Stock Report

Jana Small Finance Bank Ltd Q4 FY2023-24 net profit soars to Rs. 321.67 crores

Posted On : 2024-04-29 20:49:11( TIMEZONE : IST )

Jana Small Finance Bank Limited has reported Standalone financial results for the period ended March 31, 2024.

Financial Results (Q4 FY2024) - QoQ Comparison

The company has reported total income of Rs. 1290.9480 crores during the period ended March 31, 2024 as compared to Rs. 1177.5402 crores during the period ended December 31, 2023.

The company has posted net profit / (loss) of Rs. 321.6777 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs. 134.6442 crores for the period ended December 31, 2023.

The company has reported EPS of Rs. 34.50 for the period ended March 31, 2024 as compared to Rs. 14.84 for the period ended December 31, 2023.

Financials	Q4 FY2024	Q3 FY2024	% Change
Total Income	₹ 1290.9480 crs	₹1177.5402 crs	9.63%
Net Profit	₹321.6777 crs	₹134.6442 crs	138.91%
EPS	₹34.50	₹14.84	132.48%

Financial Results (Q4 FY2024) - YoY Comparison

The company has reported total income of Rs. 1290.9480 crores during the period ended March 31, 2024 as compared to Rs.1009.7831 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs.321.6777 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs.80.9959 crores for the period ended March 31, 2023.

The company has reported EPS of Rs.34.50 for the period ended March 31, 2024 as compared to Rs.13.10 for the period ended March 31, 2023.

Financials	Q4 FY2024	Q4 FY2023	% Change
Total Income	₹ 1290.9480 crs	₹1009.7831 crs	27.84%
Net Profit	₹321.6777 crs	₹80.9959 crs	297.15%
EPS	₹34.50	₹13.10	163.36%

Financial Results (Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.4684.0563 crores during the Financial Year ended March 31, 2024 as compared to Rs.3699.8750 crores during the Financial Year ended March 31, 2023.

The company has posted net profit / (loss) of Rs.669.5403 crores for the Financial Year ended March 31, 2024 as against net profit / (loss) of Rs.255.9713 crores for the Financial Year ended March 31, 2023.

The company has reported EPS of Rs.90.72 for the Financial Year ended March 31, 2024 as compared to Rs.42.64 for the Financial Year ended March 31, 2023.

Financials	Year Ended FY2024	Year Ended FY2023	% Change
Total Income	₹4684.0563 crs	₹3699.8750 crs	26.60%
Net Profit	₹669.5403 crs	₹255.9713 crs	161.57%
EPS	₹90.72	₹42.64	112.76%

Asset Quality:

Asset Quality	Q4 FY2024	Q3 FY2024	Q4 FY2023
Gross NPA	₹494.3284 crs	₹487.2072 crs	₹709.1863 crs
Gross NPA %	2.11%	2.19%	3.94%
Net NPA	₹130.0179 crs	₹156.4147 crs	₹467.9973 crs
Net NPA %	0.56%	0.71%	2.64%

Gross NPA was at ₹ 494.3284 crs in Q4 FY2024 against ₹ 709.1863 crs in Q4 FY2023. The same was at ₹ 487.2072 crs in Q3 FY2024.

Net NPA was at ₹ 130.0179 crs in Q4 FY2024 against ₹ 467.9973 crs in Q4 FY2023. The same was at ₹ 156.4147 crs in Q3 FY2024.

GNPA was at 2.11% of Gross advances as on March 31, 2024 as compared to 3.94% as on March 31, 2023 and 2.19% as of December 31, 2023.

Net NPA was at 0.56% of Gross advances as on March 31, 2024 as compared to 2.64% as on March 31, 2023 and 0.71% as of December 31, 2023.

Ratios	Q4 FY2024	Q3 FY2024	Q4 FY2023
RoA %	2.37%	1.84%	1.13%
CAR (BASEL III) %	20.31%	16.27%	15.57%

Return on Average Assets (RoA) is at 2.37% for Q4 FY2024 against 1.84% in Q3 FY2024 and 1.13% in Q4 FY2023.

In Q4 FY2024, Bank's total Capital Adequacy Ratio (CAR) was at 20.31%, as compared to 16.27% in Q3 FY2024 and 15.57% in Q4 FY2023.

Shares of Jana Small Finance Bank Limited was last trading in BSE at Rs. 507.50 as compared to the previous close of Rs. 487.65. The total number of shares traded during the day was 43205 in over 2415 trades.

The stock hit an intraday high of Rs. 512.40 and intraday low of 491.05. The net turnover during the day was Rs. 21817841.00.