OnEMI Technology Solutions Ltd (KISSHT) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Management upgraded FY27 AUM growth guidance to 60%+ (from 40%+) and expects impairment cost reduction to now exceed 15% YoY.
- Cost of funds will continue to decline, with at least a 150 bps reduction expected over 3-4 quarters as legacy debt rolls off.
- The Loan Against Property (LAP) business has turned profitable a quarter ahead of schedule and is projected to grow 2.5x in the next two years.
Performance Overview
- OnEMI Technology Solutions reported doubling its quarterly profit after tax to INR 125 crores, driven by strong AUM growth, lower credit costs, and declining cost of funds.
- Assets Under Management (AUM) surged 68.4% YoY to INR 9,317 crores, fueled by a strategic shift toward higher-quality customers and increased ticket sizes.
- Asset quality showed significant improvement across all key metrics, with Gross NPA declining to 2.18% and credit costs falling to 6.2% of average AUM.
- The company raised its FY27 AUM growth guidance from 40%+ to 60%+ and expects impairment cost reduction to be 'emphatically more than 15%' YoY.
- Management highlighted the successful scaling of its LAP business, which achieved profitability a quarter ahead of schedule and now constitutes 7.9% of total AUM.
Financial Metrics
Log in to Stocksigma to read the Financial Metrics section of this summary.
Operating Performance / Business Segments
Log in to Stocksigma to read the Operating Performance / Business Segments section of this summary.
Key Discussions & Insights
Log in to Stocksigma to read the Key Discussions & Insights section of this summary.
Outlook and Guidance
Log in to Stocksigma to read the Outlook and Guidance section of this summary.
Challenges / Concerns
Log in to Stocksigma to read the Challenges / Concerns section of this summary.
Industry / Competitive Landscape
Log in to Stocksigma to read the Industry / Competitive Landscape section of this summary.
Overall Summary
Log in to Stocksigma to read the Overall Summary section of this summary.
Tone & Disclosure
Log in to Stocksigma to read the Tone & Disclosure section of this summary.