Jana earnings more than doubled in the quarter ended September 2026, prompting Jana Small Finance Bank to raise its full-year profit growth outlook. Net profit reached Rs 170 crore, up 127% from Rs 75 crore a year earlier, as business expanded and net interest margin widened.
Key Takeaways
- The bank raised FY27 annual profit growth guidance to 100% from 80%.
- Quarterly net interest margin widened to 7.5% from 6.5% a year earlier.
- Gross bad loans declined as a share of lending, but the net bad-loan ratio increased.
Table of Contents
- Jana earnings lift the full-year profit target
- Wider margins accompany business expansion
- Bad-loan measures move in opposite directions
- Conclusion
Jana earnings lift the full-year profit target
First-half net profit reached Rs 326 crore, matching the bank’s profit for the whole of FY26. That performance prompted the increase in annual profit growth guidance for FY27, the financial year ending March 2027.
The revised 100% growth outlook is a management target, not a completed result. It replaces the earlier expectation of 80% annual profit growth.
Jana’s Q2 FY27 investor-materials listing includes an Investors & Analysts Presentation dated October 23, 2026, alongside an audio recording of the investor meeting. The listing identifies the relevant reporting materials but does not itself provide the financial figures.
| Item | Details |
|---|---|
| Gross loan portfolio | Rs 38,752 crore at September 2026. |
| Deposits | Rs 38,221 crore at September 2026. |
| Secured lending share | Approximately three-quarters of the gross loan portfolio. |
Wider margins accompany business expansion
Operating profit increased 41% year over year to Rs 374 crore from Rs 266 crore. Net interest margin rose by one percentage point to 7.5%, showing improved lending profitability alongside the expansion in business.
The gross loan portfolio grew faster than deposits, at 22% versus 17% year over year. About three-quarters of the loan portfolio was secured.
Bad-loan measures move in opposite directions
The gross nonperforming asset ratio fell to 2.34% at the end of September 2026 from 2.87% a year earlier, a decline of 0.53 percentage points.
The net NPA ratio, however, rose to above 1.17% from 0.94%. The two measures therefore give a mixed picture: the improvement in the gross ratio did not extend to the net measure.
Conclusion
The second-half results will show whether Jana earnings remain on course for the revised FY27 profit growth target. The net NPA ratio also warrants attention alongside the stronger margin and lower gross bad-loan ratio.
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