Jana Small Finance Bank reports H1 PAT FY25 increased by 25% to ₹267 crore
y-o-y; CASA growth of 28% y-o-y (12% growth for H1’24);
Secured asset growth of 29% y-o-y (16% growth for H1’24);
Unsecured asset growth of 1% y-o-y (de-growth of 7% for H1’24)
GNPA at 2.86%; NNPA at 0.95% and PCR at 67.3%
Bengaluru: The Board of Directors of Jana Small Finance Bank Limited at its meeting, approved the unaudited financial results for the quarter and half year ending September 30, 2024.
Key Highlights for H1 FY25
• Loan AUM stands at ₹26,411 crore, growing by 17% y-o-y with 65% assets secured. o Secured growth 16% for H1 and Unsecured de-growth of H1 is 7%
• Total Depositsstands at ₹24,808 crore
o Deposits growth of 31% y-o-y and 10% in H1
o CASA deposits stand at ₹4,977 crore, increasing by 28% y-o-y and 12% in H1 o TD growth of 32% y-o-y, 10% in H1
o CASA ratio stands at 20.1% as at September-24 increased from 19.7% in March-2024 • Capital Adequacy at 18.8% with Tier-1 CRAR of 17.8%. Strong liquidity with LCR of 261% • Considering interim profit for H1 FY25, CRAR is 20.3% and Tier-1 CRAR is 19.3% • Profit after tax (PAT) stood at ₹267 crore in H1 FY25 as compared to ₹213 crore in H1 FY24 registering a growth of 25% y-o-y
• Cost Income ratio at 58.3%, ROA at 1.6% and ROE at 14.5%
• GNPA at 2.86% led by MFI stress; NNPA at 0.95% and PCR at 67.3%
• PAT of Rs. 267 crores after creating for an additional buffer provision of Rs. 115 crores and adding DTA of Rs 19 crores
Commenting on the performance, 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 seen elevated delinquency in the MFI business which has resulted in higher GNPA and degrowth in MFI business. We continue to serve
aspirational India across 24 states with aim of becoming an anchor Bank to our customers”
Highlights for the half year ended Sep 30, 2024:
| Particulars (in ₹ Crore) | For Half year ended | |
| H1 FY25 | H1 FY24 | |
| Net Interest Income | 1,204 | 988 |
| Non-Interest Income | 365 | 352 |
| Total Income | 1,568 | 1,339 |
| Opex | 914 | 783 |
| Operating Profit | 654 | 556 |
| Provision (Regulatory) | 291 | 343 |
| Provision (Additional) | 115 | – |
| PBT | 249 | 213 |
| Tax Expense (Credits) | (19) | – |
| PAT | 267 | 213 |
Key Ratios Highlights:
| Particulars | For Half year ended | |
| H1 FY25 | H1 FY24 | |
| CASA to Total Deposit (%) | 20.1% | 20.5% |
| Net Interest Margin (Annualised) | 7.8% | 7.9% |
| Cost to Income Ratio | 58.3% | 58.5% |
| Return on Average Assets (Annualised) | 1.6% | 1.6% |
| Return on Average Equity (Annualised) | 14.5% | 19.5% |
| Capital Adequacy Ratio (CAR) | 18.8% | 17.5% |
| Gross NPA (%)* | 2.86% | 2.31% |
| Net NPA (%)* | 0.95% | 0.82% |
*Advances for the purpose of GNPA/NNPA calculation includes Securitization book
