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Informist, Friday, Feb. 6, 2026

 

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--Jana Small Fin Bank Oct-Dec PAT INR 96.94 mln 
--Jana Small Fin Bank Oct-Dec total income INR 16.29 bln 
--Jana Small Fin Bk Q3 total income INR 16.29 bln vs INR 13.55 bln yr ago 
--Jana Small Fin Bank Q3 PAT INR 96.94 mln vs INR 1.11 bln year ago 
--Jana Small Fin Bk Oct-Dec provisions INR 2.77 bln vs INR 1.74 bln 
--Jana Small Fin Bk Apr-Dec PAT INR 1.87 bln vs INR 3.78 bln yr ago 
--Jana Small Fin Bk Apr-Dec total income INR 46.97 bln vs INR 40.52 bln 
--Jana Small Fin Bank net NPA ratio 0.94% on Dec 31 unch from qtr ago 
--Jana Small Fin Bk gross NPA ratio 2.59% on Dec 31 vs 2.87% qtr ago 
--Jana Small Fin Bk Basel II capital adequacy ratio 19.17% on Dec 31 

 

By Taniva Singha Roy

 

MUMBAI – Jana Small Finance Bank Ltd.'s net profit for the December quarter nosedived due to a surge in provisions. The lender's net profit fell nearly 91% on year to INR 96.94 million in Oct-Dec. Sequentially, the net profit was down 87%. This was sharply lower than analysts' estimate of INR 845 million net profit. 

 

The bank's provisions and contigencies rose over 59% on year to INR 2.77 billion in the December quarter. The ratio of gross non performing assets to gross advances fell to 2.59% from 2.87% a quarter ago, and the net non-performing asset ratio was steady from the trailing quarter at 0.94%. 

 

A surge in expenses also weighed on the bank's bottom line. The bank's operating expenses grew nearly 29% on year to INR 6.33 billion in the December quarter. Of this, employee costs increased over 19% on year to INR 3.70 billion and other operating expenses were up over 45% at INR 2.63 billion. Interest expenditure rose over 21% to INR 7.09 billion, further adding to its total expenses.

 

The bank reported an operating profit before provisions and contigencies of INR 2.87 billion, up 2.7% on year. The Basel-II capital adequacy ratio was 19.17% as on Dec. 31.  

 

Total income of the bank rose over 20% on year to INR 16.29 billion in the December quarter. Interest earned rose almost 17.5% on year to INR 13.84 billion. Other income was up almost 38% on year at INR 2.45 billion.

The bank's net interest income grew on year to INR 6.75 billion in the December quarter from INR 5.93 billion a year ago. However, the lender underperformed ICICI Securities' expectations as they had expected the net interest income to rise to INR 6.79 billion. Net interest margin was at 6.7%, up from 6.6% a quarter ago.

 

"While net interest margins will remain unaffected, the guarantee fee will have a marginal impact on Opex (operating expenses)," the lender said in its investor presentation.

 

Jana Small Finance Bank reported a net profit of INR 1.87 billion during Apr-Dec. During the same period, the lender's total income was INR 46.97 billion, up from INR 40.52 billion a year ago.  

 

The bank's unsecured advances grew 4.1% on quarter to INR 90.73 billion. Secured advances grew over 27% on year and 6% sequentially to INR 242.50 billion. Secured growth was led by affordable housing, gold and vehicle loans, it said.

 

On Friday, shares of Jana Small Finance Bank ended nearly 2% higher at INR 352.20 on the National Stock Exchange. The bank announced its Oct-Dec earnings post marker hours.  End

 

Edited by Tanima Banerjee

 

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