Kissht Q2 profit doubles to Rs 125 crore on 45% revenue growth
Digital lender Kissht posted Rs 125 crore profit and Rs 732 crore operating revenue for July-September 2026; loan-loss provisions rose only 9%.
Kissht, the Mumbai digital lender that gives small consumer loans at the point of sale, reported a profit of Rs 125 crore for the July-September quarter of 2026-27 (Q2 FY27), more than double the Rs 62 crore of a year earlier. Revenue from operations rose 44.7% to Rs 732 crore, according to Entrackr's report of 29 October 2026, which used consolidated statements sourced from the NSE. The part lenders watch most, money set aside for bad loans, grew far more slowly than revenue.
What the quarter's numbers show
Total income was Rs 740 crore, up from Rs 518 crore, and total expenses rose 35% to Rs 586 crore. Impairment losses (provisions, meaning money set aside for loans that may not be repaid) rose 9% to Rs 133 crore from Rs 122 crore. Finance costs, the interest Kissht pays on what it borrows, were flat at Rs 72 crore. The broad "other expenses" line rose 65.6% to Rs 308 crore.
For the first half of the year, operating revenue was Rs 1,401 crore, up 44.6%, and profit was Rs 220 crore, up 80.3% from Rs 122 crore.
How big the loan book has become
The profit figures sit on a fast-growing book. In a provisional business update filed on 3 October 2026, reported by StartupFeed, Kissht's parent OnEMI Technology Solutions said its assets under management (the total loans it runs) reached Rs 9,317 crore at 30 September 2026. That is up 68.4% from Rs 5,533 crore a year earlier and 16.4% above Rs 8,001 crore in June. Disbursements, the new loans paid out in the quarter, were Rs 4,612 crore against Rs 2,963 crore a year before.
Revenue grew 45% while the book grew 68%. That can happen when new loans were made late in the quarter, or when a lender moves to lower-yield borrowers; the sources do not say which applies.
Why provisions grew so slowly
This is the central question and the answer is not confirmed. Inc42's August 2026 profile of the company gives context from the June quarter: Kissht's credit cost (provisions as a share of the loan book) fell to 6.8% from 8.85% a year earlier. Management said customers it acquired after December 2025 repay better, that it tightened lending rules for some salaried and self-employed borrowers, and that borrowing costs fell by about 150 basis points (1.5 percentage points) from the previous year.
Those points could explain why impairments and interest costs grew little while the book grew a lot. They are management claims from an earlier quarter, not findings about Q2.
What is missing
Entrackr gives no gross NPA (the share of loans overdue by 90 days or more) or collection figures for Q2, and we have not seen the company's own filing. Without those, we cannot tell whether lower provisioning reflects better repayment or a changed loan mix. The company is also pushing into loans against property (LAP), which are secured by property and carry different risks; they were 7.9% of the book in the provisional update, up from 4.1%.
What it means for borrowers, lenders and investors
For borrowers, a lender that is profitable and funding itself more cheaply has room to keep lending small-ticket loans, though unsecured credit stays expensive. For lenders and fintech founders, Kissht is an example of a digital lender trying to grow while cutting credit costs, a combination that is hard in unsecured lending. For readers following the sector, the thing to check is repayment data, not profit alone.
What to watch next
- The company's own results filing and investor presentation for Q2 FY27, which should show gross NPA and credit cost.
- Whether LAP, which management expects to break even by Q3 FY27 according to Inc42, does so.
- Whether borrowing costs keep falling, as management has said they should.
Key takeaways
- Kissht reported Rs 125 crore profit and Rs 732 crore operating revenue for July-September 2026, per Entrackr.
- Provisions rose 9% while revenue rose 44.7% and the loan book grew 68.4%, which drove most of the profit jump.
- The reasons given by management for better credit quality come from an earlier quarter and are not yet confirmed for Q2.
- Bad-loan ratios for the quarter were not in the report, so borrower health cannot yet be judged.
Sources
- [Entrackr: Kissht's Q2 profit doubles to Rs 125 Cr, revenue jumps 45%](https://entrackr.com/fintrackr/kisshts-q2-profit-doubles-to-rs-125-cr-revenue-jumps-45-12763220)
- [StartupFeed: Kissht loan book grows 68.4% to Rs 9,317 Cr in Q2 FY27](https://startupfeed.in/?p=12238)
- [Inc42: Kissht's next growth play: better borrowers, lower costs and loan against property](https://inc42.com/features/kisshts-next-growth-play-better-borrowers-lower-costs-loan-against-property/)
Tags: Kissht NBFC Credit Risk Digital lending Quarterly results