

What to track next

Investors should monitor the company's performance in FY27, specifically its ability to continue growing its AUM and customer base, its asset quality metrics, and any updates on cost optimization strategies and their impact on profitability.