JXG posts strong quarterly gains, bolsters mid-year profit to Rs. 3.4bn

Ramesh Schaffter	Chandan de Silva

JXG (Janashakthi Group) reported a solid start to FY26, with consolidated net profit for the first half of the financial year ending 30 September reaching Rs. 3.4 billion, reflecting robust growth across its financial services portfolio.

The investment banking arm, First Capital Holdings PLC, drove the quarter’s strong performance with a Net Profit After Tax (NPAT) of Rs. 3.4 billion, up sharply from Rs. 897 million a year earlier. The gains were supported by proactive positions taken by its Primary Dealing and Corporate Dealing Securities divisions, capitalising on market movements.

Janashakthi Insurance PLC, the Group’s insurance vertical, posted a remarkable NPAT of Rs. 2.8 billion for the year-to-date period ending the third quarter, more than tripling last year’s Rs. 801 million. New business premiums jumped 72 percent, underlining strong growth in underwriting and customer acquisition.

Janashakthi Finance PLC, the Group’s finance and leasing arm, recorded NPAT of Rs. 141 million for 1H FY26, supported by net operating income of Rs. 1.4 billion, up 34 percent YoY. Portfolio growth stood at 48.7 percent YoY to Rs. 26.7 billion, reflecting rising demand across key lending segments.

For 1H FY26, JXG’s consolidated revenue rose 43.6 percent YoY to Rs. 15.8 billion, while total assets climbed 19.9 percent to Rs. 193.5 billion, demonstrating the Group’s ability to scale across its integrated financial services.

Revenue contributions from subsidiaries were led by First Capital Holdings PLC (Rs. 9.3 billion), followed by Janashakthi Insurance PLC (Rs. 3.8 billion) and Janashakthi Finance PLC (Rs. 2.8 billion).

“The 1H FY26 performance is proof of the expertise and capability of the team. We will continue to align our commercial and marketing initiatives to ensure sustainable growth and deliver value for all stakeholders,” said Ramesh Schaffter, Managing Director/Group CEO, JXG.

Meanwhile Chandan de Silva, Group Chairman noted the performance across subsidiaries demonstrates both the solidity of the business mix and the effective deployment of capital. 

“We remain confident in the ability to deliver long-term value for all stakeholders, maintaining a disciplined approach to growth and marketing excellence.”

The Group said it remains cautiously optimistic amid macroeconomic uncertainties. It is well-positioned to capitalise on momentum in capital markets, rising insurance demand, and expanding leasing portfolios, while continuing to focus on reducing leverage, driving earnings growth, and enhancing shareholder value.