JANA SMALL FINANCE BANK Q2 CONCALL : RAISES FY27 NET PROFIT GROWTH GUIDANCE TO 100% FROM 80%, MAINTAINS 19–21% LOAN GROWTH & 23–25% DEPOSIT GROWTH TARGETS

• MANAGEMENT RAISES FY27 NET PROFIT GROWTH GUIDANCE TO 100% FROM 80%, IMPLYING APPROXIMATELY ₹652 CR PAT • H1 FY27 NET PROFIT REACHED ₹326 CR, EQUAL TO ENTIRE FY26 PROFIT, WITH H2 PROFITABILITY EXPECTED TO REMAIN AT LEAST COMPARABLE • FY27 ADVANCES GROWTH GUIDANCE MAINTAINED AT 19–21% VS 22% YOY GROWTH IN Q2 • MANAGEMENT MAINTAINS FY27 DEPOSIT GROWTH GUIDANCE AT 23–25%, WITH STRONGER MOBILIZATION EXPECTED IN H2 • NIM EXPECTED TO REMAIN AROUND 7.5%, WHILE MANAGEMENT TARGETS COST OF FUNDS NEAR 7.4% • FY27 CREDIT COST GUIDANCE MAINTAINED BELOW 2%, WITH H2 CREDIT COSTS EXPECTED TO BE LOWER THAN H1 • MANAGEMENT EXPECTS LOWER SLIPPAGES IN Q3 FY27, SUPPORTED BY IMPROVING MICROFINANCE COLLECTION EFFICIENCY OF APPROXIMATELY 99% • SECURED LOAN CONTRIBUTION TARGETED AT APPROXIMATELY 80% OF ADVANCES VS CURRENT 73.7%, SUPPORTING PORTFOLIO RISK REDUCTION • COST-TO-INCOME RATIO TARGETED TOWARD 60% FROM CURRENT 64.3%, WITH 57% AS A LONGER-TERM OBJECTIVE • CASA RATIO TARGETED TO RECOVER TOWARD 20%, WITH MANAGEMENT EXPECTING SIGNIFICANT IMPROVEMENT IN CASA GROWTH DURING H2 • AFFORDABLE HOUSING LOAN GROWTH EXPECTED TO REMAIN STRONG AT APPROXIMATELY 28%, WHILE MSME LOANS TARGET SUSTAINABLE GROWTH OF 25–30% • GOLD LOAN GROWTH EXPECTED TO RECOVER TO 30–40% ANNUALIZED, WITH APPROXIMATELY 10% QUARTERLY GROWTH POSSIBLE FROM Q3 • VEHICLE LOAN GROWTH EXPECTED TO REMAIN STRONG IN H2 FY27 & FY28, SUPPORTED BY FESTIVE DEMAND AND GEOGRAPHIC EXPANSION • MANAGEMENT EXPECTS NET NPA TO DECLINE BELOW 1% FROM CURRENT 1.08%, SUBJECT TO RECEIPT OF ₹68 CR GUARANTEE CLAIMS EXPECTED BY NOVEMBER-END • BANK PLANS 78 BRANCH OPENINGS IN FY27, WHILE DIGITAL CASA ONBOARDING, CREDIT LINE ON UPI & NEW LENDING PRODUCTS ARE EXPECTED TO SUPPORT FUTURE GROWTH; DEPOSIT MOBILIZATION AND GUARANTEE CLAIM DELAYS REMAIN KEY RISKS

JANA SMALL FIN BANK LTD

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