PBT rises 27% as Net Operating Income grows 24.7% in first quarter of FY 2026/27

Janashakthi Finance PLC, a subsidiary of JXG (Janashakthi Group), has opened the financial year 2026/27 with strong growth across key performance indicators, recording a 51% year-on-year increase in Net Profit After Tax (NPAT) to Rs. 90.4Mn for the period ended 30th June 2026 (compared to Rs. 59.9Mn in Q1 FY 2025/26).

The Company recorded Profit Before Tax (PBT) of Rs. 138.2Mn, reflecting a 27.1% year-on-year increase (compared to Rs. 108.8Mn), while Net Operating Income grew 24.7% to Rs. 837.8Mn, compared to Rs. 671.6Mn recorded during the corresponding period of the previous financial year.

The strong improvement in profitability was supported by continued growth in the Company’s core lending business. Loans and Receivables Portfolio expanded to Rs. 34.5Bn, compared to Rs. 23.8Bn a year earlier, representing a 44.7% year-on-year increase.

Meanwhile, the Company maintained a stable deposit base, with deposits reaching Rs. 18.3Bn, compared to Rs. 16.9Bn in the corresponding period of the previous year, recording an 8.1% year-on-year increase.

Commenting on the performance, Rajendra Theagarajah, Chairman of Janashakthi Finance PLC, said, “Janashakthi Finance has made a strong start to the new financial year, with much improved growth in profitability and continued expansion of its core business. The 51% increase in net profit is a clear indication of the progress being made in strengthening the Company’s financial performance. As we move forward, our priority will be to build on this foundation through disciplined growth, sound governance and a clear focus on creating sustainable value for our customers and shareholders.”

Sithambaram Sri Ganendran, Chief Executive Officer of Janashakthi Finance PLC, said, “Our first-quarter results reflect the progress we are making across the business, with Net Operating Income growing 24.7% and Profit Before Tax increasing by 27%. The continued expansion of Loans and Receivables to Rs. 34.5Bn also demonstrates the strength of our lending franchise. We remain focused on converting this momentum into sustained growth by deepening our customer relationships, expanding our reach and continuing to improve the efficiency and effectiveness of our operations.”

The first-quarter performance builds on the growth achieved by Janashakthi Finance in recent periods as the Company continues to strengthen its position within Sri Lanka’s non-bank financial institution (NBFI) sector.

As part of JXG (Janashakthi Group), Janashakthi Finance is pursuing a focused growth strategy centred on expanding its lending and deposit franchises, strengthening its customer proposition and enhancing operational capabilities. The Company’s performance during the first quarter provides a positive foundation as it continues to execute its broader growth ambitions.

With its focus on responsible lending, customer-centric solutions and disciplined balance sheet management, Janashakthi Finance remains committed to delivering sustainable growth while creating long-term value for its customers, shareholders and other stakeholders.

Janashakthi Finance PLC - https://www.janashakthifinance.lk/