OnEMI Technology Q1 FY27: Profit up 59%, revenue 45%

Key takeaways from the June 2026 quarter

OnEMI Technology Solutions Ltd., which operates under the Kissht brand and is listed as NSE: KISSHT and BSE: 544754, reported a sharp year-on-year rise in both revenue and profitability for the quarter ended June 30, 2026. Consolidated net profit rose 59.16% to ₹95.08 crore, compared with ₹59.74 crore in the same quarter last year. Consolidated revenue from operations increased 44.57% to ₹669.50 crore from ₹463.10 crore. The company also highlighted that loan disbursements during the period were supported by the utilisation of IPO proceeds.

Consolidated financial performance: revenue and profit rise

For the quarter ended June 30, 2026, OnEMI reported consolidated revenue from operations of ₹669.50 crore, reflecting a 45% year-on-year increase as stated in the company update. Profit growth outpaced revenue growth, with consolidated net profit after tax reported at ₹95.08 crore, up 59% year-on-year. The company also reported profit before tax of ₹127.70 crore, up 60% from ₹79.75 crore in the year-ago period. The numbers indicate that profitability expanded as income growth stayed ahead of the increase in costs.

Expenses grew slower than revenue in the same period

Total expenses for the quarter were reported at ₹548.85 crore, compared with ₹385.97 crore in the year-ago period. In percentage terms, the company disclosure cited a 16% rise in total expenses in one reference and a +42% year-on-year change in the table provided alongside the financial metrics, while still showing revenue growing faster than expenses on an absolute basis. With revenue at ₹669.50 crore and expenses at ₹548.85 crore, the gap supported the jump in profit before tax to ₹127.70 crore. Investors typically track this relationship closely in lending and fintech businesses because it points to operating leverage during periods of rapid growth.

IPO proceeds used to fund loan disbursements

OnEMI stated that growth was fuelled by loan disbursements using ₹772.50 crore of IPO proceeds during the quarter. Fresh capital can increase disbursement capacity, especially when the business is scaling its loan book. The company’s narrative linked the stronger top-line performance to accelerated disbursements funded by the IPO raise. This is important context for readers because it connects the quarterly growth rate to the company’s capital position.

Standalone profit figure also reported

Alongside the consolidated numbers, the company update mentioned a standalone net profit of ₹51.95 crore for the quarter. While the article content did not provide a full standalone income statement, the standalone net profit figure gives an additional view of performance excluding subsidiaries or consolidation adjustments.

Provisional business update: AUM jumps to about ₹8,001 crore

Separately, the company provided a provisional consolidated business update for the quarter ended June 30, 2026, indicating a sharp rise in Assets Under Management (AUM). AUM was reported at approximately ₹8,001 crore as of June 30, 2026, up 60.9% year-on-year from ₹4,972 crore as of June 30, 2025. The company also disclosed that AUM increased by approximately ₹934 crore during the quarter, representing a 13.2% quarter-on-quarter increase. The company flagged that these figures are provisional and not yet audited.

Disbursements, users, and customer base: what changed

On operating activity, overall disbursements were approximately ₹3,812 crore in the quarter, compared with ₹2,780 crore a year earlier, representing growth of 33.5% as stated in one section and 37.1% in another table within the provided text. User metrics also expanded: 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 rose to 12.25 million from 9.69 million, reflecting 26.4% year-on-year growth, and the update stated that customers served increased by 0.50 million during the quarter.

Portfolio mix: LAP share rises to 7.7% of AUM

OnEMI’s business update also pointed to a shift in portfolio composition. The Loan Against Property (LAP) portfolio mix increased to 7.7% of AUM as of June 30, 2026. This compares with 2.5% as of June 30, 2025 and 7.3% as of March 31, 2025, as disclosed in the same update. Portfolio mix matters because secured products like LAP can change risk and yield characteristics, although the article text did not provide further details on credit metrics.

Board approval, auditor review, and what is provisional

The company said its Board of Directors, at a meeting held on Wednesday, July 29, 2026, approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, based on the Audit Committee’s review and recommendation. It also noted that the statutory auditors issued a limited review report with an unmodified opinion on the unaudited financial results. At the same time, the business update figures on AUM, disbursements, and user metrics were repeatedly described as provisional and not yet audited, which is relevant for readers assessing the reliability and finality of those operational numbers.

Earnings call details: July 30, 2026

OnEMI has scheduled an earnings conference call for July 30, 2026, at 12:00 PM IST. The call is expected to feature CEO Ranvir Singh and CFO Krishnan Vishwanathan discussing the unaudited financial results for the quarter ended June 30, 2026. Such calls are typically used to provide management commentary and address analyst questions on growth drivers, funding, product mix, and the operational trajectory.

Snapshot table: financials and operating metrics reported

Why these updates matter for investors

The June 2026-quarter data combines two important threads: strong income statement growth and an operational update showing rapid expansion in AUM, disbursements, and platform scale. The company has tied part of the disbursement momentum to the use of IPO proceeds, which may be closely watched in upcoming disclosures for sustainability and unit economics. Investors also need to separate audited or reviewed financial statements from provisional operating indicators, especially when the business update is explicitly marked as unaudited. The July 30, 2026 earnings call and the board-approved unaudited results are likely to be key checkpoints for clarifications on growth drivers, cost trajectory, and portfolio mix.

Conclusion

OnEMI Technology Solutions reported year-on-year growth in the June 30, 2026 quarter, with consolidated revenue from operations rising to ₹669.50 crore and net profit increasing to ₹95.08 crore. The company also reported a provisional jump in AUM to about ₹8,001 crore and scheduled an earnings call for July 30, 2026 at 12:00 PM IST, following board approval of unaudited results on July 29, 2026.