Jana Small Finance Bank saw its shares slip over 6% following the announcement of its Q2 results. As of 10:01 AM, the shares were trading 6.46% lower at Rs 421.40.
The bank reported a 22.5% decline in net profit, which came in at ₹74.9 crore compared to ₹96.7 crore in the same quarter last year. On the asset quality front, the bank maintained stability with a net NPA of 0.94% (QoQ), while gross NPA slightly improved to 2.87% from 2.91% in the previous quarter.
The bank’s net interest income (NII) rose 4.2% to ₹618 crore from ₹594 crore, reflecting steady growth in core operations. However, operating profit slipped 6.6% to ₹279 crore versus ₹299 crore, indicating pressure on the bank’s overall operational efficiency. Provisions for the quarter reduced marginally by 3% to ₹204 crore from ₹210 crore.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
