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Jana Small Finance Bank shares slide 3% after PAT declines 61% YoY in Q4

Economic Times30-04-2025

Jana Small Finance Bank shares slid 2.6% to their day's low of Rs 509.95 on the BSE on Wednesday, April 30, after the bank's Q4 net profit significantly dropped by 61.6% YoY to Rs 123.50 crore, against Rs 321.67 crore in the corresponding quarter of the previous financial year.
ADVERTISEMENT However,on a sequential basis, the lender's PAT was up 11.3% from Rs 111 crore in the preceding quarter.
In the fourth quarter of FY25, the bank's CASA to total deposit ratio stood at 18%, slightly lower than the 18.4% recorded in Q3FY25. Net interest margin rose to 7.4% from 7.3% in the previous quarter.
The cost-to-income ratio increased to 64.7% in Q4FY25, compared to 63.8% in Q3FY25. On the asset quality front, the gross NPA declined to 2.5% from 2.7%, while net NPA remained stable at 0.9% across both quarters.Adjusted return on average assets improved to 2.5% from 2.3%, while adjusted return on average equity rose to 21.4%, up from 19.8% in Q3. Return on average assets (annualised) came in at 1.4%, compared to 1.3% in the preceding quarter.Return on average equity (annualised) stood at 12.3%, higher than 11.4% in Q3FY25. The weighted capital adequacy ratio (CAR) increased to 20.7% in Q4FY25, from 18.4% in Q3FY25.
ADVERTISEMENT Also read: IndusInd Bank shares in focus after CEO Sumant Kathpalia resigns amid derivatives accounting row
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Over the past one year, the shares of Jana SFB have gained 2.15%. On a year-to-date (YTD) basis, it has risen by 26.51%. The six-month return stood at 9.57%, while the stock gained 15.39% over the last three months and 25.39% in the last one month.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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‘Resume direct flights, reduce hotel tariffs to revive tourism in Kashmir'
‘Resume direct flights, reduce hotel tariffs to revive tourism in Kashmir'

Time of India

timean hour ago

  • Time of India

‘Resume direct flights, reduce hotel tariffs to revive tourism in Kashmir'

Srinagar: The travel trade industry has appealed to airlines to resume flights to Srinagar that were discontinued after the Pahalgam terror attack on April 22 so that tourism in Kashmir can revive. Tired of too many ads? go ad free now While all flights to Srinagar, Jammu and over two dozen other areas were suspended in May, as India conducted air strikes against terror hubs in Pakistan, some services including direct flights from Kolkata to Srinagar by IndiGo Airlines and Air India Express have not resumed after hostilities ceased on May 10. IndiGo has indicated that it will resume the direct flight from June 16. Last month, TOI wrote about the 'Chalo Kashmir' campaign, a strong community-tourism industry connect initiative launched by the Travel Agents' Association of India (TAAI), which handles around 4 lakh tourists from Kolkata in a year, around 40,000 of whom travel to Kashmir. Taking the campaign forward, TAAI started a new campaign called Rally for Valley to boost tourism in Kashmir. "We are in talks with the Union govt as well as airlines and hotel bodies to put a cap on tariffs that can help us shape attractive packages for tourists," said TAAI president Sunil Kumar. "As for safety, we are visiting the valley with our families. Tourists have nothing to fear. People here are among the most hospitable. This is the best time to visit the Valley," he added. Over 15 lakh tourists visited Kashmir last year. The Valley was packed with tourists again this year before the terror attack triggered mass cancellations. The downturn in tourists has hit Kashmiris hard. "In April, we were charging Rs 5,000 for a round trip to Pahalgam from Srinagar. Now we are taking tourists even for Rs 3,000," said Md Rouf, a driver. Restaurants like Lazeez, which had to turn down guests two months back, are now giving special offers to fill tables. Tired of too many ads? go ad free now "Very few rooms have been booked across several hotels. Had it not been for the terror attacks, these hotels would have been packed. These hotels should take a Covid-time-like approach and cut down on tariffs. We have set ourselves a target until Sept this year by when we intend to revive tourism back in Kashmir," said TAAI chairman (east) Anjani Dhanuka. The newly inaugurated Vande Bharat Express, travelling through the landmark Chenab Bridge, is also being promoted as a game changer. "Kolkata will host the first roadshow promoting Kashmir as a safe destination. We are also regularly updating our social media handles with snippets and current activities in popular destinations in Srinagar, Pahalgam, Jammu, Gulmarg, Sonmarg, and other places to encourage tourists from Kolkata," said Manav Soni, TAAI national committee member.

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