Janashakthi Finance delivers strong 4Q growth

 From left: Chairman Rajendra Theagarajah and CEO Sithambaram 
Sri Ganendran

• Improves profitability

Janashakthi Finance PLC delivered a strong performance for the financial year ended March 31, 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 March 31, 2026, marking a robust 62 percent year-on-year (YoY) increase with the restated PBT of Rs.348 million reported recorded in the previous financial year. 

Net operating income grew significantly by 35 percent 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 percent YoY to Rs.403 million, reflecting resilient earnings performance amidst the evolving market conditions and the company’s prudent financial management and disciplined growth strategy. 

The company’s 4Q performance further reinforced its positive growth trajectory, with quarterly PBT increasing by 17 percent YoY to Rs.175 million, while the quarterly NPAT rose by 39 percent YoY to Rs.163 million. 

Net operating income for the quarter recorded a strong 31 percent YoY 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 percent YoY to Rs.32.96 billion as of March 31, 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 percent 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 the PBT increasing by 18 percent, NPAT by 66 percent and net operating income by 12 percent, highlighting the company’s accelerating operational momentum and strengthened earnings capacity heading into the new financial year.

Janashakthi Finance Chairman 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.”

Janashakthi Finance Chief Executive Officer Sithambaram Sri Ganendran said, “Our strong 4Q 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.”