Financial Performance Highlights

  • Profit After Tax (PAT): ₹95 crore, representing 59% year-on-year (YoY) growth and 16% quarter-on-quarter (QoQ) growth
  • Assets Under Management (AUM): ₹8,001 crore, showing 61% YoY growth and 13% QoQ growth
  • Return on Average AUM (RoAAUM): 5.05% (annualized)
  • Return on Average Equity (RoAE): 21.20% (annualized)
  • Diluted Earnings Per Share (EPS): ₹5.9 for the quarter (compared to ₹4.5 in Q1 FY26, +30% YoY)
  • Diluted Book Value Per Share (BVPS): ₹123.4 as of June 30, 2026
  • Net Worth: ₹2,245 crore (+107% YoY)

Operational Metrics

  • Cumulative customers served: Crossed 12.25 million (+26% YoY)
  • Capital Adequacy Ratio (CRAR): 40.2% with Tier-1 capital at 39.2%
  • Debt-to-Equity Ratio: 0.91x
  • Credit Rating: A-/Stable
  • Collection Efficiency (DPD 30): 96.82%

Portfolio Mix

Secured/Unsecured AUM:

  • Personal Loans (unsecured): ₹7,384 crore (92.3% of total AUM)
  • Loan Against Property (secured): ₹617 crore (7.7% of total AUM)

On-book/Off-book AUM:

  • Off-book AUM: ₹4,284 crore (53.6% of total AUM)
  • Operating through 8 partners under the off-book model
  • Total active lending and co-lending partners: 45+

Asset Quality & Provisioning

  • Gross Non-Performing Assets (GNPA/Stage 3): 2.25%, representing 139 basis points YoY improvement with 13 bps sequential increase
  • Net Non-Performing Assets (NNPA): 0.36% (+6 bps QoQ)
  • Stage 3 Provision Coverage Ratio (PCR): 84.13%
  • Expected Credit Loss (ECL) coverage on Stage 2 assets: 80.44% (vs 75.58% in Q4 FY26)

Distribution Network

  • 100% digital Personal Loan sourcing
  • Loan Against Property delivered through 101 branches across 8 states and union territories

Capital Position & IPO Details

  • IPO completed and listed on NSE & BSE on May 8, 2026
  • Fresh issue size: ₹850 crore
  • Overall subscription: 9.9x (QIB portion: 25.9x)
  • Listing premium: 11.7% over the upper price band
  • Deployment of IPO proceeds: Approximately 75% of primary issue proceeds (~₹637 crore) infused as fresh equity into NBFC subsidiary, Si Creva Capital Services Private Limited, as of May 16, 2026

Outlook & Guidance

  • Company stated it is on track to achieve FY27 guidance
  • Supported by strong operating performance and disciplined execution
  • Scale-up of secured LAP portfolio expected to accelerate through remaining quarters of FY27 and beyond

Management Commentary

Mr. Ranvir Singh, Chairman, Director & CEO, commented: \"Q1FY27 marks a landmark quarter in Kissht's journey, as we successfully completed our listing on the NSE and BSE in May 2026 - the culmination of over a decade of building a technology-first lending franchise. This milestone was matched by strong operating momentum, with AUM crossing ₹8,000 crore, 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.\"

Company Background

Founded in 2016 and headquartered in Mumbai, Kissht is a technology-first digital lending platform serving India's mass-market and mass-affluent segments. Through its NBFC-Middle Layer subsidiary, Si Creva Capital Services Private Limited, the company offers Personal Loans and Loan Against Property to salaried and self-employed customers. The company leverages a proprietary AI/ML underwriting framework using 7,200+ variables.