Kissht Achieves Remarkable Growth in Q4 FY26

Digital lending platform Kissht has recorded impressive financial success in Q4 FY26, shortly after its stock market introduction earlier this month. The company’s operating revenue saw a significant rise of 68% year-on-year, exceeding the Rs 600 crore threshold during the quarter, while its profit surged by 52%.

Kissht’s revenue from operations increased to Rs 619 crore in Q4 FY26, up from Rs 369 crore in Q4 FY25, as detailed in its consolidated financial report obtained from the NSE. Established in 2015 by Ranvir Singh and Krishnan Vishwanathan, the company offers small-ticket consumer loans and has rapidly expanded via collaborations with merchants in various sectors, such as electronics, fashion, and travel.

Revenue Sources and Financial Performance

The primary income for the company stems from interest on these loans, though specific revenue details for the quarter were not provided. Additionally, the firm generated Rs 6 crore from non-operational sources, bringing total revenue to Rs 625 crore. Over the entire financial year, the operating revenue exhibited a 63% year-on-year increase, reaching Rs 2,179 crore from Rs 1,337 crore in FY25.

Expenditures and Profitability

For the fintech platform, impairment costs on financial instruments constituted a major portion of its expenses, exceeding 22% of total costs. This expense escalated by 50% year-on-year, amounting to Rs 114 crore in Q4 FY26, while finance costs rose 48% to reach Rs 77 crore. Employee benefits accounted for Rs 65 crore, and various overheads, including marketing and IT expenses, led to a 70% increase in total expenditure, reaching Rs 515 crore in Q4 FY26 from Rs 303 crore the previous year.

Ultimately, robust revenue growth enabled the Mumbai-based company to increase its profit by 52% year-on-year, totaling Rs 82 crore in Q4 FY26. During the full fiscal year, profits nearly doubled, climbing to Rs 281 crore from Rs 161 crore in FY25.

Stock Market Performance

Earlier this month, Kissht marked a successful entry into the stock market in India, with shares debuting at a 12% premium over the issue price. The stock has maintained its upward trajectory, closing at approximately Rs 266 in the most recent trading session, which is over 56% higher than its issue price of Rs 171. The company’s current market capitalisation is valued at Rs 4,482 crore, equivalent to $472 million.

According to the company’s red herring prospectus (RHP), Kissht secured around Rs 926 crore through its initial public offering (IPO), which comprised a fresh equity issue valued at Rs 850 crore and an offer for sale (OFS) of 4.4 million shares worth Rs 76 crore.