Jana Small Finance Bank reports Q1 PAT FY25 increased by 89% to ₹171 crore y-o-y;

Dvara Money and Jana Small Finance Bank Partner to facilitate Digital Banking in Bharat with Spark Money

Bengaluru, July 22nd, 2024: The Board of Directors of Jana Small Finance Bank Limited at its meeting today, approved the unaudited financial results for the first quarter ending June 30, 2024.

Key Highlights for Q1 FY25

Loan AUM stands at ₹25,759 crore, growing by 25% y-o-y
- Advances growth of 25% y-o-y and 4% q-o-q
- Secured q-o-q growth 8%; Unsecured q-o-q growth (1%)
- Now secured book at 62% vs 60% in Mar-24
Total Deposits₹23,710 crore
- Deposits growth of 41% y-o-y and 5% q-o-q
- CASA deposits stand at ₹4,846 crore, increasing by 47% y-o-y and 9% q-o-q
- TD growth of 40% y-o-y, 4% q-o-q
- CASA ratio stands at 20.4% as at June-24 increased from 19.7% in March-2024
Capital Adequacy at 19.3% with Tier-1 CRAR of 18.2%. Strong liquidity with LCR of 296%
Considering interim profit for Q1 FY25, CRAR is 20.2% and Tier-1 CRAR is 19.1%
Profit after tax (PAT) stood at ₹171 crore in Q1 FY25 as compared to ₹90 crore in Q1 FY24 registering a growth of 89% y-o-y
Cost Income ratio at 55.5%, ROA at 2.1% and ROE at 18.8%
GNPA at 2.5% slight increase is event driven and seasonal
PAT of Rs. 171 crores after creating for an additional buffer provision of Rs. 54 crores and adding DTA of Rs 10 crores

Commenting on the performance, Mr. Ajay Kanwal, MD and CEO, Jana Small Finance Bank said: “Jana Small Finance Bank (Jana SFB) delivered a solid quarter growing secured assets and deposits with focus on CASA. We have small rise in GNPA which we believe is seasonal and event driven, this will nevertheless get our full attention in the following quarters. We continue to serve aspirational India across 24 states with aim of becoming an anchor Bank to our customers”

Highlights for the quarter ended Jun 30, 2024:

Particulars (in ₹ Crore)	For Quarter ended
Particulars (in ₹ Crore)	Q1 FY25	Q1 FY24
Net Interest Income	610	462
Non-Interest Income	189	188
Total Income	799	650
Opex	443	377
Operating Profit	356	273
Provision (Other than Taxes)	196	183
PBT	160	90
Tax Expense (Credits)	(10)	0
PAT	171	90

Key Ratios Highlights:

Particulars	For Quarter ended
Particulars	Q1 FY25	Q1 FY24
CASA to Total Deposit	20.4%	19.6%
Net Interest Margin (Annualised)	8.0%	7.6%
Cost to Income Ratio	55.5%	58.0%
Return on Average Assets (Annualised)	2.1%	1.4%
Return on Average Equity (Annualised)	18.8%	18.3%
Capital Adequacy Ratio (CAR)	19.3%	18.7%
Gross NPA (%)*	2.5%	2.7%
Net NPA (%)*	0.95%	1.09%

^*Advance for the purpose of GNPA/NNPA calculation includes Securitization book

Press Release

Jana Small Finance Bank reports Q1 PAT FY25 increased by 89% to ₹171 crore y-o-y;

CASA growth of 47% y-o-y (9% growth q-o-q);

Secured asset growth of 34% y-o-y (8% growth q-o-q);

ROE of 18.8% and ROA of 2.1%

Jana Small Finance Bank Limited