Jana Small Finance Bank reports highest ever FY24 PAT, In Q4 financial results

by Psu Connect
Date: 30-04-24

The Jana Small Finance Bank shares have surged by 20% to Rs 596.60 after the SFB recorded the highest profit in the final quarter year.

Jana Small Finance Bank reports highest ever FY24 PAT, In Q4 financial results

The Board of Directors of Jana Small Finance Bank Limited approved the audited financial results for the fourth quarter and financial year ending March 31, 2024.

Net Interest Income has grown to Rs 2,127 crore in FY24 vs Rs 1,660 crore in FY23, up by 28.1% YoY. • Profit after tax (PAT) stood at ?670 crore in FY24 as compared to ?256 crore in FY23, registering a growth of 162% YoY. PAT for FY24 considers ?155 crore of DTA recognized in Q4-FY24.

The financial statement shared by the Bank board is as-

GNPA improved to 2.0% as of March 31, 2024, as against 3.6% as of March 31, 2023. NNPA improved to 0.5% as of March 31, 2024, as against 2.4% as of March 31, 2023. Total Deposits stand at Rs 22,571 crore, growing by 38% YoY. CASA deposits stand at Rs 4,447 crore, increasing by 35% YoY. CASA ratio stands at 20% as of March 2024. PBT Increased by 101% to Rs 514 crore and PAT Increased by 162% to Rs 670 crore.

ROA and ROE for FY24 stands at 2.4% and 26.9% respectively. ROA & ROE adjusted for DTA are at 1.8% and 20.7% respectively.