Jana Small Finance Bank Q4FY26 Results: PAT ₹140 Cr, GNPA 2.33%, GLP Up 23%

Jana Small Finance Bank Limited has announced its audited financial results for the quarter and financial year ended 31st March 2026, reporting strong performance with significant improvements in profitability and asset quality metrics. The bank's Q4 results showcase robust growth momentum and enhanced operational efficiency, as detailed in its investor presentation released on 29th April 2026.

Financial Performance Highlights

The bank delivered impressive financial results with PAT of ₹140 crores for Q4 FY26, demonstrating substantial year-over-year growth across key metrics:

Metric (₹ Crore)	Q4 FY25	Q3 FY26	Q4 FY26	FY25	FY26
Net Interest Income	581	664	736	2,355	2,593
Operating Income	815	909	1,001	3,131	3,616
Profit Before Tax	120	10	140	474	326
Profit After Tax	123	10	140	501	326

Asset Quality and Business Growth

Jana Small Finance Bank demonstrated enhanced asset quality with notable improvements in non-performing assets:

Asset Quality Metric	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	FY26
Gross NPA (%)	2.8%	2.8%	2.5%	2.33%	2.33%
Net NPA (%)	0.9%	0.9%	0.9%	0.87%	0.87%

The bank achieved its highest ever disbursement of ₹7,894 crores in Q4 FY26, representing 16% growth over Q3 FY26. Gross Loan Portfolio stands at ₹36,289 crores, growing 23% year-over-year and 9% quarter-over-quarter, with secured assets at 72.6% of GLP. Total deposits reached ₹35,784 crores, growing 23% year-over-year and 6% quarter-over-quarter.

Key Operational Metrics

Metric	Q4 FY26
Net Interest Margin	7.22%
Cost of Funds	7.46%
Capital Adequacy Ratio	19.4%
Tier-1 CRAR	17.5%
Credit to Deposit Ratio	94.5%
Provision Coverage Ratio	63.10%

Net Interest Margin improved significantly to 7.22% in Q4 FY26 from 6.61% in Q3 FY26, while Cost of Funds declined to 7.46% from 7.71% in Q3. Slippages for Q4 FY26 were 24% lower compared to Q3 FY26, and credit cost reduced from 0.79% in Q3 to 0.47% in Q4. Net credit cost stood at ₹156 crores for Q4 FY26.

Management Commentary

Mr. Ajay Kanwal, MD and CEO of Jana Small Finance Bank, stated: "Q4 FY26 has been a strong and encouraging quarter for the Bank, reflecting the resilience of our business model and the disciplined execution of our strategy. We have delivered both on quantity and quality and see it sustaining into next FY. We remain committed to sustaining the turnaround of Q4 into next FY."

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.57%	+4.28%	+27.74%	+5.66%	-3.92%	+33.33%

Jana Small Finance Bank Limited submitted its security cover certificate for the quarter ended March 31, 2026, to both BSE Limited and National Stock Exchange of India Ltd. on April 29, 2026. The submission was made pursuant to Regulation 54(3) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The disclosure under Regulation 54(1) and (2) was not applicable as the bank has not issued any secured non-convertible debt securities.

The independent auditor's report was issued by Batliboi & Purohit, Chartered Accountants, who serve as the joint statutory auditors of the bank. The report provides limited assurance on whether the book values of assets in Annexure I have been accurately extracted from the audited books of account as at March 31, 2026, and whether the bank is in compliance with all covenants mentioned in the Debenture Trust Deeds as at that date.

Asset and Liability Details

The annexure presents comprehensive details of assets and liabilities as at March 31, 2026. The total assets amounted to ₹47,44,77,269 (in thousands), while total liabilities stood at ₹42,97,75,198 (in thousands). The assets included significant components such as loans and advances at ₹33,82,76,851 (in thousands), investments at ₹9,81,19,956 (in thousands), and cash and balances with Reserve Bank of India at ₹2,49,21,665 (in thousands).

Asset Category	Book Value (₹ in 000's)
Property, Plant and Equipment (including CWIP)	19,86,883
Investments	9,81,19,956
Loans & Advances	33,82,76,851
Cash and balances with Reserve Bank of India	2,49,21,665
Balances with banks and money at call and short notice	6,60,144
Others	1,05,11,770
Total Assets	47,44,77,269

On the liabilities side, the debt securities to which this certificate pertains included rated, unsecured, subordinated, redeemable lower Tier II Bonds in the form of Non-Convertible Debentures, and rated, unsecured, subordinated, listed, transferable, Non-Convertible Debentures, aggregating to ₹32,50,000 (in thousands). Deposits constituted the largest component at ₹35,78,44,891 (in thousands).

Liability Category	Book Value (₹ in 000's)
Debt securities to which this certificate pertains	32,50,000
Bank (SLTRO, MSF, Call Money, Repo)	95,80,000
Others (Refinances & Tri Party Repo)	4,16,37,618
Deposits	35,78,44,891
Other liabilities & Provisions	1,69,62,689
Total Liabilities	42,97,75,198

Auditor's Conclusion

Based on the procedures performed, Batliboi & Purohit concluded that nothing came to their attention that would cause them to believe that the book values of assets contained in Annexure I had not been accurately extracted from the audited books of account of the bank for the year ended and as at March 31, 2026. Additionally, they found no evidence suggesting that the bank had not complied with the covenants stated in the Debenture Trust Deeds in respect of listed non-convertible debt securities outstanding as at March 31, 2026. The bank confirmed that it has complied with all covenants as specified in the Debenture Trust Deeds.