Jana Small Finance Bank Q1: Net profit jumps 52% as NIM improves to 7.5%, loan book grows 26%

Jana Small Finance Bank Ltd on Wednesday (July 15) reported a 52% year-on-year (YoY) rise in Profit After Tax (PAT) to ₹155 crore for the first quarter of FY27, while its Gross Loan Portfolio (GLP) grew 26% YoY to ₹37,612 crore.

The bank's Gross Non-Performing Assets (GNPA) ratio improved to 2.24%, while the Net Non-Performing Assets (NNPA) ratio stood at 0.85% of the Gross Loan Portfolio.

Total deposits increased 22% YoY to ₹35,756 crore, while Current Account Savings Account (CASA) deposits rose 31% YoY. Term deposits grew 19% YoY, and the credit-to-deposit ratio stood at 97%.

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The bank said 73% of its Gross Loan Portfolio is secured, with the secured loan book growing 29% YoY and the unsecured portfolio rising 18% YoY. About 80% of the unsecured book is covered under guarantee programmes.

Jana Small Finance Bank reported a Capital Adequacy Ratio (CRAR) of 20.2%, including a Tier-1 CRAR of 18.3%. The bank also said Tier-1 capital of ₹728 crore has been approved through share warrants under the preferential route, with ₹103 crore received in June 2026, while the TVS Venu Group's proposed 9.99% stake is awaiting Reserve Bank of India (RBI) approval.

The bank said its Special Mention Account (SMA) ratio increased to 3.9% as of June 30, 2026, from 3.5% as of March 31, 2026.

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Slippages during the quarter declined 43% year-on-year and 13% quarter-on-quarter. Net credit cost remained at 0.45%, unchanged from Q4 FY26, which the bank said was its best quarter last year.

The bank's Net Interest Margin (NIM) improved to 7.5% in Q1 FY27 from 6.6% in Q1 FY26. It also said operating expenses (Opex) increased 1.5% quarter-on-quarter as cost rationalisation efforts continued.

Ajay Kanwal, MD and CEO, Jana Small Finance Bank said, "The Q4 FY26 performance trend continues in Q1 FY27. Focus on portfolio quality and flattening costs were the primary focus of the Bank. We are committed and confident of delivering guidance of 20%+ growth in GLP and Liabilities with 80% growth in PAT."

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Shares of Jana Small Finance Bank Ltd ended at ₹491.25, up by ₹1.30, or 0.27%, on the BSE.