Jana SFB Q1 result: Net profit rises 89% to Rs 171 cr, NII up at Rs 610 cr

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Jana SFB Q1 result: Net profit rises 89% to Rs 171 cr, NII up at Rs 610 cr - Business Standard

Quick Summary:

The core net interest income grew to Rs 610 crore from Rs 462 crore in the year-ago period on the back of a 25 per cent growth in advances and a 0.4 per cent expansion in the net interest margin to 8 per cent.

Its gross non-performing assets ratio increased to 2.62 per cent in June against 2.11 per cent at the end of the preceding March quarter, which was attributed to seasonal and event-driven factors by its managing director and chief executive Ajay Kanwal.

Jana Small Finance Bank on Monday reported an 89 per cent jump in its post-tax net profit to Rs 171 crore for the April-June quarter.