Jana Small Finance Bank Ltd · NSE:JSFB
Jana Small Finance Bank — 9M FY2025 Earnings Presentation
30 slides from Jana Small Finance Bank's earnings presentation
Slide 1: Jana Small Finance Bank Investor Presentation 9M FY'2025
Jana Small Finance Bank Investor Presentation 9M FY’2025
Slide 2: Disclaimer
Disclaimer This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Jana Small Finance Bank (the “Bank”) and no part of it shall form the basis of or be relied upon in connection with an
Slide 3: Strong Q3 with declining GNPA and NNPA
Strong Q3 with declining GNPA and NNPA Particulars Q3 FY25 Q2 FY25 9M FY25 9M FY24 Regulatory Provision 81 149 372 504 Accelerated Provision 93 61 208 - PBT 105 88 354 348 DTA (5) (8) (24) - PAT 111 97 378 348 Adjusted PAT* 204 158 586 348 Adjusted RoA* 2.4% 1.9% 2.3% 1.7% Adjusted RoE* 20.7% 16.7%
Slide 4: Key Q3 Developments – Credit quality stabilised
Key Q3 Developments – Credit quality stabilised • Credit quality peak challenges behind us Particulars Q1 FY25 Q2 FY25 Q3 FY25 Credit Cost 196 210 174 Less: Accelerated Provisioning 54 61 93 Less: Recoveries under Other Income 19 25 37 Net Credit Cost 123 124 44 GNPA1 2.51% 2.86% 2.71% NNPA1 0.95% 0
Slide 5: Key Q3 Developments – Balancing Profit & Healthy Balance Sheet
Key Q3 Developments – Balancing Profit & Healthy Balance Sheet • CGTMSE & CGFMU initiated for unsecured loans Particulars Amount % of MFI Mar-25 CGTMSE 783 8.8% ~2,500 CGFMU 403 4.5% ~28-30% Total 1,186 13.3% • Cost to Income ratio will retrace back as MFI business growth resumes Particulars Q1 FY25
Slide 6: Book Value per share improves to Rs. 380 from Rs. 331 in Q3 FY24
Book Value per share improves to Rs. 380 from Rs. 331 in Q3 FY24 Assets Liabilities Credit Cost Capital Quality Key Ratios P&L Metrics Rs. 27,984 Crs / 6.0% Rs. 25,865 Crs / 4.3% 2.71% [2.86%] Rs. 380 [Rs. 369] 1.3% [1.2%] Rs. 111 Crs Advances1 / Growth Deposits / Growth Gross NPA* BVPS ROA [97 Crs]
Slide 7: Highest 9M PAT at 378 crores in a difficult year with PCR 66.9%
Highest 9M PAT at 378 crores in a difficult year with PCR 66.9% Assets Liabilities Credit Cost Capital Quality Key Ratios P&L Metrics Rs. 27,984 Crs / 18.5% Rs. 25,865 Crs / 24.4% 2.71% [2.06%] Rs. 380 [Rs. 331] 1.5% [1.7%] Rs. 378 Crs Advances1 / Growth Deposits / Growth Gross NPA* BVPS ROA [348 Cr
Slide 8: National franchise with strong brand recognition
National franchise with strong brand recognition Distribution of bank branches Presence in Unbanked Rural Centre's MFI through BCs 778 Business Correspondent (BC) Operated Outlets Bank Branches Unbanked Rural Centres % of Total Outlets Banking Outlets Advances sourced by BCs / Total Advances1 (%) 36
Slide 9: Secured loans: Affordable Housing and Micro LAP ~11,000 crores
Affordable Housing and Micro LAP ~11,000 crores; Two wheeler and Gold showing strong performance Average Average Advances1 Advances1 Advances1 Category of Advance1 GNPA3 NNPA3 AUM Tenure Ticket Size Growth Growth Growth LTV4 (As at December 31, 2024) (%) (%) (Months) (Rs. Mn) 2 y-o-y (%) 9M FY25 (%)
Slide 10: Secured loan on track to 80% with geographic diversification maintained
Secured loan on track to 80% with geographic diversification maintained Secured grows by 29.4% from Mar-24 Moving towards 80% secured Top 3 states 38%. No concentration Maharashtra Tamil Nadu Karnataka YTD Secured Advances1 (Rs. Crs) Gujarat Madhya Pradesh Rajasthan Particulars Mar-24 Dec-24 Growth
Slide 11: MFI – De-growth to stop in Q4 FY25 with increasing Guarantee Cover
MFI – De-growth to stop in Q4 FY25 with increasing Guarantee Cover Product Wise Digital y-o-y YTD q-o-q Dec-24 ATS2 Growth GNPA3 NNPA3 PCR Advances1 Payment Growth Growth Individual Loan 5,124 40.2% 49,130 1.0% (3.0%) 2.2% 3.2% 0.8% 75.8% - Agri 1,576 29.0% 49,740 73.7% 45.3% 40.0% 2.4% 0.6% 76.2% -
Slide 12: MFI business – Safety in existing customers
MFI business – Safety in existing customers Product Jana Loan Cycle 1 Jana Loan Cycle 2 Jana Loan Cycle 3 Jana Loan Cycle 4+ Agri 2,131 491 43 14 GL 783 62 16 11 IL 158 2,021 1,387 1,782 Overall 3,072 2,573 1,447 1,806 RFS Overall - % Portfolio Existing Customers Agri Loans - % Portfolio Existing Cu
Slide 13: Bring Your Bank Home
Bring Your Bank Home Home Loan leading to Anchor Bank with Multiple Product Offerings and Special Benefits Two Wheeler loans • Pre-approved Two Wheeler loans Pre-approved Business Loan • 100% funding to the vehicle value • Additional Pre-approved line upto Rs. 5 lakhs available • Lower Processing fe
Slide 14: Becoming Anchor Bank – Gold, TD & Business loan improving
Becoming Anchor Bank – Gold, TD & Business loan improving #Average CASA Penetration TD/RD Penetration Health Insurance Penetration Relationships 99% 20% 91% 3.7 66% 2.8 32% 4% PRE-HOME360 POST-HOME360 PRE-HOME360 POST-HOME360 PRE-HOME360 POST-HOME360 PRE-HOME360 POST-HOME360 Customers Customers Cust
Slide 15: Strong deposits growth at 24% and CASA growing at 22% y-o-y
Strong deposits growth at 24% and CASA growing at 22% y-o-y; q-o-q CASA degrowth pricing led Top 3 states 30%. No concentration Particulars Dec-24 y-o-y (%) YTD (%) q-o-q (%) Karnataka Maharashtra Punjab West Bengal CASA 4,768 22.3% 7.2% (4.2%) Tamil Nadu Delhi Uttar Pradesh Others TD 21,097 24.9% 1
Slide 16: Deposits – Underserved on Service and Price
Deposits – Underserved on Service and Price Optimize Distribution network –Mobilize Low-cost, stable retail deposits. Build momentum on CASA acquisitions No of Branches Avg CASA Book per Branch Avg Deposit Book per Branch 256 (in Crs) 16.8 (in Crs) 105 200 26 44 2.1 2.5 16 13 0.5 5 < 1 year 1 - 3 ye
Slide 17: Digital – A way of life!
Digital – A way of life! Jana Digitization 90% + Digital Uptake 99 % 98 % 92 % 90 % Digital Highlights Digital Channels SA Accounts Banking Txns Loans are Digitally Sales force use opened Digitally are Digital processed TAB/Mobile Key Highlights Merchant QR 20,182 QR Codes Installed across merchants
Slide 18: Key Financials
Cor y Jana Small coo Finance Bank A SCHEDULED COMMERCIAL BANK Key Financials
Slide 19: 9M FY25 RoA at 2.3% without accelerated provisioning impact of Rs. 208 crores
9M FY 25 RoA at 2.3% without accelerated provisioning impact of Rs. 208 crores Adjusted RoA and RoE Secured NIMs steady along with growth RoE (%) RoA (%) NIM (%) Yield on advances (%) 20.7% 20.2% 20.3% 16.7% 17.2% 16.9% 17.5% 17.4% 7.7% 7.3% 7.9% 7.6% 1.9% 2.4% 1.7% 2.3% Q2 FY25* Q3 FY25* 9M FY24 9M
Slide 20: Net NPA has 79% secured loans and strong PCR for all businesses
Net NPA has 79% secured loans and strong PCR for all businesses GNPA and NNPA returning to Pre-COVID levels Restructured Portfolio @ 0.3% of AUM INR crs Dec-24 Particulars Secured Unsecured BC Total Group Loans 3 Agricultural and allied Loans 0 Gross NPA 382 225 151 758 Individual and Micro Business
Slide 21: P&L Statement – Highest PBT of Rs. 354 Crs for 9M FY25
P&L Statement – Highest PBT of Rs. 354 Crs for 9M FY 25 Rs. Crs Q3 FY 25 Q2 FY 25 9M FY 25 9M FY 24 Other Income for 9 month period: Interest Income 1,177 1,166 3,511 2,902 Other Income includes: • Commission, exchange and brokerage – Interest Expense 585 572 1,714 1,366 Rs. 384 crores [Rs. 346 cror
Slide 22: Balance Sheet – Fresh Borrowings at 730 crs from NHB & SIDBI
Balance Sheet – Fresh Borrowings at 730 crs from NHB & SIDBI December 31, September December 31, Borrowings: Rs. Crs 2024 30, 2024 2023 CAPITAL AND LIABILITIES Borrowings includes Capital 105 105 356 • Refinance – Rs. 3,507 crores • Tier-2 capital - Rs. 350 crores Reserves & surplus 3,877 3,756 2,36
Slide 23: Experienced and professional management and Board
Experienced and professional management and Board Experienced board with diverse business experience in well-known financial services institutions and banks Name & Designation Past Experience Name & Designation Past Experience Ramalingam Ramaseshan Ajay Kanwal Part-Time Chairman and • National Commo
Slide 24: Experienced and professional management and Board
Experienced and professional management and Board International best practices in risk management, compliance and governance introduced by management with an average experience of 27 years in financial services Name & Designation Past Experience Name & Designation Past Experience Name & Designation
Slide 25: Innovative Product offerings
Innovative Product offerings 25
Slide 26: Best-in-class segment offerings
Best-in-class segment offerings 26
Slide 27: Thank You
Jana Small Finance Bank A SCHEDULED COMMERCIAL BANK Thank You
Slide 28: Our Strength
Our Strength Digitalised bank with Pan-India presence with strong brand recognition Integrated Risk and Governance Framework Professional and Experienced Management and Board Customer-centric organization with > 16 years’ experience in serving aspirational India Diversified asset book with majority
Slide 29: Our Strategies
Our Strategies Anchor Bank Increasing secured loans book Improve CASA and Retail Deposits Increase product range for existing segments Continued Focus on digitized operations Deepen customer relationships Focus on Risk and Compliance Optimizing Balance Sheet 29
Slide 30: Abbreviations
Abbreviations Abbreviation Expansion Abbreviation Expansion AUM Advances Under Management MFI Micro Finance Institution BC Business Correspondents MSME Micro, Small and Medium Enterprises CAGR Compounded Annual Growth Rate NACH National Automated Clearing House CASA Current Account and Savings Accou
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