| P/E TTM | 21.12Sector 19.7 |
|---|---|
| Market Cap | ₹6,690.68 CrBanking & Finance |
| RSI | 31.42Neutral Zone |
| Promoter Holding | 20.42%No Pledge |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 732 | 670 | 506 |
| Other Income | 8.5 | 7.1 | 11.8 |
| Total Income | 740 | 677 | 518 |
| Profit Before Tax | 154 | 128 | 83.0 |
| Net Profit | 125 | 95.1 | 62.4 |
| Operating Margin | 20.8% | 18.9% | 16.0% |
| Net Profit QoQ | +31.5% | ||
| Net Profit YoY | +100.5% | ||
Key highlights
- Consolidated net profit reached ₹125 crore in Q2-27, a 31.5% sequential increase
- Revenue from operations grew to ₹732 crore, representing 44.7% growth over Q2-26
- Operating margins expanded to 20.8% compared to 16.0% in the same quarter last year
- Board approved ₹624.15 crore investment in Si Creva Capital Services via rights issue
- Assets Under Management (AUM) reached ₹9,317 crore as of September 30, 2026
- Company utilized ₹834.12 crore from its ₹850 crore IPO proceeds as of quarter-end
Profitability Surges as Operating Efficiency Improves
OnEMI Technology Solutions demonstrated significant scalability in Q2-27, with net profit reaching ₹125 crore against ₹62.4 crore in the year-ago period. This 100.5% YoY growth was supported by a 44.7% rise in operating revenue, which touched ₹732 crore. The company maintained tight control over expenses, allowing operating margins to climb to 20.8%.
Sequentially, profit grew by 31.5% from ₹95.1 crore in Q1-27. Total income for the quarter stood at ₹740 crore, despite other income declining to ₹8.5 crore from ₹11.8 crore in Q2-26.
Strategic Capital Infusion for NBFC Subsidiary
The company is directing substantial capital toward its lending arm, Si Creva Capital Services Private Limited. The board has approved an investment of ₹624.15 crore through a rights issue for 23,37,516 equity shares at a price of ₹2,670.14 per share. This investment is aimed at augmenting the capital base of the subsidiary to meet growth requirements.
Si Creva, a Middle Layer Non-Deposit taking NBFC, reported a turnover of ₹1,541.33 crore for FY 2025-26. The transaction is expected to be completed by the end of December 2026.
IPO Fund Utilization and Portfolio Growth
- Raised ₹850 crore through an Initial Public Offering earlier in May 2026
- Utilized ₹637.50 crore for augmenting the capital base of subsidiaries as of Sept 30
- Allocated ₹151.70 crore toward general corporate purposes from issue proceeds
- Remaining unutilized IPO funds of ₹15.88 crore are currently parked in bank accounts
- Assets Under Management grew to ₹9,317 crore, supporting management guidance for FY27
- Consolidated total assets rose to ₹4,965.34 crore as of September 30, 2026
Subsidiary Investment Details
Pursuant to the objects of the Preferential Issue of the Company, it is proposed to utilise at least 75% of the proceeds from the preferential issue towards augmentation of the capital base of Si Creva, to meet its future capital requirements arising out of the growth of Si Creva’s business.
| Date | Announcement | Amount |
|---|---|---|
| 30 Jul 2026 | Management guidance for FY27 upgraded to >40% AUM growth and >20% ROESource: youtube.com | – |
| 29 Jul 2026 | Q1 FY27 consolidated net profitSource: BSE filing | ₹95.08 Cr |
| 29 Jul 2026 | Q1 FY27 consolidated revenue from operationsSource: nivatawealth.in | ₹669.50 Cr |
| 29 May 2026 | Management guidance for FY27 targeting 40% AUM growth and 4.5-5.0% RoAAUMSource: NSE filing | – |
| 27 May 2026 | Q4 FY26 consolidated net profitSource: kotakneo.com | ₹82.18 Cr |
| 27 May 2026 | Q4 FY26 consolidated revenue from operationsSource: univest.in | ₹620.00 Cr |
What to watch next
- Earnings conference call scheduled for October 29, 2026
- Completion of the ₹624.15 crore investment in Si Creva by December 2026
- Progress toward the targeted FY27 AUM growth guidance of over 40%
- Regulatory approval for stock broking and other activities for subsidiary Invincible Minds
“The investment to be made through subscription of 23,37,516 equity shares of face value of INR 10/- per Equity Share for cash at a price of INR 2,670.14 per Equity Share which shall rank pari passu with the existing equity shares.”
| Share price | ₹327 |
|---|---|
| Market capitalisation | ₹6,690.68 Cr |
| Revenue (annual) | ₹2,179.25 Cr |
| Net profit (annual) | ₹281.45 Cr |
| Revenue (latest quarter) | ₹669.50 Cr+8.10% vs previous quarter |
| Net profit (latest quarter) | ₹95.08 Cr+15.69% vs previous quarter |
| P/E (TTM) | 21.12×Sector 19.7× |
| Promoter holding | 20.42%-4.38% QoQ |
| FII holding | 9.95%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by OnEMI Technology Solutions Ltd announcing its unaudited consolidated and standalone results for the quarter and half-year ended September 30, 2026. Market figures from a third-party data provider.
