Results · Financial Services

Kissht posts 59% profit jump in Q1 FY27

By Startup Enthusiast · 1 August 2026

What they do

Kissht offers unsecured personal loans and secured loan against property

Q1 FY27 net profit rose 59% to ₹95.1 Cr; revenue up 45% to ₹669.5 Cr

The company is prioritising asset quality over growth, tightening underwriting

Kissht parent OnEMI Technology Solutions held its Q1 FY27 earnings call.
Cofounders Ranvir Singh and Krishnan Vishwanathan outlined a strategy shift to disciplined lending.
Consolidated net profit for Q1 FY27 was ₹95.1 Cr, up 59% year-on-year.
Operating revenue rose 45% to ₹669.5 Cr.
Assets under management (AUM) stood at ₹8,001 Cr as of June 2026.
Unsecured personal loans made up 92.3% of AUM (₹7,384 Cr).
Secured loan against property (LAP) AUM was ₹617 Cr (7.7% of total).
Credit cost as a percentage of AUM fell to 6.8% from 8.85% a year ago.

Kissht is prioritising higher-quality borrowers over loan book growth, even if lending yields drop short-term.
Customer cohorts acquired after December 2025 show better collection efficiency and lower bounce rates.
The company resumed lending in about 180 of 450 previously paused pincodes.
Kissht tightened underwriting for certain salaried and self-employed borrowers with weaker income visibility.
Borrowing costs have fallen to 12%-12.9%, about 150 basis points lower than FY26 levels.

Kissht is a digital lending platform offering unsecured personal loans and secured loan against property.
It operates across nearly 17,000 pincodes; about 11,000 contribute 98% of revenue.
The LAP vertical, launched in Q4 FY25, uses a technology-led model (AI property valuation, digital onboarding, model-based underwriting).
LAP has expanded to 101 branches.
More than 40% of LAP customers come from Kissht's personal loan customer base through cross-selling.
Operating expenses are around 18% of AUM, with a large fixed portion (technology, leadership, admin).
Kissht received AMFI registration to enter mutual fund distribution; it already distributes insurance through partners.

Kissht expects the LAP vertical to break even by Q3 FY27.
It expects borrowing costs to decline further over FY27 and the medium term as asset quality improves.
Potential rating upgrades from CRISIL and India Ratings could improve the borrowing profile, with meaningful impact from FY28 onwards.
Kissht is evaluating gold loans, business loans, education loans, auto loans, and loans against mutual funds over the next decade.