Digital lending platform Kissht reported strong growth in revenue and profit for the fourth quarter and full financial year ended 31 March 2026, weeks after its stock market debut in India.
The Mumbai-based fintech company said consolidated revenue from operations rose to Rs 619 crore in the January-March quarter, up from Rs 369 crore in the same period a year earlier, while total income for the quarter stood at Rs 625 crore.
PAT increased 52% year-on-year to Rs 82 crore in Q4 FY26, compared with Rs 54 crore in the corresponding quarter last year. Profit before tax rose to Rs 110 crore from Rs 70 crore.
For the full financial year, operating revenue climbed 63% to Rs 2,179 crore, compared with Rs 1,337 crore in FY25. Annual net profit surged nearly 75% to Rs 281 crore from Rs 161 crore a year earlier, reflecting stronger profitability alongside the expansion of its lending operations.
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht provides small-ticket consumer loans through partnerships with merchants across categories including electronics, fashion and travel.
The company's current loan portfolio grew sharply to Rs 2,639 crore as of March 2026, up from Rs 1,877 crore a year earlier, while total consolidated assets expanded to nearly Rs 4,000 crore.
Kissht reported an improvement in operating cash flow during the year, although it remained negative. Its net cash outflow from operating activities narrowed to Rs 461 crore in FY26, compared with an outflow of Rs 661 crore in FY25. Closing cash and cash equivalents rose to Rs 209 crore from Rs 132 crore a year earlier.
Despite higher earnings, costs also increased significantly during the quarter. Total expenses rose 70% year-on-year to Rs 515 crore.
Impairment on financial instruments remained one of the company's largest expense categories, accounting for more than 22% of the total cost base. The expense increased 51% to Rs 114 crore during the quarter, while finance costs rose about 46% to Rs 77 crore. Employee benefit expenses stood at Rs 65 crore.
Kissht's balance sheet also strengthened during the year, with total equity rising to Rs 1,343 crore from Rs 1,006 crore in FY25.
The company made its stock market debut earlier this month, listing at a 12% premium to its issue price. Shares later traded at around Rs 262, about 53% above the IPO price of Rs 171.
Kissht raised about Rs 926 crore through its IPO, including a fresh issue of shares worth Rs 850 crore and an offer for sale of 4.4 million shares valued at Rs 76 crore.
The company's market capitalisation stood at about Rs 4,414 crore, according to market data available at the time of writing.