Jana Small Finance Bank reported a significant increase in net profit for the first quarter of fiscal year 27. During the reporting period from April to June, the bank demonstrated a 52% growth in net profit compared to the same period last year, reaching 155 crore rupees. This success was attributed to a strong increase in net interest income, active growth in the loan portfolio, and expansion of the secured loan portfolio.
Net Interest Income (NII) increased by 33.4% year-on-year, amounting to 782 crore rupees. Meanwhile, other incomes slightly decreased, falling to 215 crore rupees from 235 crore rupees the previous year. The bank's Net Interest Margin (NIM) consistently rose by 30 basis points, reaching 7.5% in the first quarter of FY27.
Provisions and unforeseen expenses slightly decreased to 178 crore rupees in Q1 FY27, compared to 187 crore rupees the previous year and 195 crore rupees in Q4 FY26. Write-offs also decreased sequentially by 13%, totaling 291 crore rupees.
The volume of loans disbursed increased by 26% year-on-year and 4% sequentially, reaching 37,612 crore rupees. The secured portfolio grew by 29% year-on-year and 4% sequentially. The gold loan segment showed the fastest growth, increasing by 113% year-on-year, followed by auto loans, which grew by 78%. Growth in the affordable housing segment reached 29%, and MSME loans grew by 27%. Conversely, the growth of the Loan Against Property (LAP) microloan portfolio slowed to 5% year-on-year.
Currently, the secured portfolio accounts for almost 73% of the total outstanding loans. Meanwhile, the unsecured portfolio grew by 18% year-on-year and 3% sequentially, reaching 10,240 crore rupees. Deposits, in turn, increased by 22% year-on-year, totaling 35,756 crore rupees.
For fiscal year 27, the bank forecasts asset growth of 19–21%, deposit growth of 23–25%, and profit increase of over 80%. The bank also clarified that Jana Holdings and Jana Capital, the current promoters, were classified as being in technical default on the payments of Non-Convertible Debentures (NCD) after extending the maturity of these instruments by six months to provide additional time to sell their stake.
Jana Holdings' stake in the bank decreased from a peak of 44% to 16.9%. Both Jana Holdings and Jana Capital plan to seek approval for de-promoterization from the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) once their stake falls below 9.99%. It was noted that Jana Holdings has not injected capital into the bank since June 2022, has no representation on the bank's board of directors, and there are no cross-holdings between the entities. The bank also assured that there is no cross-default link between the debt of Jana Small Finance Bank and the debt of Jana Holdings or Jana Capital. Although India Ratings placed the bank under 'watch' following actions against Jana Holdings and Jana Capital, the bank stated that operations continue as usual. Meanwhile, CARE Ratings confirmed the bank's rating without any changes.
The public sector bank Union Bank of India reported a significant increase in its net profit for the first quarter of the fiscal year 2027 (Q1FY27), which ended in June 2026. The company's profit reached 5,332 crore rupees, representing a 29.5% growth compared to 4,116 crore rupees in the same period last year. This growth was driven by a healthy increase in core income and a reduction in operating expenses.
The bank's Net Interest Income (NII) increased by 10.1% year-on-year in Q1FY27, amounting to 10,037 crore rupees versus 9,113 crore rupees the previous year. Meanwhile, the Net Interest Margin (NIM) improved to 2.80%, up from 2.76% in the previous year. Non-interest income grew by 2.6% year-on-year to 4,603 crore rupees, but sequentially declined by 15% compared to the March quarter (4,486 crore rupees).
Within the non-interest income structure, fee-based income showed significant growth, increasing by 45% year-on-year to 3,215 crore rupees (compared to 2,218 crore rupees). This figure remained relatively stable compared to the previous quarter, increasing by only 0.2% (to 3,209 crore rupees). Concurrently, treasury income sharply fell by 54.5% year-on-year, reaching 645 crore rupees (compared to 1,418 crore rupees), although it showed a slight increase of 1.4% compared to the previous quarter (636 crore rupees).
Regarding asset quality, the Gross Non-Performing Assets (GNPA) ratio improved to 2.65% as of June 2026, down from 3.52% a year earlier. The Net NPA ratio decreased to 0.47% from 0.62%. Furthermore, the slippage ratio improved to 0.82% compared to 0.99% last year.
The total volume of global loans grew by 12.5% year-on-year, reaching 10.96 trillion rupees from 9.74 trillion rupees. Internal loans increased by 13.1% to 10.61 trillion rupees, and retail loans grew by 12.1% to 2.57 trillion rupees (from 2.29 trillion rupees). The loan volume in the Retail, Agriculture, and MSME (RAM) segments expanded by 11.6% to 6.08 trillion rupees.
On the liability side, global deposits increased by 3.5% year-on-year, reaching 12.83 trillion rupees (from 12.40 trillion rupees). Internal deposits also grew by 3.5% to 12.83 trillion rupees. The domestic Current Account Savings Account (CASA) ratio improved to 35.10% from 32.52%, and CASA deposits themselves increased by 12.5% year-on-year, totaling 3.76 trillion rupees (compared to 3.34 trillion rupees).
LTM, formerly known as LTI Mindtree, has released its report on the first quarter of the financial year 2027. During this period, the company's net profit increased by 17%, reaching ₹1,468 crore, while revenue grew by 18% to ₹11,608 crore.
In dollar terms, the company's revenue for the period ending June 30 was $1.22 billion, demonstrating a 6.1% growth. Furthermore, growth in constant currency reached 6.4%. In a statement, the company emphasized that the first quarter results reflect progress in implementing its artificial intelligence (AI) focused strategy.
Venu Lambo, CEO and Managing Director, noted that the company's transition to an AI focus is yielding tangible results for clients, which is evident in the quality and scale of contracts being secured. Thanks to a strong order book and a healthy pipeline across various industry segments, management expressed confidence in continued growth momentum throughout the year.
Almost all verticals, except for financial services, showed positive momentum. The consumer, technology, and manufacturing verticals grew by 18.2%, 10%, and 5.3%, respectively. Financial services, conversely, recorded a negative growth of 2.5% in constant currency. Lambo added that the company's revenue from AI in the creative, business, and industrial sectors amounted to approximately $150 million based on the quarterly run rate.
The EBITDA margin also improved by 120 basis points, reaching 15.5%. The employee attrition rate remained unchanged at 13.3%, and the total number of employees slightly decreased by 64 people to 87,886. It was noted that IT companies had slowed down hiring for some time due to the unstable macroeconomic environment; however, TCS began the new fiscal year with a positive outlook on recruitment.
