OnEMI’s Q1 margin trails peers by 32.04 percentage points
Consolidated net profit was Rs 95.08 cr, while interest expense of Rs 81.88 cr remained a major deduction from operating profit.
Filed 29 Jul 2026, 20:46 IST · after market close · Onemi Technology Solutions Ltd (KISSHT)
Key takeaways
- OnEMI reported consolidated net profit of Rs 95.08 cr in Q1FY27, after Rs 81.88 cr of interest expense.
- The company’s 30.97% operating margin was 32.04 percentage points below the 63.01% median for 31 Financial Services peers.
- Management said Kissht’s models provide 2.5 times more risk separation than bureau scores for loans in its segment.
Price around the results
Operating profit converted into Rs 95.08 cr of net profit
OnEMI generated consolidated revenue of Rs 669.5 cr and operating profit of Rs 207.34 cr in Q1FY27. After interest of Rs 81.88 cr, depreciation of Rs 4.82 cr and tax of Rs 32.62 cr, net profit was Rs 95.08 cr. Other income of Rs 7.05 cr was modest relative to profit before tax of Rs 127.7 cr, so it was not the main source of earnings.
Interest is the main charge below operating profit
Expenses were Rs 462.16 cr against operating profit of Rs 207.34 cr, producing an operating margin of 30.97%. Interest expense of Rs 81.88 cr was the largest reported deduction below operating profit, while the tax rate was 25.55%. With no year-on-year or sequential driver data, the quarter does not establish whether margin pressure is increasing or easing.
Margin ranks near the lower end of the peer set
OnEMI’s 30.97% operating margin was 32.04 percentage points below the 63.01% median among 31 Financial Services companies that had reported the same quarter. It ranked sixth from the bottom of that peer group. This places the company’s operating profitability well below the sector comparison available for Q1FY27.
Management highlights Kissht’s risk-selection model
Management said Kissht’s models provide 2.5 times more risk separation than bureau scores for loans given to its segment. The comment points to model-led borrower selection as a stated part of the company’s lending proposition, but the reported quarter contains no comparative data linking that claim to revenue, margins or asset quality.
Results were filed after the market close
The consolidated results were filed at 20:46 IST on 29 July 2026, after market close. There is no reported market reaction yet, so the stock’s response cannot be assessed against its past results history.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹670 cr |
| Other income | ₹7 cr |
| Expenses | ₹462 cr |
| Operating profit | ₹207 cr |
| Operating margin (%) | 30.97% |
| Interest | ₹82 cr |
| Depreciation | ₹5 cr |
| Profit before tax | ₹128 cr |
| Tax | ₹33 cr |
| Net profit | ₹95 cr |
| EPS (₹) | ₹6.41 |
Operating margin of 30.97% compares with a Financial Services sector median of 63.01% across 31 peers that have reported Q1FY27.
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Competition
- Kissht models provide 2.5 times more risk separation than bureau scores for loans given to its segment.
What to watch
- Whether operating margin moves from 30.97% in the next reported quarter.
- Whether interest expense remains close to Rs 81.88 cr relative to operating profit of Rs 207.34 cr.
- Whether other income stays modest relative to profit before tax of Rs 127.7 cr.