FINANCIALS: JXG Finance delivers PBT of Rs 564 m

Janashakthi Finance PLC, a subsidiary of JXG (Janashakthi Group), delivered a Profit Before Tax (PBT) of Rs 564 million (m) for the 12 months ended 31 March 2026, marking a robust 62% year-on-year increase with the restated PBT of Rs 348 m reported recorded in the previous financial year. Net Operating Income grew significantly by 35% to Rs 3.1 billion (b). 

For the year under review, Net Profit After Tax (NPAT) increased by 38% year-on-year to Rs 403 m. The Company’s Q4 performance further reinforced its positive growth trajectory, with quarterly PBT increasing by 17% year-on-year to Rs 175 m, while quarterly NPAT rose by 39% year-on-year to Rs 163 m. Net Operating Income for the quarter recorded a strong 31% year-on-year increase to Rs 883 m compared with the corresponding quarter of the previous year.

Demonstrating strong business expansion and growing market confidence, Janashakthi Finance’s Loans and Receivables Portfolio grew by 48% year-on-year to Rs 32.96 b as of 31 March 2026. The growth was supported by expansion across the Company’s core lending segments, continued portfolio diversification and a disciplined approach to credit growth. Deposits increased by 14% to Rs 18.2 b, reflecting sustained customer trust and an expanding financial footprint across the country.

The fourth quarter showed PBT increasing by 18%, NPAT by 66% and Net Operating Income by 12%. Commenting on the performance, Janashakthi Finance PLC Chairperson Rajendra Theagarajah stated: “This year’s performance reflects the resilience of our business model and the disciplined execution of our long-term strategy. As the economy continues to regain momentum, Janashakthi Finance is well positioned to strengthen its role as a trusted and progressive non-banking financial institution creating sustainable value for all stakeholders.”

Commenting on the Company’s operational performance, Janashakthi Finance PLC Chief Executive Officer Sithambaram Sri Ganendran said: “Our strong Q4 performance was driven by healthy portfolio expansion, improved operational momentum and growing customer confidence across our markets. As we move forward, we remain focused on scaling quality growth, strengthening accessibility, enhancing operational agility and delivering innovative, customer-centric financial solutions that are relevant to the evolving needs of customers across Sri Lanka.”

Source: The morning