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Key Points

OnEMI Technology Solutions reported an 18.56% decline in net profit for FY25. The company's revenue from operations also dropped by over 20% during the same period. Despite the financial downturn, OnEMI is moving forward with IPO plans to raise Rs 1000 crore. Most of the fresh proceeds will be used to strengthen their NBFC subsidiary's capital base.

Key Points: OnEMI Technology FY25 Profit Falls 18.5% as IPO Plans Advance

  • Revenue from operations fell over 20% to Rs 1337.46 crore in FY25
  • Finance costs more than doubled reaching Rs 164.4 crore during the year
  • Company plans fresh issue of shares worth Rs 1000 crore through IPO
  • Rs 750 crore from IPO proceeds to strengthen NBFC subsidiary capital base
2 min read

Kissht operator OnEMI Technology's net profit falls over 18.5 pc in FY25, shows DRHP

OnEMI Technology reports 18.56% net profit decline to Rs 160.6 crore in FY25 while filing DRHP for Rs 1000 crore IPO to fund subsidiary growth.

"Net profit slipped to Rs 160.6 crore from Rs 197.2 crore in the previous year - DRHP Filing"

Mumbai, Aug 29

OnEMI Technology Solutions Limited, the company that runs digital lending platforms ‘Kissht’ and ‘Ring’, has reported an 18.56 per cent decline in its net profit for the financial year ended March 31, 2025 (FY25).

According to its Draft Red Herring Prospectus (DRHP), filed with the capital markets regulator SEBI to raise funds through an initial public offering (IPO), the company’s net profit also slipped to Rs 160.6 crore from Rs 197.2 crore in the previous year (FY24).

The revenue from operations also fell to Rs 1,337.46 crore in FY25, compared to Rs 1,674.44 crore in FY24 -- marking a decline of more than 20 per cent.

Total income followed suit and dropped to Rs 1,352.6 crore in FY25 from Rs 1,700.3 crore a year earlier.

On the cost side, total expenses came down to Rs 1,136.4 crore in FY25 from Rs 1,432.8 crore in FY24.

Employee costs increased to Rs 193.2 crore, while finance costs more than doubled to Rs 164.4 crore.

Impairment charges on financial instruments fell sharply to Rs 326.8 crore from Rs 621.2 crore, and other expenses also came down to Rs 429.2 crore from Rs 539.4 crore.

Through the IPO, the company plans a fresh issue of shares worth up to Rs 1,000 crore along with an offer for sale (OFS) of 88.79 lakh equity shares by existing investors, including Ammar Sdn Bhd, Vertex Ventures, Endiya Seed Co-creation Fund, Ventureast, and AION Advisory Services LLP.

The offer will also include a reservation for eligible employees, according to its DRHP.

From the fresh proceeds, about Rs 750 crore will be infused into its subsidiary, Si Creva Capital Services, to strengthen the NBFC’s capital base and support future growth requirements.

The remaining funds will go towards general corporate purposes. The company may also consider a pre-IPO placement of up to Rs 200 crore, which would reduce the size of the fresh issue accordingly.

OnEMI Technology Solutions, formerly OnEMI Technology Solutions Private Limited, is a digital lending and payments company that offers personal loans and loan-against-property products.

Its technology-driven platforms cater largely to underserved customers, leveraging alternative credit scoring and analytics.

Loan disbursement and collections are handled by its NBFC arm, Si Creva Capital Services.

- IANS

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Reader Comments

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Priya S
Finance costs more than doubled! That's concerning. With rising interest rates, lending companies are definitely feeling the pinch. I wonder how this will affect their customer interest rates going forward 🤔
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Arjun K
Good to see impairment charges reduced significantly from Rs 621 crore to Rs 326 crore. This shows better risk management and recovery processes. Maybe they've learned from past NPAs and improved their credit assessment algorithms 📊
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Michael C
Interesting timing for an IPO when profits are declining. Investors should be cautious - looks like existing investors are using the OFS to exit partially. The Rs 750 crore infusion into their NBFC arm suggests they're preparing for more aggressive lending
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Shreya B
I've used Kissht for a personal loan last year. The process was smooth but their interest rates were higher than traditional banks. With finance costs doubling, I worry they might increase rates further making it harder for middle-class borrowers like me 😟
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Vikram M
Employee costs increased while revenue fell - that's not a good sign. Either they hired more people or gave hikes during tough times. Management needs to justify this in their roadshows. Cost control is crucial in current market conditions 🏢
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Ananya R
Despite the decline

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