OnEMI Technology Q1 FY27 PAT up 59%, AUM ₹8,001 cr

OnEMI Technology Solutions, the Mumbai-headquartered fintech behind the digital lending platform Kissht, reported a rise in profitability for the quarter ended June 30, 2026 (Q1 FY27). The company posted an unaudited consolidated profit after tax (PAT) of ₹95.08 crore.

The quarter also showed a sharper expansion in its loan book. Consolidated assets under management (AUM) rose 60.9% year-on-year (YoY) to about ₹8,001 crore, as per the company’s provisional business update.

Q1 FY27 profit growth and comparisons

OnEMI’s unaudited consolidated PAT of ₹95.08 crore was up 59.2% from ₹59.74 crore in Q1 FY26. The profit was also 15.7% higher than ₹82.18 crore reported in the previous quarter.

In a separate summary of quarterly results, the company also reported profit before tax (PBT) of ₹127.70 crore and tax of ₹32.62 crore for Q1 FY27. Earnings per share (EPS) for the quarter stood at ₹5.88, compared with ₹6.22 in Q4 FY26.

Revenue from operations and total income

Revenue from operations rose 44.6% YoY to ₹669.50 crore, compared with ₹463.10 crore in Q1 FY26. Other income stood at ₹7.06 crore, taking total income to ₹676.56 crore.

The same quarterly data set also noted that total income increased from ₹625.20 crore in Q4 FY26 to ₹676.56 crore in Q1 FY27, a quarter-on-quarter (QoQ) growth of 8.2%.

Expense profile: operating costs and key line items

Total expenses increased 42.2% to ₹548.85 crore from ₹385.97 crore, based on the company’s expense disclosure for the quarter. Impairment charges on financial instruments rose 27.9% to ₹128.09 crore, while finance costs increased 38.2% to ₹81.88 crore.

Employee benefit expenses were ₹70.74 crore and other expenses were ₹263.33 crore.

A separate quarterly table included in the provided results summary cited total expenses of ₹420.76 crore for Q1 FY27, up from ₹400.75 crore in Q4 FY26 (5.0% QoQ). The company’s disclosures in the provided material therefore contain different total-expense figures, and investors typically reconcile such differences using the final audited financial statements and detailed notes.

Loan book momentum: AUM and credit expansion

OnEMI reported consolidated AUM of approximately ₹8,001 crore as of June 30, 2026, compared with ₹4,972 crore as of June 30, 2025. The company said AUM increased by about ₹934 crore during Q1 FY27, translating into a 13.2% QoQ increase.

The business update also highlighted a rising share of secured products. The loan against property (LAP) portfolio mix increased to 7.7% of AUM as of June 30, 2026, compared with 2.5% a year earlier.

Disbursements, users, and customer scale

OnEMI reported overall disbursements of approximately ₹3,812 crore in Q1 FY27, up from ₹2,780 crore in Q1 FY26. The company also expanded its platform footprint.

Registered users stood at 74.60 million as of June 30, 2026, compared with 56.05 million a year earlier, a 33.1% increase. Cumulative customers served were 12.25 million versus 9.69 million in the year-ago period, a 26.4% rise. Customers served increased by 0.50 million during Q1 FY27.

Management commentary and FY27 guidance

Management guidance, as cited in the provided material, points to an upgraded outlook for FY27. OnEMI said it expects over 40% AUM growth in FY27, driven entirely by organic expansion.

The company also guided for a 15% reduction in credit costs and said it is targeting a consistent return on equity (ROE) of over 20% in upcoming quarters. For the LAP segment, management indicated it remains on track to reach breakeven by Q3 FY27 (October to December 2026 quarter), with a stated target of 20% plus ROE.

Separately, Chairman and CEO Ranvir Singh said the cost of funds is expected to decline by at least 100 basis points in the second half of FY27, following a ratings upgrade and a recent equity infusion.

Board meeting and earnings call schedule

OnEMI scheduled a Board of Directors meeting on July 29, 2026 to review and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company then slated its Q1 FY27 earnings conference call for July 30, 2026 at 12:00 noon IST.

The call was to be hosted by senior management, with Ranvir Singh (Chairman, Director and CEO) and Krishnan Vishwanathan (Director and CFO) listed as key participants. The conference call was disclosed under SEBI LODR Regulation 30.

Auditor review status

The statutory auditors conducted a limited review of the unaudited consolidated and standalone results and issued an unmodified conclusion, as stated in the provided material. The company also noted that the business update figures are provisional and subject to review by the statutory auditors.

Key numbers at a glance

Market context: why these updates matter

OnEMI’s Q1 FY27 update combines financial performance with operating metrics such as AUM and disbursements, which are closely tracked in digital lending. Higher AUM and disbursements can support revenue growth, but profitability also depends on credit costs, impairment charges, and funding costs.

In this quarter, impairment charges and finance costs were explicitly reported higher year-on-year, even as PAT rose strongly. That combination puts attention on the company’s stated FY27 priorities: reducing credit costs, lowering cost of funds following a ratings upgrade, and improving the secured LAP segment economics.

Conclusion

OnEMI Technology Solutions reported Q1 FY27 PAT of ₹95.08 crore on operating revenue of ₹669.50 crore, alongside AUM growth to about ₹8,001 crore. The company has guided for over 40% AUM growth in FY27 and expects a reduction in credit costs, while aiming for LAP breakeven by Q3 FY27. The July 29 board meeting and July 30 earnings call were positioned as the next formal checkpoints for additional detail on the quarter and the updated guidance.