Kissht Q1 Profit Surges 59% YoY To ₹95 Cr

*This article is adapted from * Inc42

Recently listed NBFC Kissht’s consolidated net profit for the first quarter (Q1) of FY27 jumped 59% to ₹95.1 Cr from ₹59.7 Cr in the previous year quarter. Sequentially, net profit increased about 16% from ₹82.2 Cr.

Operating revenue zoomed nearly 45% to ₹669.5 Cr during the quarter under review as against ₹463.1 Cr in Q1 FY26. On a quarter-on-quarter (QoQ) basis, the top line rose 8% from ₹619.3 Cr in Q4 FY26.

Including other income of ₹7.1 Cr, Kissht’s total income for the quarter stood at ₹676.5 Cr.

In line with the top line, total expenses also zoomed 42.2% YoY to ₹548.9 Cr in Q1 FY27. Meanwhile, tax expenses incurred an additional cost of ₹32.6 Cr during the quarter, up 63% YoY. 

On the operational front, Kissht’s assets under management (AUM) stood at ₹8,001 Cr in Q1 FY27, up 13% QoQ and 61% YoY. Of this, unsecured personal loans accounted for 92.3%, or ₹7,384 Cr, while secured loans against property (LAP) accounted for the remaining 7.7% of the total AUM at ₹617 Cr.

The NBFC’s gross non-performing assets (NPA) stood at 2.25% at the end of June 2026 quarter, while net NPA hovered around 0.36%. Meanwhile, collection efficiency (30 days past due) stood at 96.82%.

“This (IPO) milestone was matched by strong operating momentum, with AUM crossing ₹8,000 Cr, up 61% YoY and 13% QoQ. As a listed entity, we now carry forward the same underwriting and collections discipline that got us here, with a sharper focus on capital efficiency and shareholder value creation,” said Kissht cofounder and chairman Ranvir Singh.

The lending tech company’s provision coverage ratio (PCR) worsened by 653 bps YoY to 84.13% during the quarter under review. Notably, for a lender with minimal collateral, rising defaults can quickly eat into equity and capital buffers.

The NBFC also claimed that it had 45+ active lending and co-lending partners under its belt at the end of June 2026. While personal loans were distributed entirely digitally, loans against property were delivered via its 101 branches across eight states and union territories (UTs).

It also managed to more than double YoY its active customer base to 3.49 Mn in Q1. With this, it has managed to serve 12.3 Mn users to date.

Going forward, the NBFC expects its cost of borrowings to reduce as AUM scales. It also plans to scale its loans against property offering and improve the share of the service in its AUM.

“As AUM scales, both cost of borrowings and operating expenses (as a percentage of average AUM) are expected to reduce. Benefits of cost reduction to be passed on to customers which will lead to better customer selection and reduced impairment cost,” the company noted in its earnings release. 

Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht is a lending tech platform that offers personal and business loans of up to ₹5 Lakh digitally. It also offers health-related insurance products and secured loans through loans against property. 

Recently, it also received regulatory approval to begin distribution of mutual funds through its wholly-owned subsidiary Invincible Minds. 

Kissht made its debut on the exchanges in May this year via a ₹926 Cr IPO, which comprised a fresh issue of shares worth ₹850 Cr and an OFS component totalling ₹76 Cr.

Shares of Kissht closed today’s trading day 0.12% higher at ₹343.20 on the BSE.

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