Jana Small Finance Bank reported a sharp decline in profitability for the third quarter, even as core operating income remained on a growth trajectory. The Q3 results highlight pressure on the bottom line, while asset quality indicators stayed largely stable on a sequential basis.
For the quarter under review, Jana SFB’s net profit dropped steeply by 91.2% year-on-year to ₹9.7 crore, compared with ₹110.6 crore in the corresponding quarter last year. The significant fall in profit underscores elevated cost pressures and provisioning impact during the period.
On the operating front, the bank delivered steady growth in interest income. Net Interest Income (NII) rose 13.8% YoY to ₹675 crore, up from ₹593 crore in Q3 of the previous year. The increase in NII indicates resilience in the bank’s core lending operations despite the challenging profitability environment.
Asset quality metrics showed stability on a quarter-on-quarter basis. Gross NPA improved to 2.59% in Q3, compared with 2.87% in the previous quarter, reflecting a marginal reduction in stressed assets. Net NPA remained unchanged at 0.94% QoQ, indicating that net credit risk levels stayed stable during the quarter.
