OnEMI Technology Q2 FY27 AUM Rises 68.4%

Q2 FY27 business update sets the context

OnEMI Technology Solutions has released a provisional business update for the quarter ended September 30, 2026, ahead of its scheduled financial-results announcement. The digital lender said its assets under management, or AUM, rose 68.4% year-on-year to approximately ₹9,317 crore. Its registered user base increased 32.6% to 79.54 million during the same period. Quarterly disbursements rose to approximately ₹4,612 crore from ₹2,963 crore in Q2 FY26. The update highlights continued expansion in the company’s lending platform and customer reach. However, the figures are part of a provisional business update rather than the full unaudited financial results. Investors will receive more detail when the board considers the standalone and consolidated Q2 FY27 results on October 28, 2026. The company has also announced an earnings conference call for the quarter and half year ended September 30, 2026.

AUM crosses ₹9,300 crore

AUM stood at approximately ₹9,317 crore as of September 30, 2026, compared with ₹5,533 crore a year earlier. This represents a year-on-year increase of ₹3,784 crore. The company said AUM expanded by approximately ₹1,316 crore during Q2 FY27. That translates into quarter-on-quarter growth of 16.4%. AUM is a key operating measure for a lender because it indicates the size of its active loan book. The rise suggests that OnEMI continued to add loans at a faster pace than in the comparable quarter last year. The eventual quarterly results will show how this balance-sheet expansion translated into income, operating profit and profitability. They will also provide fuller information on asset quality and provisions, which are not included in the business update.

Disbursements show higher lending activity

Overall disbursements reached approximately ₹4,612 crore in Q2 FY27, against ₹2,963 crore in Q2 FY26. The increase of about ₹1,649 crore reflects a 55.7% year-on-year rise based on the disclosed figures. Disbursements represent loans released during the quarter and are distinct from the outstanding AUM at the period end. Stronger disbursements can support AUM growth when collections, repayments and loan run-offs are considered. The disclosed data indicates a higher level of lending activity across the platform than a year earlier. It does not separately break down lending by product, borrower type or geography. Nor does the release provide a credit-cost figure for the quarter. Those details may be addressed in the formal results and subsequent earnings call.

User base and customer reach expand

OnEMI reported 79.54 million registered users as of September 30, 2026. The comparable figure was 59.96 million as of September 30, 2025. The increase of 19.58 million users resulted in stated growth of 32.6% year-on-year. The company also disclosed that cumulative customers served rose 22.5% year-on-year to 12.80 million. Registered users and customers served are separate measures, as not every registered user necessarily becomes a borrower. The difference is relevant for assessing the platform’s potential conversion base. The company describes itself as a technology-first digital lender serving India’s mass market and mass affluent segments. Its Q2 update indicates that the platform’s customer reach expanded alongside its loan book.

Earlier June quarter provides a financial reference

The latest detailed quarterly profit and loss data available in the supplied information relates to the quarter ended June 2026. In that period, total income was ₹676.55 crore, compared with ₹465.72 crore in the June 2025 quarter. Reported profit after tax was ₹95.08 crore, up from ₹59.74 crore a year earlier. Operating profit was ₹207.34 crore, while EBITDA was ₹214.40 crore. A separate filing summary stated that June-quarter AUM was ₹8,001 crore, up 61% year-on-year and 13% quarter-on-quarter. It also reported pre-provisioning operating profit of ₹256 crore, up 42% year-on-year. These figures provide a reference point, but they should not be treated as Q2 FY27 financial results. The October 28 board meeting is expected to consider the unaudited numbers for the September quarter and first half of FY27.

Key disclosed operating figures

Board meeting scheduled for October 28

OnEMI Technology Solutions informed exchanges that its board would meet on October 28, 2026. The agenda is to consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The board will also review the limited review report issued by the statutory auditors. This process is a standard requirement for listed companies reporting unaudited quarterly financial statements. The company had earlier closed its trading window from October 1, 2026 until 48 hours after the declaration of Q2 FY27 results. It also intimated investors about an earnings conference call on October 24. The formal results should clarify whether the operating momentum seen in AUM and disbursements was accompanied by similar movement in revenue and net profit. Until then, the business update remains the principal Q2 disclosure available in the supplied information.

Why the update matters for investors

The AUM increase is important because loan-book growth is a central driver of income for lending businesses. At the same time, the quality and cost of growth matter, particularly as a larger loan book can require higher funding, operating and credit-risk management. OnEMI’s June-quarter data showed total income growth of 45% year-on-year to ₹676.55 crore and PAT growth of 59% to ₹95.08 crore. The Q2 business update signals that lending volumes and platform reach continued to expand after that June quarter. But it does not disclose Q2 revenue, PAT, margins, borrowings, provisioning or collection trends. The October 28 results will therefore be the next material event for evaluating financial performance. The earnings call may offer management commentary on business trends, though no such commentary has been provided in the disclosed update. Investors will be able to compare the published September-quarter figures with both the provisional operating data and the June-quarter financial base.

Focus shifts to formal Q2 results

OnEMI Technology Solutions enters its Q2 FY27 results announcement with AUM at approximately ₹9,317 crore and registered users at 79.54 million. Disbursements of approximately ₹4,612 crore point to substantially higher lending activity than in Q2 FY26. The company’s disclosed June-quarter performance had already shown higher income and profit than the prior-year quarter. The September business update extends the picture of operating expansion but does not replace the financial statements. The board meeting on October 28 is expected to provide the audited-review framework and the full set of unaudited results. The scheduled earnings call is the next identified forum for discussing the quarter and half-year performance. Until those disclosures are available, the reported operating metrics remain the confirmed basis for assessing Q2 FY27 momentum.