Despite the decline in profits, there has been a tremendous rise in the shares of Jana Small Finance Bank. On Wednesday, the company’s shares rose by more than 17 percent to Rs 434.50 on BSE, while their closing price on Tuesday was Rs 366.45. The bank’s net profit declined by 17.8 percent year-on-year to Rs 110.6 crore in the December quarter of the current financial year, compared to Rs 134.6 crore in the same period last year.
Increase in net interest income
Net interest income (NII) of Jana Small Finance Bank increased by 8.1 percent to Rs 593 crore in the December quarter of the current financial year, compared to Rs 548.5 crore in the same quarter last year. The bank’s gross non-performing assets (NPA) stood at 2.80 percent in the December 2024 quarter, which was 2.97 percent in the September quarter. Net NPA reduced to 0.94 percent, which was earlier 0.99 percent. The total deposits of the bank reached Rs 25,865 crore, registering a growth of 24 percent on an annual basis.
Shares fall and then rise
Jana Small Finance Bank shares have fallen by more than 37 percent in the last 6 months. The shares of the company were at Rs 694.90 on 22 July 2024, which has now reached Rs 434.50 on 22 January 2025. Although the shares have fallen by more than 15 percent in the last 3 months, these shares have increased by more than 13 percent in the last one month. The market cap of Jana Small Finance Bank has now crossed Rs 4515 crore.
