How Did Kissht Deliver Strong Growth in the First Quarter of FY27?
Digital lending platform Kissht has reported a robust start to FY27, posting 45% year-on-year growth in operating revenue and a 58% increase in net profit during the quarter ended June 2026.
According to the company’s consolidated financial statements filed with the National Stock Exchange (NSE), revenue from operations rose to ₹670 crore in Q1 FY27, compared with ₹463 crore in the corresponding quarter of the previous financial year.
The strong performance was supported by rapid expansion of its lending portfolio, continued customer acquisition, and disciplined execution of its capital-light lending strategy.
Operating Revenue Climbs to ₹670 Crore
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht provides small-ticket consumer loans through partnerships with merchants across categories such as:
- Electronics
- Fashion
- Travel
- Consumer goods
- Other retail segments
The company primarily generates revenue through interest income earned on these loans, although it did not disclose a detailed revenue breakdown for the quarter.
In addition to operating income, Kissht earned ₹7 crore from non-operating sources, taking its total revenue to ₹677 crore in Q1 FY27.
Loan Book Continues to Expand
Kissht maintained strong momentum across its lending business during the quarter.
Key operational highlights include:
- Assets Under Management (AUM): ₹8,001 crore
- 61% year-on-year AUM growth
- 13% sequential AUM growth
- Over 12.25 million customers served, up 26% from a year earlier
The company also continued expanding its capital-light lending model.
Its off-book AUM reached ₹4,284 crore, accounting for 53.6% of the total loan portfolio.
This model enables Kissht to partner with financial institutions while reducing the amount of capital deployed directly on its own balance sheet.
Credit Costs and Finance Expenses Increase
As lending volumes increased, so did operating expenses.
One of the company’s largest cost components remained impairment on financial instruments, reflecting provisions for expected credit losses.
During Q1 FY27:
- Impairment expenses:₹128 crore, up 28% year-on-year
- Finance costs:₹82 crore, up 39%
- Employee benefit expenses:₹71 crore
The company also increased spending on:
- Marketing
- Legal and professional services
- Technology infrastructure
- Information technology operations
Overall, total expenditure increased 42% year-on-year to ₹549 crore, compared with ₹386 crore in Q1 FY26.
Profit Jumps 58%
Despite higher operating costs, Kissht’s strong revenue growth translated into improved profitability.
The Mumbai based fintech reported a net profit of ₹95 crore in Q1 FY27, representing a 58% increase from ₹60 crore in the corresponding quarter last year.
On a sequential basis, profit also improved 16%, rising from ₹82 crore reported in Q4 FY26.
The results indicate that the company has been able to scale its lending operations while maintaining healthy earnings growth.
Capital-Light Strategy Supports Growth
Kissht’s increasing share of off-book AUM reflects its focus on a partnership-led lending model.
Under this approach, partner financial institutions fund a significant portion of the loan book while Kissht continues to originate customers, underwrite loans, and manage collections.
The strategy allows the company to:
- Scale lending faster
- Improve capital efficiency
- Reduce balance-sheet risk
- Expand customer reach
As more than half of its loan portfolio is now off-book, the model is becoming a key driver of long-term growth.
Market Performance
At the close of trading on Wednesday, Kissht’s shares were trading at ₹343.45, giving the company a market capitalisation of ₹5,796 crore (approximately $610 million).
The company’s strong quarterly performance reinforces investor confidence as India’s digital lending sector continues to expand.
What’s Next?
Kissht has begun FY27 with strong operational and financial momentum, driven by rapid loan book expansion, growing customer adoption, and sustained profitability. With assets under management crossing ₹8,000 crore and more than half of its portfolio operating under a capital-light model, the fintech is well-positioned for further growth. Going forward, investors will closely monitor credit quality, lending expansion, and profitability as competition in India’s digital lending market continues to intensify.
