From The Economic Times · Atmadip Ray · · 1m
Jana Small Finance Bank Q2 Profit Surges
Jana Small Finance Bank's Q2 profit jumps 127% as it raises FY27 growth outlook.
In brief
Jana Small Finance Bank's Q2 profit jumps 127% as it raises FY27 growth outlook. Jana Small Finance Bank reported a 127% surge in Q2 net profit to Rs 170 crore, revising FY27 profit growth guidance to 100% from 80%. Originally reported by The Economic Times.
Q2 Profit Surge
Jana Small Finance Bank reported a 127% surge in second quarter net profit to Rs 170 crore from Rs 75 crore the previous year.
Revised FY27 Guidance
The bank revised its annual profit growth guidance to 100% from an earlier projection of 80%.
Net Interest Margin
Its net interest margin improved to 7.5% from 6.5% in the year-ago period, with operating profit rising 41% to Rs 374 crore.
Asset Quality
Gross non-performing assets ratio fell to 2.34% from 2.87% a year prior, with net NPA rising above 1.17%.
Loan and Deposit Growth
The bank's gross loan portfolio grew 22% year-on-year to Rs 38,752 crore, with deposits rising 17% to Rs 38,221 crore.
The big picture
Jana Small Finance Bank reported a 127% surge in Q2 net profit to Rs 170 crore, revising FY27 profit growth guidance to 100% from 80%.
