OnEMI Technology Solutions Limited (Kissht) has announced an upward revision of its Financial Year 2027 (FY27) Assets Under Management (AUM) growth guidance from 40% to over 60%. This strategic adjustment reflects strong momentum observed in the first half of the fiscal year. The company also reiterated its commitment to profitability, aiming for a reduction in impairment costs by more than 15% year-on-year and maintaining a Return on Average Equity (ROE) above 20%.
Kissht Boosts Growth Outlook
OnEMI Technology Solutions Limited, operating under the brand name Kissht, has significantly raised its growth expectations for the current fiscal year. The company announced an upward revision of its FY27 AUM (Assets Under Management) growth guidance from 40% plus to 60% plus. This optimistic outlook is driven by the strong momentum experienced in the first half of the fiscal year.
Profitability and Cost Management Focus
In parallel with the enhanced growth targets, Kissht has also reinforced its commitment to profitability and robust financial management. The company is raising its target for the reduction in impairment costs, now expecting an emphatic year-on-year decrease of more than 15%, an increase from the previously guided 10-15%. The guidance for Return on Average Equity (ROE) remains firm at above 20%, with Gross NPA expected to stay below 2.25%.
Key Financial Highlights
During the earnings call, the company reported a profit after tax (PAT) of ₹125 crore for the quarter, a doubling year-on-year and a 31.6% increase quarter-on-quarter. AUM grew by 68.4% year-on-year to ₹9,317 crore. The cost of borrowing has also seen a significant reduction, falling by approximately 70 basis points from 14.45% to 13.76%. Technology, particularly AI, continues to be a core investment area, enhancing underwriting and fraud management capabilities.
Source: BSE
