Jana Small Finance Bank Annual Report | Balance Sheet for FY 2022-23

Jana Small Finance Bank Limited (Jana Small Finance Bank) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Jana Small Finance Bank Limited

Jana Small Finance Bank Limited Balance Sheet (In Rs. thousands)

Particulars	2023	2022	2021
Capital And Liabilities
Capital	32,49,787	20,14,116	20,07,273
Reserves and Surplus	1,47,22,765	99,92,874	92,61,506
Deposits	16,33,40,158	13,53,64,912	12,38,59,271
Borrowings	6,27,74,600	4,50,98,320	4,81,53,193
Other liabilities and provisions	1,23,49,586	94,16,864	76,27,809
Total Capital And Liabilities	25,64,36,896	20,18,87,086	19,09,09,052
Assets
Cash and balances with the Reserve Bank of India	1,01,09,394	1,53,00,194	46,22,872
Balances with banks and money at call and short notice	1,07,63,690	70,728	1,79,74,840
Investments	5,22,12,244	5,06,52,606	4,69,77,852
Advances	17,75,95,554	13,00,66,746	11,61,19,172
Fixed assets	12,77,487	17,16,470	21,20,570
Other assets	44,78,527	40,80,342	30,93,746
Total Assets	25,64,36,895	20,18,87,086	19,09,09,052

Jana Small Finance Bank Limited Profit & Loss Statement (In Rs. thousands)

Particulars	2023	2022	2021
Income
Interest Earned	3,07,50,103	2,72,65,351	2,49,77,080
Other Income	62,48,647	32,37,632	23,50,801
Total Income	3,69,98,750	3,05,02,983	2,73,27,881
Expenditure
Interest Expended	1,41,49,901	1,33,67,509	1,23,45,784
Operating expenses	1,28,45,104	1,13,88,210	1,04,73,113
Provisions and Contingencies	74,44,032	56,93,206	36,65,922
Total Expenditure	3,44,39,037	3,04,48,925	2,64,84,819
Net Profit/(Loss) For The Year	25,59,713	54,058	8,43,062
Balance in P&L account brought forward	(4,08,30,298)	(4,08,31,582)	(4,12,66,476)
Total Profit/(Loss)	(3,82,70,585)	(4,07,77,524)	(4,04,23,414)
EPS (In Rs.)
Basic	47.47	1.06	16.62
Diluted	42.64	0.99	15.70

Jana Small Finance Bank Cash Flow Statement for the last three years (Rs. in Thousands)

Particulars	31st march 2023	31st march 2022	31st march 2021
Cash Flow from operating activities
Net profit before taxes	25,59,713	54,058	8,43,062
Adjustments for:
Depreciation on fixed assets	6,86,888	8,08,153	8,26,769
Loss on sale of fixed assets	9747	2076	77,344
Employee stock option expenses	45,977	24,194	(9654)
Provision for non performing assets	4,56,878	2,87,048	5,88,846
Bad debts written off	63,89,553	58,53,286	23,27,031
Provision for standards assets	5,95,272	(4,57,705)	7,82,291
Premium amortization on HTM investments	31,300	29,447	44,952
Operating profit before working capital changes (i)	1,07,75,328	66,00,557	54,80,641
Movement in working capital
(Increase)/Decrease in investments	24,96,046	91,93,454	(82,89,710)
(Increase)/Decrease in advances	(5,43,75,239)	(2,00,89,497)	(2,02,51,232)
(Increase)/Decrease in deposits	2,79,75,246	1,15,07,400	2,73,39,802
(Increase)/Decrease in other assets	(3,04,560)	(9,58,925)	(3,53,605)
(Increase)/Decrease in lien marked fixed deposits	(1,82,476)	1,14,007	(1,35,793)
(Increase)/Decrease in other liabilities and provisions	23,37,450	22,46,770	24,03697
Net change in working capital (ii)	(2,20,53,533)	20,13,209	7,13,159
Direct taxes (paid)/refund (iii)	(93,625)	(27,671)	(41,439)
Net cash flow from operating activities (i)+(ii)+(iii)	(1,13,71,830)	85,86,095	61,52,361
Cash flow used in investing activities
Purchase of fixed assets	(2,60,455)	(4,08,420)	(4,27,243)
Proceeds from sale of fixed assets	2803	2291	2721
(Increase)/Decrease of held-to-maturity securities	(40,86,984)	(1,28,97,555)	(1,22,32,744)
Net cash (used in) investing activities (B)	(43,44,636)	(1,33,03,684)	(1,26,57,266)
Cash Flow from financing activities
Proceeds from issue of equity shares	35,671	6843	87
Proceeds from issue of compulsorily convertible preference shares	12,00,000	-	-
Securities premium received (Net of issue expenses)	21,24,201	6,53,131	-
Proceeds from issue of Tier II Capital bonds	-	5,00,000	-
(Increase)/Decrease in other borrowings	1,76,76,280	(35,55,168)	1,91,66,364
Net cash used in financing activities (C)	2,10,36,152	(23,95,194)	1,91,66,451
Net (Increase)/Decrease in cash and cash equivalents (A)+(B)+(C)	53,19,686	(71,12,783)	1,26,61,546
Cash and cash equivalents as at beginning of the period/year	1,53,49,136	2,24,61,919	98,00,373
Cash and cash equivalents as at end of the period/year	2,09,68,822	1,53,49,136	2,24,61,919

Summary of cash flow Statement for Jana Small Finance Bank Limited:

Cash Flows from Operating Activities:

- Year ended March 31, 2023: The bank had a net cash outflow of Rs. 1,13,71,830 thousand from operating activities. This includes adjustments for depreciation on fixed assets, employee stock option expenses, provisions for non-performing assets, bad debts written off, and premium amortization on HTM investments.

- Year ended March 31, 2022: The bank had a net cash inflow of Rs. 85,86,095 thousand from operating activities. This was primarily due to an increase in deposits, a decrease in investments, and an increase in other liabilities and provisions.

- Year ended March 31, 2021: The bank had a net cash inflow of Rs. 61,52,361 thousand from operating activities. This was mainly due to an increase in deposits, a decrease in advances, and an increase in other liabilities and provisions.

Cash Flows from Investing Activities:

- Year ended March 31, 2023: The bank had a net cash outflow of Rs. 43,44,636 thousand from investing activities. This includes the purchase and sale of fixed assets and changes in held-to-maturity securities.

- Year ended March 31, 2022: The bank had a net cash outflow of Rs. 1,33,03,684 thousand from investing activities. This was primarily due to changes in held-to-maturity securities and the purchase of fixed assets.

- Year ended March 31, 2021: The bank had a net cash outflow of Rs. 1,26,57,266 thousand from investing activities. This was mainly due to changes in held-to-maturity securities and the purchase of fixed assets.

Cash Flows from Financing Activities:

- Year ended March 31, 2023: The bank had a net cash inflow of Rs. 2,10,36,152 thousand from financing activities. This includes proceeds from the issue of equity shares, preference shares, securities premium, and Tier II capital bonds, as well as changes in other borrowings.

- Year ended March 31, 2022: The bank had a net cash outflow of Rs. 23,95,194 thousand from financing activities. This was primarily due to changes in other borrowings.

- Year ended March 31, 2021: The bank had a net cash inflow of Rs. 1,91,66,451 thousand from financing activities. This was mainly due to changes in other borrowings.

Net Increase/Decrease in Cash and Cash Equivalents:

- Year ended March 31, 2023: The bank experienced a net increase of Rs. 53,19,686 thousand in cash and cash equivalents during the year.

- Year ended March 31, 2022: The bank had a net decrease of Rs. 71,12,783 thousand in cash and cash equivalents during the year.

- Year ended March 31, 2021: The bank experienced a net increase of Rs. 1,26,61,546 thousand in cash and cash equivalents during the year.

Funds Flow Statement of Jana Small Finance Bank (Rs. In Crore)

Particulars	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18
Sources of funds
Cash Profit	70.34	159.57	116.87	0	0
Increase in Equity	0.68	0.01	3.56	7.87	11.83
Other Increases in other Networth	67.73	0	336.18	1,086.02	1,626.84
Increase in Deposits	1,154.27	2,733.98	5,453.25	4,198.25	0.45
Increase in Borrowing	0	1,916.58	0	0	0
Increase in other Liabilities and Provisions	175.2	212.47	62.82	0	0
Decrease in cash and bank balances	0	11.55	607.13	0	0
Decrease in money at call	860.41	0	0	831.88	1,355.78
Decrease In advances	0	0	0	0	5,585.23
Decrease in investments	0	0	0	529.35	0
Other assets	0	0	0	0	168.75
Total Inflow	2,328.63	5,034.16	6,579.81	6,653.37	8,748.88
Application of funds
Cash Loss	0	0	0	1,856.65	2,447.60
Decrease in networth	0	0.95	0	0	0
Decrease in borrowings	305.49	0	1,187.73	3,575.14	4,005.58
Decrease in other liabilities and provisions	0	0	0	70.42	250.97
Increase in cash and bank balances	137.73	0	0	883.23	181.37
Increase in money at call	0	1,291.02	418.87	0	0
Increase in advances	1,394.76	1,655.30	3,739.54	188.76	0
Increase in investments	367.47	2,047.75	1,181.91	0	1,649.84
Increase in fixed assets	24.52	27.31	12.29	42.21	210.77
Increase in other assets	98.66	11.83	39.47	36.96	0
Dividend	0	0	0	0	2.75
Total Outflow	2,328.63	5,034.16	6,579.81	6,653.37	8,748.88

Jana Small Finance Bank Share Dividend History

Particulars	2022	2021	2020
Dividend per Share	Nil	Nil	Nil

Jana Small Finance Bank Limited Recent Performance

The interest income of Jana Small Finance Bank Limited has increased by 12.78% from Rs. 2,72,65,351 Thousand in FY 2022 to Rs. 3,07,50,103 Thousand in FY 2023.
Interest Expended increased 5.85% in FY 2023 to Rs. 1,41,49,901 Thousand from Rs. 1,33,67,509 Thousand in FY 2022.
Provisions and Contingencies have increased significantly by 30.75% in FY 2023 to Rs. 74,44,032 Thousand from Rs. 56,93,206 Thousand in FY 2022.
The bank turned profitable in FY 2023. In FY 2022, Jana small finance bank registered a profit of Rs. 54,058 Thousand. In FY 2023, the bank made profits of Rs. 25,59,713Thousand, showing a growth of 4365%.
Jana, Small Finance Bank has increased its borrowings from Rs. 4,50,98,320 Thousand in FY 2022 to Rs. 6,27,74,600 Thousand in FY 2023, an increase of 39.19%.
The bank 's Advances increased by 36.54% in FY 2023 to Rs. 17,75,95,554 Thousand from Rs. 13,00,66,746 Thousand in FY 2022. Moreover, Deposits with banks have seen a rise of 20.67% in FY 2023. Deposits in FY 2023 reached Rs. 16,33,40,158 Thousand from Rs. 13,53,64,912 Thousand in FY 2022.
JANA SMALL FINANCE BANK IPO
Jana Small Finance Bank has filed the DRHP with SEBI to float an initial share sale. The IPO comprises of fresh issuance of equity shares worth Rs. 700 Thousand and an offer for sale of up to 92,53,659 shares by existing shareholders.
The Jana small finance bank has proposed to utilize the net proceeds from the fresh issue towards augmenting its Tier – 1 capital base to meet future capital requirements.
The proceeds will also be used for meeting the expenses in relation to the offer.

Jana Small Finance Annual Report

Jana Small Finance Bank Annual Report 2022-23

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Jana Small Finance Bank Annual Report 2020-21

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Jana Small Finance Bank Annual Report 2019-20

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Recent News

The Jana Small Finance Bank has teamed up with three TReDS platforms to assist small businesses.

Created at 11 Nov 2021 03:44

Jana Small Finance Bank Annual Reports, Balance Sheet and Financials

Jana Small Finance Bank Limited (Jana Small Finance Bank) Return Comparision with Primex 40 Index

Jana Small Finance Bank Limited Balance Sheet (In Rs. thousands)

Jana Small Finance Bank Limited Profit & Loss Statement (In Rs. thousands)

Jana Small Finance Bank Cash Flow Statement for the last three years (Rs. in Thousands)

Funds Flow Statement of Jana Small Finance Bank (Rs. In Crore)

Jana Small Finance Bank Share Dividend History

Jana Small Finance Bank Limited Recent Performance

Jana Small Finance Annual Report

Jana Small Finance Bank Annual Report 2022-23

Jana Small Finance Bank Annual Report 2020-21

Jana Small Finance Bank Annual Report 2019-20

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