Jana Small Finance Bank Limited has informed the Exchange regarding a press release dated July 22, 2025, titled "Press Release for the Quarter ended June 2025".
JSFB · price
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Awaiting price reaction for this filing.
Jana Small Finance Bank reported a Profit After Tax of ₹102 crores for Q1 FY26, down from ₹171 crores in Q1 FY25, primarily due to an accelerated provision of ₹150 crores taken during the quarter. Adjusted PAT (excluding the accelerated provision) grew 18% year-on-year. Advances grew 16% YoY to ₹27,825 crores with secured book rising 36% YoY and now forming 71% of total assets. Total deposits grew 24% YoY to ₹29,426 crores, with term deposits up 28% YoY. Capital Adequacy Ratio stood strong at 20.5%, LCR at 171%, and asset quality remained stable with GNPA at 2.8% and NNPA at 0.9%. The bank has filed an application with RBI to convert into a Universal Bank.
Reported PAT decline looks worse than reality due to one-time accelerated provisioning of ₹150 crores — the underlying business is growing well with strong deposit and secured loan growth. Margins are under pressure (NIM down to 6.9% from 8.0%) and cost-to-income ratio has worsened, which may weigh on short-term profitability. The Universal Bank application is a significant positive catalyst for long-term growth and valuation re-rating.