Jana Small Finance Bank Ltd posts net profit of Rs. 134.64 crores

Jana Small Finance Bank Limited has reported Standalone financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 1177.5402 crores during the period ended December 31, 2023 as compared to Rs. 1142.5779 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 134.6442 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 122.8535 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 14.84 for the period ended December 31, 2023 as compared to Rs. 15.24 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 1177.5402 crs	₹1142.5779 crs	3.06%
Net Profit	₹134.6442 crs	₹122.8535 crs	9.60%
EPS	₹14.84	₹15.24	-2.62%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 1177.5402 crores during the period ended December 31, 2023 as compared to Rs.978.9033 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.134.6442 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.119.3410 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.14.84 for the period ended December 31, 2023 as compared to Rs.20.58 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 1177.5402 crs	₹978.9033 crs	20.29%
Net Profit	₹134.6442 crs	₹119.3410 crs	12.82%
EPS	₹14.84	₹20.58	-27.89%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.3393.1083 crores during the 9 Months period ended December 31, 2023 as compared to Rs.2690.0920 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.347.8626 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.174.9755 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.41.23 for the 9 Months period ended December 31, 2023 as compared to Rs.29.45 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹3393.1083 crs	₹2690.0920 crs	26.13%
Net Profit	₹347.8626 crs	₹174.9755 crs	98.81%
EPS	₹41.23	₹29.45	40.00%

Asset Quality:

Asset Quality	Q3 FY2024	Q2 FY2024	Q3 FY2023
Gross NPA	₹487.2072 crs	₹521.3131 crs	₹1060.5471 crs
Gross NPA %	2.19%	2.44%	6.38%
Net NPA	₹156.4147 crs	₹182.8936 crs	₹584.9344 crs
Net NPA %	0.71%	0.87%	3.62%

Gross NPA was at ₹ 487.2072 crs in Q3 FY2024 against ₹ 1060.5471 crs in Q3 FY2023. The same was at ₹ 521.3131 crs in Q2 FY2024.

Net NPA was at ₹ 156.4147 crs in Q3 FY2024 against ₹ 584.9344 crs in Q3 FY2023. The same was at ₹ 182.8936 crs in Q2 FY2024.

GNPA was at 2.19% of Gross advances as on December 31, 2023 as compared to 6.38% as on December 31, 2022 and 2.44% as of September 30, 2023.

Net NPA was at 0.71% of Gross advances as on December 31, 2023 as compared to 3.62% as on December 31, 2022 and 0.87% as of September 30, 2023.

Ratios	Q3 FY2024	Q2 FY2024	Q3 FY2023
RoA %	1.84%	1.79%	2.04%
CAR (BASEL III) %	16.27%	17.50%	15.83%

Return on Average Assets (RoA) is at 1.84% for Q3 FY2024 against 1.79% in Q2 FY2024 and 2.04% in Q3 FY2023.

In Q3 FY2024, Bank's total Capital Adequacy Ratio (CAR) was at 16.27%, as compared to 17.50% in Q2 FY2024 and 15.83% in Q3 FY2023.

Shares of Jana Small Finance Bank Limited was last trading in BSE at Rs. 463.10 as compared to the previous close of Rs. 446.60. The total number of shares traded during the day was 373991 in over 13718 trades.

The stock hit an intraday high of Rs. 481.80 and intraday low of 442.45. The net turnover during the day was Rs. 172443869.00.

Source : Equity Bulls

Keywords

JanaSmallFinanceBank Q3FY24 9MFY24 ResultUpdate