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Digital lending platform Kissht reported a 44.7% year-on-year increase in operating revenue in Q2 FY27 while its profit more than doubled during the quarter. Kissht’s revenue from operations rose to Rs 732 crore in Q2 FY27 from Rs 506 crore in the corresponding quarter last fiscal year, according to its consolidated financial statements sourced from the NSE. Founded by Ranvir Singh and Krishnan Vishwanathan, Kissht provides small-ticket consumer loans. The company has expanded its lending business through partnerships with merchants across categories such as electronics, fashion and travel. It primarily earns interest income from these loans. The Mumbai-based company also reported Rs 8 crore in other income, taking its total income to Rs 740 crore in Q2 FY27, compared with Rs 518 crore a year ago. On the expense side, impairment losses on financial instruments, which reflect provisions for potential loan losses, increased 9% year-on-year to Rs 133 crore from Rs 122 crore. Employee benefit expenses rose 38.8% to Rs 68 crore, while finance costs remained flat at Rs 72 crore. Depreciation expenses declined 8.8% to Rs 5 crore, while other expenses surged 65.6% to Rs 308 crore. Overall, total expenses increased 35% to Rs 586 crore in Q2 FY27 from Rs 434 crore in the year-ago quarter. At the bottom line, Kissht’s profit more than doubled to Rs 125 crore in Q2 FY27 from Rs 62.44 crore in Q2 FY26. For the first half of FY27 (H1 FY27), Kissht’s operating revenue grew 44.6% to Rs 1,401 crore from Rs 969 crore in the corresponding period last fiscal year. Its profit rose 80.3% to Rs 220 crore from Rs 122 crore during the same period.
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