Kissht doubles Q2 profit to Rs 125 Cr as its loan book grows 68%

Kissht, the digital lending platform run by OnEMI Technology Solutions, reported consolidated net profit of Rs 125.1 crore for the September quarter of FY27, up from Rs 62.4 crore a year earlier, according to its results filed with the NSE. Operating revenue rose 44.7% to Rs 731.8 crore from Rs 505.7 crore. Sequentially, profit grew 31.6% and revenue 9.3%, Inc42 reported. For the first half of FY27, Entrackr reported operating revenue of Rs 1,401 crore and profit of Rs 220 crore.

Assets under management grew 68% year on year to Rs 9,317 crore at the end of September. Personal loans made up Rs 8,580 crore, or 92.1%, and loans against property the remaining Rs 737 crore. More than half of the book, Rs 5,118 crore, was originated off-book through more than 45 lending and co-lending partners. Disbursements rose 55.7% to Rs 4,611.5 crore, the average ticket size climbed 84.7% to Rs 43,377, and average tenure stretched to 17.8 months from 12.45 months.

Asset quality improved. Gross NPAs fell to 2.18% from 2.93% a year earlier, net NPAs stood at 0.34%, and the provision coverage ratio was 84.55%. Impairment losses rose only 9% to Rs 133 crore, Entrackr reported, while other expenses jumped 65.6% to Rs 308 crore.

Kissht raised its FY27 AUM growth guidance to over 60% from over 40%, and now expects credit costs to fall by more than 15% rather than 10% to 15%. Its board approved a Rs 624.1 crore rights issue investment in its lending subsidiary Si Creva Capital Services, funded from its Rs 832.2 crore preferential issue and expected to complete by the end of December. The company was founded in 2015 by Ranvir Singh and Krishnan Vishwanathan.