OnEMI Q2 Consolidated PAT Up 100% YoY to ₹125 Cr

Revenue from operations: ₹731.81 crore (Q2 FY26: ₹505.69 crore)
Other income: ₹8.48 crore (Q2 FY26: ₹11.78 crore)
Total income: ₹740.29 crore (Q2 FY26: ₹517.47 crore)
Employee benefits expenses: ₹67.66 crore (Q2 FY26: ₹49.41 crore)
Impairment on financial instruments: ₹133.06 crore (Q2 FY26: ₹122.36 crore)
Finance costs: ₹72.38 crore (Q2 FY26: ₹71.51 crore)
Depreciation and amortization: ₹4.93 crore (Q2 FY26: ₹5.48 crore)
Other expenses: ₹308.01 crore (Q2 FY26: ₹185.71 crore)
Total expenses: ₹586.04 crore (Q2 FY26: ₹434.47 crore)
Profit before tax: ₹154.25 crore (Q2 FY26: ₹83.00 crore)
Tax expense: ₹29.13 crore (Q2 FY26: ₹20.56 crore)
Profit after tax: ₹125.12 crore (Q2 FY26: ₹62.44 crore)
Basic EPS: ₹7.28 (Q2 FY26: ₹11.57)
Diluted EPS: ₹7.12 (Q2 FY26: ₹4.73)

Revenue from operations: ₹1,401.31 crore (H1 FY26: ₹968.79 crore)
Other income: ₹15.53 crore (H1 FY26: ₹14.39 crore)
Total income: ₹1,416.84 crore (H1 FY26: ₹983.18 crore)
Profit after tax: ₹220.19 crore (H1 FY26: ₹122.18 crore)
Basic EPS: ₹13.75 (H1 FY26: ₹22.72)
Diluted EPS: ₹13.43 (H1 FY26: ₹9.28)

Revenue from operations: ₹288.25 crore (Q2 FY26: ₹134.10 crore)
Other income: ₹14.75 crore (Q2 FY26: ₹10.02 crore)
Total income: ₹303.00 crore (Q2 FY26: ₹144.12 crore)
Profit before tax: ₹96.01 crore (Q2 FY26: ₹18.65 crore)
Profit after tax: ₹71.87 crore (Q2 FY26: ₹14.94 crore)
Basic EPS: ₹4.18 (Q2 FY26: ₹2.77)
Diluted EPS: ₹4.09 (Q2 FY26: ₹1.13)

Revenue from operations: ₹503.99 crore (H1 FY26: ₹273.68 crore)
Other income: ₹26.32 crore (H1 FY26: ₹17.69 crore)
Total income: ₹530.31 crore (H1 FY26: ₹291.37 crore)
Profit after tax: ₹123.80 crore (H1 FY26: ₹42.78 crore)
Basic EPS: ₹7.73 (H1 FY26: ₹7.96)
Diluted EPS: ₹7.55 (H1 FY26: ₹3.25)

IPO Completion (May 2026):

Completed Initial Public Offering comprising fresh issue of 4,97,07,602 equity shares and offer for sale of 44,39,788 equity shares
Issue price: ₹171 per share
Paid-up equity share capital increased from ₹11.88 crore to ₹16.85 crore
Listing date: May 08, 2026 on NSE and BSE
IPO proceeds utilization as of September 30, 2026:
Augmenting capital base of subsidiary: ₹637.50 crore (fully utilized)
General corporate purposes: ₹151.70 crore of ₹156.59 crore allocated
Issue expenses: ₹44.92 crore of ₹55.92 crore allocated
Total utilized: ₹834.12 crore of ₹850.00 crore
Unutilized amount: ₹15.88 crore parked in current accounts

Preferential Issue (October 2026):

Board approved preferential issue of up to 2,64,93,882 equity shares aggregating ₹832.20 crore
Shareholders approved at EGM on October 14, 2026
Stock exchanges granted in-principle approval on October 19, 2026
Money realized from allottees on October 23, 2026

Rights Investment in Subsidiary:

Approved investment of ₹624.15 crore in Si Creva Capital Services Private Limited (wholly-owned subsidiary)
Subscription of 23,37,516 equity shares at ₹2,670.14 per share (face value ₹10, premium ₹2,660.14)
Investment to utilize at least 75% of preferential issue proceeds
Investment to be completed by December 2026
Si Creva financials (as of March 31, 2026):
Paid-up capital: ₹9.99 crore
Net-worth: ₹1,231.98 crore
FY 2025-26 turnover: ₹1,541.33 crore
Turnover history: ₹1,295.21 crore (2023-24), ₹1,092.48 crore (2024-25)

Subsidiary Updates:

Si Creva Capital: Issued and allotted 32,500 Non-Convertible Debentures of ₹1,00,000 each aggregating ₹325 crore on private placement basis on July 13, 2026, listed on BSE on July 15, 2026
Invincible Minds Private Limited: Wholly-owned subsidiary incorporated on June 17, 2026 for mutual fund distribution and financial services
Obtained AMFI registration as Mutual Fund Distributor
Applying for SEBI registration for stock broking activities

ESOP Activity:

No stock options granted during H1 FY27
96,31,080 equity shares allotted pursuant to exercise of stock options under ESOPs
Consolidated share-based payment expense: ₹11.44 crore for H1 FY27
Standalone share-based payment expense: ₹2.03 crore for H1 FY27

Auditor Review:

Statutory auditors Chokshi & Chokshi LLP issued unmodified limited review reports for both standalone and consolidated financial results
Review conducted under SRE 2410 and SEBI Regulation 33 requirements

Capital Structure Impact:

Paid-up equity share capital increased from ₹11.88 crore (March 31, 2026) to ₹17.81 crore (September 30, 2026)
Post-IPO capital: ₹16.85 crore (16,84,83,022 shares)
Further increase due to preferential issue and ESOP exercises

Regulatory References:

Filed pursuant to SEBI Listing Regulations 30 and 33
SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

Board Meeting Details:

Meeting held on October 28, 2026
Commenced at 6:30 PM IST, concluded at 7:30 PM IST
Audit Committee reviewed and recommended financial results prior to board approval

Total assets: ₹4,965.34 crore (March 31, 2026: ₹3,988.58 crore)
Loans (non-current): ₹1,143.74 crore (March 31, 2026: ₹550.73 crore)
Loans (current): ₹2,610.14 crore (March 31, 2026: ₹2,638.61 crore)
Cash and cash equivalents: ₹453.96 crore (March 31, 2026: ₹209.46 crore)
Total equity: ₹2,377.47 crore (March 31, 2026: ₹1,342.78 crore)
Debt securities: ₹1,188.72 crore (March 31, 2026: ₹1,303.84 crore)
Borrowings (other than debt securities): ₹1,038.26 crore (March 31, 2026: ₹1,092.27 crore)

Net cash from operating activities: (₹191.45) crore (H1 FY26: ₹10.62 crore)
Net cash from investing activities: (₹36.83) crore (H1 FY26: (₹55.52) crore)
Net cash from financing activities: ₹472.78 crore (H1 FY26: ₹407.40 crore)
Net increase in cash: ₹244.50 crore (H1 FY26: ₹362.50 crore)

Figures for half year ended September 30, 2025 extracted from special purpose audited financial statements
Figures for quarter ended September 30, 2025 are balancing figures between six-month interim statements and Q1 FY26 figures, not audited or reviewed
All amounts rounded to nearest crore except per share data
Previous period figures regrouped/reclassified for comparability