This document is an Investor Presentation for Q1 FY27 (quarter ended 30th June 2026) submitted by Jana Small Finance Bank Limited to the BSE and NSE under SEBI Listing Regulations (Ref: Regulations 30).

Financial Performance Highlights

  • Profitability: Q1 FY27 Profit After Tax (PAT) stood at Rs. 155 crores, which is 52% higher YoY compared to Q1 FY26 PAT of Rs. 102 crores. Profit Before Tax (PBT) was Rs. 155 crores.
  • Revenue: Total Revenue for Q1 FY27 was Rs. 1,741 crores, representing a 16% growth YoY and a 2% growth QoQ. Net Interest Income (NII) was not explicitly stated for Q1 FY27 but NIM improved.
  • Net Interest Margin (NIM): NIM improved to 7.5% in Q1 FY27 from 6.6% in Q1 FY26.
  • Cost of Funds (CoF): CoF reduced to 7.4% in Q1 FY27 from 7.97% in Q1 FY26.
  • Pre-Provisioning Operating Profit (PPOP): PPOP for Q1 FY27 was Rs. 333 crores, compared to Rs. 298 crores in Q1 FY26.
  • Return Ratios: Annualized Return on Assets (RoA) was 1.4% and Return on Equity (RoE) was 13.6% for Q1 FY27.
  • Credit Cost: Net credit cost was reported at 0.45% for the quarter.
  • Other Income Breakdown (Q1 FY27):
  • Processing Fee: Rs. 83 crs
  • Insurance commission: Rs. 28 crs (lower due to change in program)
  • Liability Fee Income: Rs. 24 crs
  • Asset Fee Income: Rs. 53 crs
  • Profit on sale of investments: Rs. 7 crs
  • PSLC Income: Rs. 19 crs

Balance Sheet & Business Growth

  • Advances: Total advances stood at Rs. 37,612 crores as of June 30, 2026, a growth of 25.7% YoY and 4% QoQ. This includes an Inter Bank Participation Certificate (IBPC) & Securitization Book.
  • Secured Advances: Grew 29% YoY to Rs. 27,371 crores, constituting 72.8% of the total book.
  • Gold Loans: Growth of 112.5% YoY to Rs. 2,678 crores.
  • Vehicle Loans: Growth of 78.1% YoY to Rs. 2,026 crores.
  • MSME Loans: Growth of 27.4% YoY to Rs. 5,386 crores.
  • Affordable Housing: Growth of 29.1% YoY to Rs. 8,436 crores.
  • Micro LAP: Growth slowed to 4.6% YoY to Rs. 6,196 crores.
  • Unsecured Advances: Grew 17.9% YoY to Rs. 10,240 crores.
  • Approximately 80% of the unsecured book is covered under a guarantee program. The Bank expects to claim Rs. 65 crores from this program by Q3 FY27.
  • Deposits: Total deposits were Rs. 35,756 crores, a growth of 21.5% YoY.
  • CASA: Grew 31.3% YoY to Rs. 6,871 crores. The CASA ratio was 19%.
  • Term Deposits: Stood at Rs. 28,885 crores.
  • Retail Deposits: Constituted 64.9% of total deposits. 96.6% of retail deposits have a tenor of 1 year and above.
  • Credit-to-Deposit Ratio (CD Ratio): Was 97.0%. After adjusting for refinance availed from NABARD, SIDBI, and NHB, the CD ratio was 85.1%.
  • Liquidity Coverage Ratio (LCR): Was 153% as of June 30, 2026.
  • Borrowings: Total borrowings were Rs. 4,659 crores, which includes:
  • Refinance: Rs. 4,262 crores
  • Tier-2 capital: Rs. 375 crores
  • Others (incl. call): Rs. 22 crores

The Bank raised fresh borrowings of ~Rs. 300 crores from Financial Institutions during the quarter.

  • Capital Adequacy: Capital to Risk-weighted Assets Ratio (CRAR) was 20.2%.
  • Book Value Per Share (BVPS): Was Rs. 449.

Asset Quality

  • Gross NPA (GNPA): Moderated to 2.24% (Rs. 841 crores) from 2.76% in Q1 FY26 and 2.33% in Q4 FY26.
  • Net NPA (NNPA): Stood at 0.85% from 0.89% in Q1 FY26.
  • Provision Coverage Ratio (PCR): Was 62.64%.
  • Slippages: For Q1 FY27 were 43% lower YoY and 13% lower QoQ. Additions to GNPA during Q1 FY27 were Rs. 291 crores.
  • SMA: Overall SMA increased marginally QoQ, which is stated to be seasonal.

Capital Raising

  • The Bank's board approved a Tier-1 capital raise of Rs. 728 crores via Share Warrants under the Preferential route.
  • An amount of Rs. 103 crores was received in June 2026 towards this.
  • TVS Venu Group is awaiting RBI approval for a 9.99% stake in the Bank.

Promoter Situation (Jana Housing Limited & Jana Care Limited)

  • JHL and JCL, the current promoters, have a technical default on an NCD payment as they extended the tenor by 6 months to facilitate a stake sale.
  • JHL holds a 16.9% stake in the Bank, down from a peak of 44%. JHL and JCL will apply for de-promoterisation to SEBI and RBI post reduction of their stake to less than 9.99%.
  • JHL has not contributed any capital to the Bank since June 2022 and has no board representation.
  • The Bank states there is no cross-default linkage between its debt and JHL/JCL debt.
  • Consequently, India Ratings placed the Bank under "watch"; however, CARE Ratings retained the Bank's rating with no action. The Bank states it is Business As Usual (BAU).

Other Operational Highlights

  • Branch Expansion: For FY27, the plan is to open 8 new branches, split 30 branches, and relocate 40 branches. In Q1, 1 new branch was opened and 6 branches were split.
  • Collection Efficiency: For the unsecured book, collection efficiency improved to pre-stress levels, with over 99% B0 collection efficiency for the last 4 months.
  • Digital Initiatives: The Bank is focusing on AI and RPA-led automation. It commenced ASBA in Q2 FY26, with Rs. 947 crores blocked under ASBA in Q1 FY27.
  • Awards: The Bank received an award for "Excellence in Customer Engagement Transformation in Banking" at the BFSI Tech Summit & Awards 2026 in April 2026 and was acknowledged by the Chief Minister of Haryana for its CSR initiatives in May 2026.

Management & Board

  • The presentation lists an experienced board and management team with backgrounds in major financial institutions. Key personnel include MD & CEO Ajay Kanwal and Company Secretary & Compliance Officer Lakshmi R. N, who signed the submission letter.