[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Inc42 [@Inc42](/creator/twitter/Inc42) on x 51.1K followers Created: 2025-07-23 09:14:44 UTC OnEMi Technologies Pvt Ltd, the parent entity of IPO-bound fintech startup Kissht, saw its net profit decline XXXX% to INR XXX Cr in the fiscal year 2024-25 (FY25), as per a report by credit rating agency Crisil Ratings. The note, dated July X for the company’s NBFC arm Si Creva Capital Services Private Limited, read that OnEMI’s income declined XXXX% to INR XXXXX Cr in FY25 compared to INR XXXXX Cr in the year ago period. The ratings agency attributed the decline in the consumer lending startup’s bottom line and top line to a one-time write-off on account of the discontinuation of a “short-term loan product”. “… Profitability got impacted in fiscal 2025 (FY25), with profit after tax of ~INR XXX Cr and RoMA (return on managed assets) of 4.4%. The impact is largely pertaining to the one-time sizeable write-off taken by the company in the first quarter of fiscal 2025 as it discontinued (a) short-term loan product. Going forward, the company’s ability to maintain healthy profitability while achieving scale, will remain monitorable,” read the note. Read the full article here - #news #Inc42 #IPO #fintech #financials #financialnews #businessnews #business #startupnews #startup #India #NBFC #loan #expansion  XXX engagements  **Related Topics** [rating agency](/topic/rating-agency) [default risk](/topic/default-risk) [indian rupee](/topic/indian-rupee) [fintech](/topic/fintech) [Post Link](https://x.com/Inc42/status/1947948482825752727)
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Inc42 @Inc42 on x 51.1K followers
Created: 2025-07-23 09:14:44 UTC
OnEMi Technologies Pvt Ltd, the parent entity of IPO-bound fintech startup Kissht, saw its net profit decline XXXX% to INR XXX Cr in the fiscal year 2024-25 (FY25), as per a report by credit rating agency Crisil Ratings.
The note, dated July X for the company’s NBFC arm Si Creva Capital Services Private Limited, read that OnEMI’s income declined XXXX% to INR XXXXX Cr in FY25 compared to INR XXXXX Cr in the year ago period.
The ratings agency attributed the decline in the consumer lending startup’s bottom line and top line to a one-time write-off on account of the discontinuation of a “short-term loan product”.
“… Profitability got impacted in fiscal 2025 (FY25), with profit after tax of ~INR XXX Cr and RoMA (return on managed assets) of 4.4%. The impact is largely pertaining to the one-time sizeable write-off taken by the company in the first quarter of fiscal 2025 as it discontinued (a) short-term loan product. Going forward, the company’s ability to maintain healthy profitability while achieving scale, will remain monitorable,” read the note.
Read the full article here -
#news #Inc42 #IPO #fintech #financials #financialnews #businessnews #business #startupnews #startup #India #NBFC #loan #expansion
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