Jana Small Finance Bank Q2 profit jumps 127%, raises FY27 growth outlook
AgenciesJana Small Finance Bank boosts quarterly profit, improves net interest margin and raises annual growth guidance as its loan portfolio and deposits expand steadily.
The first half net profit stood at Rs 326 crore while it earned the exact same amount in FY26 prompting Jana to revise annual profit growth guidance upwards to 100% against an earlier projection of 80%.
Its net interest margin for the quarter improved to 7.5% from 6.5% in the year-ago period.
Operating profit stood at Rs 374 crore against Rs 266 crore, representing a 41% jump.
Its asset quality improved with gross-non performing assets ratio falling to 2.34% at the end of September from 2.87% a year prior. Net NPA rose above 1.17% against 0.94%.
The bank's gross loan portfolio grew 22% year-on-year to Rs 38,752 crore with about three-fourth of it being secured. Its deposits rose 17% year-on-year to Rs 38,221 crore.