Janashakthi Finance delivers strong Q4 growth with improved profitability

Janashakthi Finance PLC, a subsidiary of JXG (Janashakthi Group), delivered a strong performance for the financial year ended 31 March 2026, reflecting disciplined execution, continued business expansion and sustained momentum across its core lending and deposit businesses. The Company’s performance was further supported by improving economic activity, strengthening lending demand and continued focus on operational discipline and prudent portfolio management.

Based on the unaudited interim financial statements, the Company recorded a Profit Before Tax (PBT) of Rs.564 million for the 12 months ended 31 March 2026, marking a robust 62% year-on-year increase with the restated PBT of Rs. 348 million reported recorded in the previous financial year. Net Operating Income grew significantly by 35% to Rs.3.1 billion, underpinned by strong business volumes, improved operational performance and continued expansion across key market segments.

For the year under review, Net Profit After Tax (NPAT) increased by 38% year-on-year to Rs.403 million, reflecting resilient earnings performance amidst evolving market conditions and the Company’s prudent financial management and disciplined growth strategy. The Company’s Q4 performance further reinforced its positive growth trajectory, with quarterly PBT increasing by 17% year-on-year to Rs.175 million, while quarterly NPAT rose by 39% year-on-year to Rs.163 million. Net Operating Income for the quarter recorded a strong 31% year-on-year increase to Rs.883 million 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 billion 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 billion, reflecting sustained customer trust and an expanding financial footprint across the country.

The fourth quarter also showed continued sequential improvement over the preceding quarter, with PBT increasing by 18%, NPAT by 66% and Net Operating Income by 12%, highlighting the Company’s accelerating operational momentum and strengthened earnings capacity heading into the new financial year.

Commenting on the performance, Rajendra Theagarajah, Chairman of Janashakthi Finance PLC 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, Sithambaram Sri Ganendran, Chief Executive Officer of Janashakthi Finance PLC 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.”

Backed by strong quarterly momentum, a rapidly expanding lending portfolio, an expanding deposit base, Janashakthi Finance enters the new financial year with a strengthened foundation for sustainable growth. The Company remains focused on deepening its market presence, improving operational efficiencies and advancing innovative financial solutions that contribute meaningfully to Sri Lanka’s evolving economic landscape while creating long-term value for shareholders and stakeholders alike.

About Janashakthi Finance

Janashakthi Finance offers a comprehensive suite of financial services tailored to meet the specific needs of customers, including mobilization of Fixed Deposits, Savings Accounts, Leasing, Gold Loans, Alternative Finance Solutions, Corporate Financing and many more. The company brings 44 years of stability, strength, reliability and expertise to the financial industry. Progressively, Janashakthi Finance PLC has established itself as a customer-focused financial service provider that prioritizes innovation and offers exceptional products and customer service. Janashakthi Finance is a JXG (Janashakthi Group Company), licensed by the Central Bank of Sri Lanka and rated BB+ with a Positive Outlook by LRA. 

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