Onemi Technology Solutions reported a consolidated net profit of ₹950.77 million for the quarter ended June 30, 2026 (Q1FY27), marking a 59% year-on-year increase from ₹597.37 million in the same period last year. The Mumbai-based digital lender also disclosed a 16% quarter-on-quarter growth in profit after tax, driven by assets under management (AUM) expanding 61% YoY and 13% QoQ to ₹8,001 crore. This performance follows the company’s May 2026 Initial Public Offering (IPO), which raised ₹8,500.00 million and strengthened its capital base for further scaling. The results were approved by the Board of Directors on July 29, 2026, and filed with BSE Limited and the National Stock Exchange of India Limited (NSE) in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory Auditors Chokshi & Chokshi LLP issued an unmodified limited review report.

Financial Performance Highlights

Consolidated revenue from operations grew 45% YoY to ₹6,695.00 million, outpacing total expenses which rose 42% to ₹5,488.54 million. This divergence resulted in a 60% expansion in profit before tax to ₹1,277.01 million. EBITDA for the quarter came in at ₹2.1B compared to ₹1.4B in the same period last year, with EBITDA margin expanding marginally to 30.97% from 30.59% YoY. Pre-provision operating profit (PPOP) grew 42.2% YoY to ₹256 million. The company's return on average assets under management (RoAAUM) stood at 5.05% (annualised), while return on average equity (RoAE) was 21.20% (annualised). Diluted book value per share (BVPS) increased to ₹123.4 as of June 30, 2026.

Standalone Results and Capital Raises

Standalone revenue from operations rose to ₹2,157.43 million from ₹1,395.86 million in Q1FY26, while standalone net profit after tax reached ₹519.48 million, up from ₹278.47 million. Subsequent to the quarter end, subsidiary Si Creva Capital Services Private Limited issued ₹325 crore worth of Secured, Rated, Listed, Redeemable, INR Denominated, 11% Non-Convertible Debentures on a private placement basis. These debentures were allotted on July 13, 2026, and listed on BSE Limited on July 15, 2026.

Additionally, the Board appointed Ms. Ramadevi Satish Venigalla, Practicing Company Secretary, as the Secretarial Auditor for five consecutive years from FY27 to FY31, subject to shareholder approval at the ensuing Annual General Meeting. The appointment was based on the recommendation of the Audit Committee.

Asset Quality and Portfolio Mix

The company's AUM portfolio comprises ₹3,716 crore in on-book assets and ₹4,284 crore in off-book assets. Personal loans (unsecured) constituted 92.3% of AUM at ₹7,384 crore, while loans against property (secured) made up 7.7% at ₹617 crore. Gross non-performing assets (GNPA) improved by 139 basis points YoY to 2.25%, with a modest 13 bps sequential increase. Net non-performing assets (NNPA) stood at 0.36%. The provision coverage ratio for Stage 3 assets was 84.13%, and expected credit loss coverage on Stage 2 assets strengthened to 80.44%. Collection efficiency for DPD 30 remained high at 96.82%. Active customers grew 7% QoQ and 111% YoY to 3.49 million.

IPO Proceeds and Capital Position

Onemi Technology Solutions completed its IPO on May 08, 2026, raising ₹8,500.00 million. As of June 30, 2026, approximately 75% of the primary issue proceeds (~₹6,368.03 million) had been infused as fresh equity into its NBFC subsidiary, Si Creva Capital Services Private Limited. An additional ₹1,085.97 million funded general corporate purposes, and ₹271.04 million covered issue-related expenses. The company's net worth stood at ₹2,245 crore, up 107% YoY, with a capital adequacy ratio (CRAR) of 40.2%. The debt-to-equity ratio for on-book assets improved to 0.91x from 1.8x in March 2026.

Strategic Insights from Earnings Call

During the earnings conference call held on July 30, 2026, Chairman and CEO Ranvir Singh emphasized the company’s focus on risk discipline and technological integration. Registered users grew 33% YoY to 74.6 million, while total customers served reached 12.25 million, up 26% YoY. Singh highlighted that credit cost reduced to 6.80% of average AUM from 8.85% in Q1FY26, reflecting improved underwriting quality. He noted that the company paused lending in approximately 450 pin codes in the previous quarter due to early warning signals but has since reopened 40% of these locations as risk indicators improved.

CFO Krishnan Vishwanathan addressed funding costs, stating that incremental debt raised in Q1FY27 carried a loaded cost of 12.9%, which is 150 basis points lower than the average borrowing cost of FY26. He projected a further 100 basis point reduction in cost of borrowings in H2FY27 as older, higher-cost debt runs off. Vishwanathan also clarified that the reported cost of borrowing appears higher due to a shift from monthly to daily average debt calculations, though daily averages show a 10 basis point improvement. The company is actively engaging with rating agencies CRISIL and India Ratings, anticipating potential upgrades that could benefit FY28 borrowing costs.

What the Numbers Show

The alignment of KPI disclosures with strong financial results reinforces investor confidence in the company's post-IPO execution. Operational leverage is evident in the divergence between revenue growth (45%) and expense growth (42%), driven largely by impairment costs (₹1,280.94 million) and finance costs (₹818.75 million) inherent to lending. Employee benefit expenses rose marginally to ₹707.36 million, indicating efficiency gains not reliant on headcount expansion. Management noted that as AUM scales, both cost of borrowings and operating expenses as a percentage of average AUM are expected to reduce. The subsidiary Si Creva Capital Services Private Limited contributed significantly to profitability, underscoring the strategic value of the lending arm. The shift towards secured lending, with LAP AUM rising to 7.7% from 2.5% in June 2025, signals a deliberate risk mitigation strategy alongside growth.

Onemi Technology Solutions will host a series of one-on-one meetings with institutional investors and analysts on August 06 and 07, 2026. The in-person sessions aim to provide market participants with direct access to company officials for discussion purposes. These engagements are scheduled to take place over two days, allowing for focused interaction between the management team and key stakeholders in the financial community.

The company has disclosed the schedule under Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to both the Bombay Stock Exchange and the National Stock Exchange of India Limited on August 03, 2026. This regulatory disclosure ensures transparency regarding the timing and nature of the upcoming investor interactions.

Management has clarified that all discussions during these meetings will be strictly based on publicly available information. The company will refer to the Investor Presentation uploaded on its website, www.kissht.com , which was previously intimated to stock exchanges on July 29, 2026. No unpublished price-sensitive information is proposed to be shared during the sessions.

Shraddha Rajkumar Patangia, Company Secretary and Compliance Officer (Membership No.: A55210), issued the communication on behalf of the company. She noted that the schedule remains subject to change due to potential exigencies involving investors, analysts, or the company itself. Any updates regarding the timing or format of the meetings will be communicated through appropriate channels.

What This Means for Investors

The decision to host dedicated one-on-one meetings signals the company's intent to engage directly with institutional stakeholders. By limiting the scope of discussion to publicly available data, Onemi Technology Solutions maintains compliance with insider trading regulations while providing clarity on its business operations. Investors are advised to review the July 29, 2026 Investor Presentation prior to any engagement to ensure informed discussions.