Jana Small Finance Bank announced Q1FY26 results The Company has filed its application for Universal Bank with RBI during the quarter. Asset AUM stands at Rs 29,930 crore, growing by 16% YoY with 71% share of secured assets. Secured assets grows by 36% YoY and Unsecured de-growth is 12% YoY. Total Deposits stands at Rs 29,426 crore. Deposits growth of 24% YoY. CASA grow by 8% YoY; TD growth of 28% YoY. Credit to Deposit ratio improves to 94.6% in Q1FY26 vs 102.1% in Q1FY25. Capital Adequacy improves to 20.5% (including interim profit) with Tier-1 CRAR of 19.4%. Strong liquidity with LCR of 171%. GNPA ratio is 2.8% and NNPA ratio is 0.9% with PCR at 82.2% (including technical write-off). PAT at Rs 102 crore after providing for accelerated provision of Rs 150 crore in Q1FY26. Ajay Kanwal, MD and CEO, Jana Small Finance Bank said: “ India’s macroeconomic fundamentals remain strong, and the Bank is seeing accelerated opportunities across its core segments—housing finance, rural lending, and MSME financing. These areas continue to benefit from structural tailwinds, and Jana Bank is strategically positioned to serve these segments with increasing scale and efficiency. With the recently announced CRR reduction, repo rate cuts and surging digital adoption, the operating environment is shifting positively and these developments provide the right foundation to strengthen our balance sheet and enhance delivery across underserved segments. With the cost of funds expected to reduce further in the upcoming quarters, the Bank anticipates an improvement in Net Interest Margins (NIMs). As unsecured lending gradually resumes, it is expected to support earnings momentum, alongside a reduction in Gross and Net Non-Performing Assets (NPAs). The combination of macroeconomic support, strong execution and a calibrated risk posture positions Jana Small Finance Bank for sustained and profitable growth in the quarters ahead.” Result PDF
Conference Call with Jana Small Finance Bank Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Microfinance Institutions company Jana Small Finance Bank announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Regulatory provision: Rs 76 crore compared to Rs 81 crore during Q3FY25. PBT: Rs 120 crore compared to Rs 105 crore during Q3FY25. PAT: Rs 123 crore compared to Rs 111 crore during Q3FY25. FY25 Financial Highlights: Adjusted PAT improves by 33% in FY25 over FY24. Asset AUM stands at Rs 29,545 crore, growing by 19% YoY with 70% share of secured assets. Secured assets grows by 40% and Unsecured de-growth is 11% for FY25. Total Depositsstands at Rs 29,120 crore. Deposits growth of 29% YoY. CASA deposits grow by 18% YoY; TD growth of 32% YoY. Credit to Deposit ratio improves to 93.3% in FY25 vs 102.4% for FY24. Capital Adequacy improves to 20.7% with Tier-1 CRAR of 19.8% even after assets growth of 19.4% during the year. Strong liquidity with LCR of 253%. GNPA at 2.5%, NNPA at 0.9% and PCR at 66.1% as at 31st March 2025. PAT at Rs 501 crore after accelerated provision of Rs 305 crore in FY25. Ajay Kanwal, MD & CEO, Jana Small Finance Bank, said: “With this year’s result, we have met the required conditions of GNPA<3% and NNPA<1% for 2 consecutive years. Thus, we will be applying for Universal Banking License in this quarter. The Bank’s performance during FY25 has been tremendous given the challenges in the MFI industry and tight liquidity faced during the year. However, being true to our strategy, we grew our Secured book by 40% YoY, which is now at 70% of AUM. Our deposits have grown at solid 29%, significantly over pacing the industry. Given that MFI stress peak has past last year, we are looking forward to a solid year ahead” Result PDF
Jana Small Finance Bank announced 9MFY25 results Asset AUM stands at Rs 27,984 crore, growing by 19% YoY with 68% assets secured. Secured growth 29% for 9M and Unsecured de-growth of 9M is 11%. Affordable Housing & Micro LAP largest business with Rs. 11,000 crore AUM at 39% of the total AUM Total Depositsstands at Rs 25,865 crore Deposits growth of 24% YoY and 15% in 9M CASA deposits stand at Rs 4,768 crore, increasing by 22% YoY and 7% in 9M TD growth of 25% YoY, 16% in 9M CASA ratio stands at 18.4% as at December-24 decreased from 19.7% in March-2024 given rate reduction Capital Adequacy at 18.4% with Tier-1 CRAR of 17.5%. Strong liquidity with LCR of 279% Considering 9M profit, CRAR at 20.4%, annualized ROA & ROE at 1.5% and 13.5%, respectively. GNPA at 2.71% reducing by 15 basis points QoQ; NNPA at 0.91% and PCR at 66.9% Highest ever PBT of Rs. 354 crore for 9 months PAT of Rs 378 crore after creating for an accelerated provision of Rs 208 crore and adding DTA of Rs 24 crore Ajay Kanwal, MD and CEO, Jana Small Finance Bank said: “The Bank has delivered a strong quarter with improving credit quality and strong growth in secured assets. MFI business challenge have bottomed out but we remain cautious. Focus on retail CASA will get further attention given price cut. The strong performance in a difficult year has been possible due to the dedicated and committed effort put in by the 24,000 employees across our national footprint in 24 states and 778 branches.” Result PDF
Jana Small Finance Bank announced H1FY25 results Loan AUM stands at Rs 26,411 crore, growing by 17% YoY with 65% assets secured. Secured growth 16% for H1 and Unsecured de-growth of H1 is 7%. Total Depositsstands at Rs 24,808 crore. Deposits growth of 31% YoY and 10% in H1. CASA deposits stand at Rs 4,977 crore, increasing by 28% YoY and 12% in H1. TD growth of 32% YoY, 10% in H1. CASA ratio stands at 20.1% as at September-24 increased from 19.7% in March-2024. Capital Adequacy at 18.8% with Tier-1 CRAR of 17.8%. Strong liquidity with LCR of 261%. Considering interim profit for H1FY25, CRAR is 20.3% and Tier-1 CRAR is 19.3%. Profit after tax (PAT) stood at Rs 267 crore in H1FY25 as compared to Rs 213 crore in H1FY24 registering a growth of 25% YoY. Cost Income ratio at 58.3%, ROA at 1.6% and ROE at 14.5%. GNPA at 2.86% led by MFI stress; NNPA at 0.95% and PCR at 67.3%. PAT of Rs 267 crore after creating for an additional buffer provision of Rs 115 crore and adding DTA of Rs 19 crore. Ajay Kanwal, MD and CEO, Jana Small Finance Bank said: “Jana Small Finance Bank (Jana SFB) delivered a solid quarter growing secured assets and deposits with focus on CASA .We have seen elevated delinquency in the MFI business which has resulted in higher GNPA and degrowth in MFI business. We continue to serve aspirational India across 24 states with aim of becoming an anchor Bank to our customers”. Result PDF
Jana Small Finance Bank announced Q1FY25 results: Loan AUM stands at Rs 25,759 crore, growing by 25% YoY Advances growth of 25% YoY and 4% QoQ Secured QoQ growth 8%; Unsecured QoQ growth (1%) Now secured book at 62% vs 60% in Mar-24 Total Deposits stand at Rs 23,710 crore Deposits growth of 41% YoY and 5% QoQ CASA deposits stand at Rs 4,846 crore, increasing by 47% YoY and 9% QoQ TD growth of 40% YoY, 4% QoQ CASA ratio stands at 20.4% as at June-24 increased from 19.7% in March-2024 Capital Adequacy at 19.3% with Tier-1 CRAR of 18.2%. Strong liquidity with LCR of 296% Considering interim profit for Q1 FY25, CRAR is 20.2% and Tier-1 CRAR is 19.1% Profit after tax (PAT) stood at Rs 171 crore in Q1 FY25 as compared to Rs 90 crore in Q1 FY24 registering a growth of 89% YoY Cost Income ratio at 55.5%, ROA at 2.1% and ROE at 18.8% GNPA at 2.5% slight increase is event driven and seasonal PAT of Rs 171 crore after creating for an additional buffer provision of Rs 54 crore and adding DTA of Rs 10 crore Commenting on the performance, Ajay Kanwal, MD and CEO, Jana Small Finance Bank said: “Jana Small Finance Bank (Jana SFB) delivered a solid quarter growing secured assets and deposits with focus on CASA. We have small rise in GNPA which we believe is seasonal and event driven, this will nevertheless get our full attention in the following quarters. We continue to serve aspirational India across 24 states with aim of becoming an anchor Bank to our customers” Result PDF
Jana Small Finance Bank announced FY24 results: Financial Highlights: Net Interest Income has grown to Rs 2,127 crore in FY24 vs Rs 1,660 crore in FY23, up by 28.1% YoY Loan AUM stands at Rs 24,746 crore, growing by 24.9% YoY Secured book grew by 33% YoY Affordable Housing book grew more than 57% YoY Micro LAP loan book grew by 40% YoY Two-wheeler book has increased by 107% YoY Unsecured book grew by 14% YoY Total Depositsstand at Rs 22,571 crore, growing by 38% YoY CASA deposits stand at Rs 4,447 crore, increasing by 35% YoY CASA ratio stands at 20% as at March-2024 Profit after tax (PAT) stood at Rs 670 crore in FY24 as compared to Rs 256 crore in FY23, registering a growth of 162% YoY. PAT for FY24 considers Rs 155 crore of DTA recognized in Q4FY24 GNPA improved to 2.0% as of March 31, 2024, as against 3.6% as of March 31,2023 NNPA improved to 0.5% as of March 31, 2024, as against 2.4% as of March 31,2023 PCR at 74% as of March 31, 2024 NIM% improved to 8.0% in FY24 as against 7.8% in FY23 ROA & ROE for FY24 stands at 2.4% and 26.9% respectively. ROA & ROE adjusted for DTA is at 1.8% and 20.7% respectively. Commenting on the performance, Ajay Kanwal, MD and CEO, Jana Small Finance Bank said, “Our transformation to a customer led franchise serving aspirational India is showing strong acceptance and success. We continue to focus on meeting the needs of the underserved, from deposits to loans, with optionality of fully digital processes across all products. Our risk diversification has resulted in 60% of our loan book being classified as secured, primarily in the Home Loan and Loan Against Property (LAP) products. We foresee a huge opportunity for our business model and will strive to continue on this path with high standards of governance and customer service”. Result PDF