Kissht Reports Q2 Revenue Of ₹730 Crore, Up 46% YoY

Market snapshot: OnEMI Technology Solutions (Kissht) reported a 46% YoY increase in Q2 revenue to ₹730 crore, compared to ₹500 crore in the corresponding period last fiscal. The growth reflects sustained momentum across its digital credit operations.

Data Snapshot

• Q2 revenue stood at ₹730 crore, up 46% YoY from ₹500 crore in Q2 FY26
• Consolidated Assets Under Management reached ₹9,317 crore as of September 30, 2026, registering 68.4% YoY growth
• Registered user base expanded 32.6% YoY to 79.54 million as of September 30, 2026

What's Changed

• Q2 revenue expanded to ₹730 crore, representing a 46% YoY increase from ₹500 crore in Q2 FY26 (derived: ₹730 cr vs ₹500 cr).
• Assets Under Management increased by ₹1,316 crore sequentially in Q2 to reach ₹9,317 crore.

Key Takeaways

• Top-line expansion driven by robust disbursement trends across mass-market digital credit.
• AUM growth of 68.4% YoY underscores sustained demand for consumer credit products.
• User acquisition momentum continued with cumulative customers served reaching 12.80 million.

SAHI Perspective

Kissht's top-line performance demonstrates disciplined operational execution post-listing. The expansion in revenue matches the steady growth in loan originations, reflecting strong demand across consumer lending segments.

Market Implications

The revenue print reinforces investor confidence in fintech lenders achieving profitable scale, supporting positive sentiment across consumer finance platforms.

Trading Signals

Market Bias: Bullish

Revenue growth of 46% YoY to ₹730 crore combined with 68.4% AUM expansion supports positive near-term sentiment.

Overweight: Fintech / Digital Lending, Consumer NBFCs

Trigger Factors:

• Full quarterly asset quality disclosures (GNPA and NNPA trends)
• Borrowing costs and net interest margin trajectory
• Disbursement volume growth momentum

Time Horizon: Near-term (0-3 months)

Industry Context

India's digital lending industry continues to benefit from underpenetrated consumer borrowing and increasing adoption of technology-led credit underwriting.

Key Risks to Watch

• Asset quality risks in unsecured personal loan portfolios.
• Regulatory policy changes regarding digital lending frameworks or risk weightings.

Recent Developments

OnEMI Technology Solutions reported a 68.4% YoY rise in AUM to ₹9,317 crore in its Q2 business update filed on October 3, 2026. Earlier, in Q1 FY27, operating revenue rose 45% YoY to ₹670 crore with a net profit of ₹95 crore.

Closing Insight

Sustained revenue momentum and expanding user scale position Kissht favorably, provided credit quality metrics remain stable.

High Performance Trading with SAHI.