Jana Small Finance Bank's shares experienced a significant decline of 11% to Rs 454 on October 22 due to disappointing Q2FY25 results.
The bank's net profit dropped by 21% year-on-year, falling from Rs 123 crore to Rs 96 crore in the same quarter last year. Additionally, total expenditure increased by 21.3% year-on-year, reaching Rs 1,042 crore.
Despite the decline in profit, the bank's operational metrics showed positive trends, with a 31% year-on-year increase in deposits and a 17% growth in advances. The bank's capital adequacy ratio remained strong at 18.8%, and the liquidity coverage ratio was robust at 261%. Since its listing on February 14, 2024, Jana Small Finance Bank shares have gained 38.4%.