Jana Small Finance Bank earnings calls.

Jana Small Finance Bank delivered a strong Q1 FY27 with PAT of 155 croresCurrent reported value: 155 crores. No comparable prior figure is available in the source record., representing a solid rebound from the MFI stress period. NIM expanded to 7.5%Current reported value: 7.5%. No comparable prior figure is available in the source record., driven by 50bps YoY decline in cost of funds and reduced slippage in unsecured. Credit cost held steady at 0.45%Current 0.45%. Reported change: Flat QoQ. (flat to Q4), defying typical Q1 seasonality—a key confidence indicator. Asset quality improved with gross NPA at 2.24% and net NPA at 0.5% on gross loan book. The secured portfolio now comprises ~73% of total loans and is 79.8% covered under the guarantee program, with 196 crores of the 214 crore net NPA protected. Management guided for 19-21% loan growth, 20-25% deposit growth, and PAT of 80%+ for FY27. Upcoming launches include credit line on UPI (this quarter) and loans against shares. Risk: Microfinance segment (27% of book) remains exposed to monsoon/geopolitical vagaries, and the MFI book transition to direct sourcing is still in progress.