IPO-Bound Kissht’s FY25 Profit Dips 19%, Revenue Falls 20% YoY

The IPO-bound startup’s parent OnEMI Technology also saw its operating revenue fall over 20% to INR 1,337.47 Cr during the year under review from INR 1,674.45 Cr in FY24

Meanwhile, total expenses decreased 20.7% to INR 1,136.42 Cr in FY25 from INR 1,432.86 Cr in the previous year

However, borrowing costs more than doubled to INR 164.40 Cr from INR 68.6 Cr in FY24. Staff costs rose 6.8% YoY to INR 193.24 Cr, while provisions for credit loss fell to INR 326.83 Cr

Lending tech startup Kissht’s net profit declined…