OnEMI Technology Solutions Limited (Kissht) has released the transcript of its Earnings Conference Call held on May 29, 2026, to discuss the Audited Financial Results for the quarter and financial year ended March 31, 2026. The call, which was the company's first since listing, featured insights from MD & CEO Ranvir Singh, CFO Krishnan Vishwanathan, and other management members. During the call, management highlighted robust growth despite a challenging economic environment. Assets Under Management (AUM) grew 73% year-on-year and 19% quarter-on-quarter to ₹7,066 crore. Profit After Tax (PAT) for the quarter grew 52% year-on-year, and for FY26, PAT grew 75% year-on-year to ₹281 crore. Total income for FY26 reached ₹2,209 crore, a 63% increase year-on-year. The company also reported an improvement in asset quality, with Gross NPA reducing from 2.89% to 2.12% year-on-year, and collection efficiency remaining above 97%. Key strategic initiatives discussed include a focus on AI and ML models for underwriting and fraud detection, with AUC reaching 74%. The company emphasized prudence, reducing disbursements by 7% and pausing lending in high-risk pin codes. Investments in collections, with over 7,000 field agents and 1,000 tele-callers, were also detailed. The Loan Against Property (LAP) segment, contributing 7.3% of total AUM, was highlighted for its organic growth from existing customers and technology-driven approach. Looking ahead to FY27, OnEMI Technology Solutions expects AUM growth of over 40%, targeting Gross NPA below 2.25%, and a return on average assets in the range of 4.5%-5%. The company also anticipates a reduction in funding costs following its recent A- credit rating. The transcript also covered discussions on margin trajectory, operational expenditure drivers, and future guidance on spreads.
