OnEMI Q2 FY27 Update: AUM Jumps 68% YoY

Provisional Q2 FY27 business update

OnEMI Technology Solutions Limited released a provisional business update for the quarter ended September 30, 2026. The company reported consolidated Assets under Management (AUM) of ₹9,317 crore as of September 30, 2026. It said the disclosed numbers are provisional and remain subject to review by the statutory auditors. The update matters because AUM, disbursements, and customer metrics are key operating indicators for digital lenders, and they shape market expectations ahead of quarterly results.

AUM climbs to ₹9,317 crore

OnEMI said AUM rose 68.4% year-on-year from ₹5,533 crore recorded on September 30, 2025 to ₹9,317 crore on September 30, 2026. The company also reported sequential expansion during Q2 FY27, with AUM increasing by about ₹1,316 crore. That translates into 16.4% quarter-on-quarter growth on a consolidated basis. The update did not provide product-wise AUM breakup beyond the Loan Against Property portfolio mix.

User base growth and customer scale

As of September 30, 2026, OnEMI’s registered user base stood at 79.54 million. This was reported as a 32.6% increase from 59.96 million as of September 30, 2025. The company also disclosed cumulative customers served at 12.80 million, up 22.5% from 10.45 million over the same period. These two metrics together indicate growth at both the top of the funnel (registered users) and the serviced base (customers served).

Disbursements rise in Q2 FY27

OnEMI reported overall disbursements of approximately ₹4,612 crore for Q2 FY27. This compares with ₹2,963 crore in Q2 FY26. It also compares with ₹3,812 crore in Q1 FY27, implying a sequential increase in the run rate into the September quarter. The company’s update did not add details on ticket sizes, tenors, or product mix for disbursements.

Loan Against Property (LAP) mix inches up

The Loan Against Property portfolio mix increased to 7.9% of AUM as of September 30, 2026. This was higher than 4.1% as of September 30, 2025. The LAP mix was also slightly higher than 7.7% reported as of June 30, 2026. The disclosure signals that LAP is becoming a larger part of the book, though it remains a single-digit share of overall AUM.

Compliance updates: trading window closure

Separately, the company disclosed that it closed its trading window for designated persons and their immediate relatives from October 1, 2026. The restriction will remain in force until 48 hours after the declaration of the unaudited financial results for the quarter and half year ended September 30, 2026. The disclosure said the restriction applies to all securities of the company. OnEMI also stated that the Board meeting date to approve Q2 FY27 and H1 FY27 unaudited financial results has not yet been scheduled, and will be informed to the stock exchanges in due course.

Investor outreach and governance items

OnEMI said it would host non-deal road shows with institutional investors on September 29 and 30, 2026. The company indicated that discussions in these meetings would rely on public information. In another corporate update, OnEMI appointed Ms. Ramadevi Satish Venigalla as Secretarial Auditor for FY27 to FY31, with the appointment approved at the 10th AGM held on September 22, 2026.

Recent financial snapshot from disclosed quarterly numbers

The provided quarterly financial table shows revenue from ₹373 crore in Mar 2025 rising to ₹677 crore in Jun 2026, while net profit increased from ₹54 crore in Mar 2025 to ₹95 crore in Jun 2026. Reuters items also reported June-quarter consolidated revenue from operations at ₹670 crore and consolidated PAT at ₹95.08 crore, consistent with the June 2026 quarter scale disclosed in the dataset. For the March quarter, Reuters reported consolidated revenue from operations at ₹619 crore and consolidated PAT at ₹82.18 crore.

Key numbers at a glance

Quarterly financials table (₹ crore)

Why this update matters for investors

For a lender, AUM and disbursements together indicate book growth and origination momentum, while the user and customer metrics provide a view on distribution scale. The jump in AUM to ₹9,317 crore and disbursements of ₹4,612 crore in Q2 FY27 provides an operational read-through ahead of the company’s unaudited results. The rising LAP mix to 7.9% also signals a gradual shift in portfolio composition, which investors typically track because secured products can change risk and yield characteristics. However, the company has explicitly said the numbers are provisional and subject to audit review, so investors generally wait for the final financial statements for confirmation.

Company profile (as provided)

OnEMI Technology Solutions Limited is described as a technology-enabled lender in India that offers digital loans through its mobile application. It operates digital consumer lending platforms under the brand Kissht, and also operates Ring, as per the provided company description. The dataset also states that the company runs its credit business via an RBI-registered NBFC subsidiary, Si Creva Capital Services. The current update is positioned within “Other Financial Services” in the provided industry classification.

Conclusion

OnEMI’s provisional Q2 FY27 update shows higher consolidated AUM, higher quarterly disbursements, and continued growth in registered users and customers served, alongside a modest increase in LAP mix. The company has also closed the trading window from October 1, 2026 until 48 hours after announcing Q2 FY27 and H1 FY27 unaudited results. OnEMI said the Board meeting date for approving the unaudited results will be communicated to stock exchanges in due course, which will be the next key milestone for investors tracking confirmed quarterly performance.