India, Aug. 20 -- Lending tech startup Kissht's net profit declined 18.6% to INR 160.62 Cr in FY25 from 197.29 Cr in the previous fiscal year.

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. The decline was driven by a fall in interest income, a sharp drop in penalty charges, and deferral of processing fees for long-term loans.

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...