Jana Small Finance Bank has announced its financial results for the second quarter (Q2) ending September 30, 2024. The bank reported a solid growth in its net profit and interest earned figures, showcasing consistent performance compared to both the previous quarter and the same period last year.
Key Highlights:
Interest Earned:
- Q2 FY25: ₹1,166.05 crore
- Q1 FY25: ₹1,160.56 crore
- Q2 FY24: ₹979.02 crore
Jana Small Finance Bank saw a 0.47% quarter-on-quarter (QoQ) increase in interest earned, rising from ₹1,160.56 crore in Q1 FY25 to ₹1,166.05 crore in Q2 FY25. On a year-on-year (YoY) basis, interest earned jumped by 19.09%, up from ₹979.02 crore in Q2 FY24 to ₹1,166.05 crore in Q2 FY25.
Net Profit:
- Q2 FY25: ₹96.71 crore
- Q1 FY25: ₹170.56 crore
- Q2 FY24: ₹122.85 crore
The bank recorded a net profit of ₹96.71 crore in Q2 FY25, reflecting a 43.30% decline quarter-on-quarter (QoQ) compared to ₹170.56 crore in the previous quarter. Year-on-year (YoY), the net profit decreased by 21.26%, down from ₹122.85 crore in Q2 FY24 to ₹96.71 crore in Q2 FY25.
