Jana Small Finance Bank has made it to the headlines of the world of business as the shares of the bank have risen significantly, surging by over a staggering 17 per cent on Wednesday, January 22.

Jana Bank On The Rise

The Bengaluru-based small finance bank saw this major turn of events after its quarterly results, which were published on January 21, after the trading hours.

The company published the details of its performance in Q3 of FY25, which ended on December 31 through an exchange filing.

Quarterly Results

Jana Small Finance Bank reported a total net profit of Rs 110 crore, in the quarter that ended in December. This amount is higher than the previous quarter's Rs 96 crore.

However, a year-over-year analysis shows a decline of its net profit. In Q3 of FY24, the bank's net profit stood at Rs 134 crore.

The focus then comes to the total income accrued by the bank in the quarter. The bank saw a total income of Rs 1,354 crore in Q3 compared to its 1,341 crore in Q2 and Rs 1,177 crore in the Q3 of FY24.

The total interest earned by the small finance bank in the quarter reached Rs 1,177 crore. This interest earned is higher than the previous year's Rs 1,038 crore.

In all, the total net worth of the company stood at Rs 3,736.06 crores. The bank's debt-to-equity ratio stood at 1.00. Here, 1.00 or a ratio lower than 1.00 is considered healthy.

The bank's gross NPAs increased slightly to Rs 757 crore, compared to Q2's Rs 752 crore. In the previous cycle, the NPA stood at Rs 487 crore.

Shares On Rise

As a result of these numbers, the company shares have jumped significantly at the bourses.

After opening at a high of Rs 376.10 per share, the company shares soared significantly, hitting the high Rs 438.70. However, the surged tapered a little, while continuing to maintain the grip.

At the time of writing, the shares of Jana Small Finance Bank surged to Rs 427.20 per piece. The surge stood at a mammoth 16.85 per cent or Rs 61.60 per share.