Jana Small Finance Bank crashes 11% on dismal Q2FY25 results

Since its listing on February 14, 2024, Jana Small Finance Bank shares have gained 38.4 percent

Shares of Jana Small Finance Bank crashed 11 percent to Rs 454 per share on October 22 after it reported dismal September quarter results.

In Q2FY25, the company's net profit dropped 21 percent YoY to Rs 96 crore, as compared to Rs 123 crore in the year-ago period. The bank's total expenditure also grew by 21.3 percent YoY to Rs 1,042 crore in Q2FY25 from Rs 859 crore in Q2FY24.

On the operational front, the lender's deposits grew 31 percent YoY in Q2FY25, whereas advances rose 17 percent YoY. Its capital adequacy ratio stood at 18.8 percent and liquidity coverage ratio remained strong at 261 percent.

ALSO READ: Jana SFB introduces FD for short-term liquidity needs, offers 6.75% interest

Jana Small Finance Bank is a small finance bank in India that focuses on providing financial services to underserved and un-banked sections of the population. It aims to cater to low- and middle-income individuals, small businesses, and micro-enterprises. The bank provides personal loans, business loans, and microfinance solutions along with fixed deposits and recurring deposits with attractive interest rates.

Since its listing on February 14, 2024, Jana Small Finance Bank shares have gained 38.4 percent, compared to the Sensex's rise of 13 percent during the same period.

Only 2 brokerages cover Jana SFB stock, wherein both of them have recommended a 'buy' rating.

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