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Jana Small Finance Bank Q2 FY27 Share Price & Earnings Call Analysis

₹394.20+4.08% today
Market cap
₹4,172 Cr
P/E
10.98
ROE
7.60%
PEG
1.30
Price to sales
0.73
Debt to equity
9.23
52W high / low
₹585 / ₹342
Sales growth (5Y)
16.47%
EBITDA margin
39.59%
Net profit margin
6.10%
Promoter holding
16.87%
Sales (last year)
₹5,637 Cr

Incorporated in 2006, Jana Small Finance Bank Ltd provides a wide range of banking and financial services[1]

Guidance scorecard · Q2 FY27 call

What Jana Small Finan's management guided
and where it ranks in Banks

#8of 28 in
Banks
Revenue20–40%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

20–40%
  • Jana Small Finance Bank projects gross loan growth of 19% to 21% for FY27.
  • Deposit growth guidance is set at 23% to 25% for the year, with a focus on CASA and retail deposits.
  • CASA ratio is targeted to reach around 20% by end of FY27; 7% quarter-on-quarter growth in CASA is not sustainable every quarter but growth will outpace term deposits.
  • Growth drivers include affordable housing, gold loans, vehicle loans, and MSME, with MSME expected to accelerate in Q2.
  • Micro LAP, after a Q1 dip due to direct sourcing adjustments, expected to return to growth in Q2.
  • Used car financing is expanding, with monthly disbursements around INR 45 crore and plans to consolidate in 50 cities before expanding further.

2 more points from Jana Small Finan's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Jana Small Finan said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • The bank has made large investments in the last 2 years and is committed to slow cost growth going forward.
  • Plans to open 78 branches in the current year: 8 new branches, 30 branch splits for better management, and 40 relocations to better locations; with minimal additional people cost.
  • Fast-tracking Nostro account setup and planning to offer trade FX products, possibly including FCNR(B) deposits if ready by August or September.
Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Jana Small Finan said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Jana Small Finan said on the order book →

Full Q1 FY27 analysis
Full Banks ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Banks
on management's own guidance

  1. AU Small FinanceGood growth
    2
  2. Canara BankGood growth
    1
  3. IDFC First BankGood growth
    3
See all potential multibaggersWhere does Jana Small Finan rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Banks companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Canara Bank20–40%Flat₹1.07L Cr5.3
2AU Small Finance20–40%Flat₹74,341 Cr26.0
3IDFC First Bank20–40%Flat₹67,332 Cr29.9
420–40%Flat₹58,716 Cr49.8
520–40%Flat₹13,576 Cr9.4
620–40%Flat₹6,759 Cr8.6

Sign up free to see every company in the sector ranking and track Jana Small Finan.

Pro shows every company guiding 40%+ revenue growth →Full Banks ranking

Financials of Jana Small Finan

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Jana Small Finan

Shareholding breakup across reporting periods.

Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +22.54%22.54%22.38%22.35%22.28%21.88%21.87%21.86%21.85%16.94%16.87%
FIIs +1.15%1.02%1.09%0.51%0.89%0.28%1.21%4.11%4.31%4.01%5.10%
DIIs +17.70%17.73%17.99%18.47%15.89%16.03%14.81%12.92%14.29%15.31%16.28%
Government +0.00%0.00%0.00%0.00%0.00%0.00%0.00%1.98%1.98%1.03%0.00%
Public +58.62%58.71%58.53%58.67%60.94%61.81%62.12%59.14%57.57%62.69%61.74%
No. of Shareholders72,04249,17851,03352,29752,41253,35151,12951,54650,78549,93250,686

Financials of Jana Small Finan

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +9791,0381,1121,1671,1661,1771,1841,2411,2941,3741,4451,5151,587
Interest453490520557572585602655686709709732768
Expenses +566553604639681665696750778899861854877
Financing Profit-41-5-13-29-87-72-114-164-171-235-126-72-59
Financing Margin %-4%-0%-1%-2%-7%-6%-10%-13%-13%-17%-9%-5%-4%
Other Income +164140179189176177234266246245266227229
Depreciation0000000000000
Profit before tax123135166160881051201027510140155170
Tax %0%0%-93%-7%-9%-5%-3%0%0%0%0%0%0%
Net Profit +123135322171971111231027510140155170
EPS in Rs24.2226.5430.7616.319.2510.5611.759.697.130.9213.2814.7416.10
Gross NPA %2.44%2.19%2.11%2.62%2.97%2.80%2.71%2.91%2.87%2.59%2.46%2.39%2.34%
Net NPA %0.87%0.71%0.56%0.99%0.99%0.94%0.94%0.94%0.94%0.94%0.92%0.91%1.17%

Financials of Jana Small Finan

Profit & Loss

Annual income statement trend

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +1,5551,2511,9922,4982,7273,0754,0144,6715,3535,919
Interest1,1648149801,2351,3371,4151,8862,3172,7602,919
Expenses +2,8442,3991,3221,3311,6271,9602,2222,5963,2133,492
Financing Profit-2,453-1,963-311-68-238-300-94-242-620-491
Financing Margin %-158%-157%-16%-3%-9%-10%-2%-5%-12%-8%
Other Income +421134332353246256707761,022966
Depreciation099938381696261750
Profit before tax-2,411-1,94930845256514474326475
Tax %4%0%0%0%0%0%-30%-6%0%
Net Profit +-2,504-1,94930845256670501326475
EPS in Rs-637.29-413.325.9416.621.0750.4664.0247.7330.9945.04
Dividend Payout %-0%0%0%0%0%0%0%0%0%

Financials of Jana Small Finan

Balance Sheet

Capital structure and asset base

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital394751515155105105105106
Reserves1,4904768439269991,4723,4734,0134,3654,780
Deposits04,1999,65212,38613,54016,33422,57129,12035,78438,221
Borrowing7,6624,2363,0494,9654,6606,5475,2113,8675,4975,248
Other Liabilities +5584875507639381,2351,3501,3621,6961,761
Total Liabilities9,7499,44614,14519,09120,18925,64432,71038,46747,44850,115
Fixed Assets +385332259211170123139150191247
CWIP0211153380
Investments1,9971,4682,6504,6985,0655,2216,7385,9459,81210,062
Other Assets +7,3677,64411,23414,18114,95220,29525,83132,36937,43739,806
Total Assets9,7499,44614,14519,09120,18925,64432,71038,46747,44850,115

Financials of Jana Small Finan

Cash Flows

Operating, investing and financing cash movement

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +2,771949615859-1,1377084,073594
Cash from Investing Activity +-231-285-1,266-1,330-434-780-321-4,133
Cash from Financing Activity +-2,489-8521,917-2402,10433-1,3311,641
Net Cash Flow51-1881,266-711532-392,421-1,898
Free Cash Flow2,717928573818-1,1636314,001472

Financials of Jana Small Finan

Ratios

Working capital efficiency and return ratios

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %-164%-189%5%10%1%20%26%13%8%

Guidance history

How Jana Small Finan's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlanned——
Q4 FY26 call →20–40%FlatPlanned—Rising
Q3 FY26 call →10–20%Flat——Rising
Q2 FY26 call →20–40%Flat—None planned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

16out of 100

Momentum score · price trend

16 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−11.5%47%
Last 6 months−14.0%30%
Last 3 months−30.0%3%

The price is 45.9% below its all-time high of ₹728.2 (21 Jun 2024). Stocks more than 20% below their peak have their score halved, so 31 became 16.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Jana Small Finan: 0.4 × 47 + 0.4 × 30 + 0.2 × 3 = 31, halved to 16 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Jana Small Finan's management said in earlier quarters

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