Jana Small Finance Bank Limited reported a 52 percent year-on-year rise in profit after tax to ₹155 crore for the quarter ended June 30, 2026, as the Board of Directors approved the audited financial results at its meeting held on July 15.
The bank’s gross loan portfolio grew 26 percent year-on-year and 4 percent quarter-on-quarter to ₹37,612 crore, with secured assets now forming 73 percent of the book, up 29 percent year-on-year, while unsecured assets rose 18 percent year-on-year.
Total deposits stood at ₹35,756 crore, up 22 percent year-on-year, with CASA growing 31 percent year-on-year and 7 percent quarter-on-quarter, and term deposits rising 19 percent year-on-year. The credit to deposit ratio stood at 97 percent.
The bank’s capital adequacy ratio stood at 20.2 percent, with Tier-1 CRAR at 18.3 percent. Tier-1 capital of ₹728 crore was approved via share warrants under the preferential route, with ₹103 crore received in June 2026, while the TVS Venu Group awaits Reserve Bank of India approval for a 9.99 percent stake in the bank. Gross NPA stood at 2.24 percent and net NPA at 0.85 percent.
Overall SMA increased to 3.9 percent as of June 30, 2026, compared with 3.5 percent as of March 31, 2026. Slippages for the quarter were lower by 43 percent compared with the same quarter last year and 13 percent lower sequentially. Net credit cost stood at 0.45 percent, matching the best quarter of the previous financial year. Net interest margin improved to 7.5 percent in Q1 FY27 from 6.6 percent in Q1 FY26, while cost rationalisation kept operating expense growth nominal at 1.5 percent quarter-on-quarter.
On the profit and loss statement, interest income rose to ₹1,515 crore in Q1 FY27 from ₹1,241 crore in Q1 FY26 and ₹1,445 crore in Q4 FY26. Interest expense stood at ₹732 crore, up from ₹655 crore a year earlier. Net interest income rose to ₹782 crore from ₹586 crore in the year-ago quarter and ₹736 crore in the preceding quarter.
Other income stood at ₹227 crore, compared with ₹266 crore in both Q1 FY26 and Q4 FY26. Operating income rose to ₹1,009 crore from ₹852 crore a year earlier, while operating expenses increased to ₹676 crore from ₹563 crore. Operating margin stood at ₹333 crore, compared with ₹289 crore in Q1 FY26 and ₹335 crore in Q4 FY26. Provisions and contingencies declined to ₹178 crore from ₹187 crore a year earlier, taking profit before tax to ₹155 crore, against which no tax was recorded, leaving profit after tax unchanged at ₹155 crore.
On the balance sheet, total capital and liabilities stood at ₹46,812 crore as of June 30, 2026, compared with ₹47,448 crore as of March 31, 2026, and ₹39,359 crore as of June 30, 2025. Capital remained steady at ₹105 crore, while reserves and surplus rose to ₹4,627 crore from ₹4,126 crore a year earlier. Deposits stood at ₹35,756 crore, marginally lower than ₹35,784 crore as of March 31, 2026, but up from ₹29,426 crore a year earlier. Borrowings declined to ₹4,659 crore from ₹5,497 crore as of March 31, 2026. On the assets side, cash and balances with the Reserve Bank of India stood at ₹1,555 crore, while balances with banks rose sharply to ₹1,179 crore from ₹66 crore as of March 31, 2026. Investments stood at ₹8,298 crore and advances rose to ₹34,699 crore from ₹33,828 crore as of March 31, 2026, and ₹27,825 crore a year earlier. Fixed assets stood at ₹206 crore and other assets at ₹875 crore.
Commenting on the performance, 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.”
Among key ratios, CASA to total deposit improved to 19.2 percent in Q1 FY27 from 17.9 percent in Q4 FY26 and 17.8 percent in Q1 FY26. Cost to income ratio rose slightly to 67.0 percent from 66.6 percent in Q4 FY26. Return on average assets improved to 1.4 percent from 1.3 percent in the preceding quarter and return on average equity rose to 13.6 percent from 12.8 percent. Gross NPA improved to 2.2 percent from 2.3 percent in Q4 FY26 and 2.8 percent in Q1 FY26, while net NPA improved to 0.8 percent from 0.9 percent in both comparative quarters.
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