Janashakthi Finance PLC, a subsidiary of JXG (Janashakthi Group), has delivered a strong performance for the financial year ended 31 March 2026, driven by disciplined execution, continued business expansion, and sustained momentum across its core lending and deposit operations.
The company’s performance was supported by improving economic activity, strengthening credit demand, and a continued focus on operational discipline and prudent portfolio management.
According to unaudited interim financial statements, Janashakthi Finance recorded a Profit Before Tax (PBT) of Rs. 564 million for the 12 months ended 31 March 2026, reflecting a 62% year-on-year increase compared to the restated PBT of Rs. 348 million in the previous year.
Net Operating Income rose 35% to Rs. 3.1 billion, supported by strong business volumes, improved operational efficiency, and expansion across key market segments. Net Profit After Tax (NPAT) increased by 38% year-on-year to Rs. 403 million, reflecting resilient earnings amid evolving market conditions and continued financial discipline.
The company also reported a strong fourth-quarter performance, with quarterly PBT increasing by 17% year-on-year to Rs. 175 million, while NPAT rose by 39% to Rs. 163 million. Net Operating Income for the quarter grew 31% year-on-year to Rs. 883 million.
Demonstrating strong business expansion and increasing 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. This growth was driven by expansion across core lending segments, 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.
Prime Lands Residencies posts exceptional FY2026 earnings, PAT up 67% to Rs. 2.06 Bn
Prime Lands Residencies PLC (CSE: PLR.N) has reported an outstanding financial performance for the year ended 31 March 2026, significantly exceeding market expectations and reinforcing its position as Sri Lanka’s leading real estate developer. The results were driven by large-scale operations, strategic project launches, and strong margin expansion.
Group Chairman Premalal Brahmanage said the exceptional performance reflects the strong trust placed in the Prime brand by its customers, describing the FY2026 results as a clear endorsement of the company’s market leadership.
Executive Chairperson Sandamini Perera stated that the company is guided by a vision to redefine urban living, deliver exceptional real estate value, and create lifestyle experiences that go beyond expectations. She added that Prime Lands Residencies continues to combine local expertise with global aspirations to develop enduring homes and investments.
Demonstrating strong shareholder returns, the Board of Directors declared an interim cash dividend of Rs. 0.80 per ordinary share for the year ended 31 March 2026. The ex-dividend date is set for 9 June 2026, with payment scheduled for 26 June 2026.
For the period under review, profit after tax (PAT) rose 67% year-on-year to Rs. 2.06 billion, while quarterly PAT increased 65% to Rs. 558.4 million. Revenue growth, supported by project completions and successful handovers, drove gross profit up 58% to Rs. 3.82 billion for the year, with quarterly gross profit rising 47% to Rs. 1.17 billion.
Operating profit increased 69% year-on-year to Rs. 2.69 billion, reflecting stronger core performance and improved operating leverage. Earnings per share (EPS) rose significantly to Rs. 2.20 from Rs. 1.31, while quarterly EPS increased 64% to Rs. 0.59, highlighting enhanced value creation for shareholders.
Total assets stood at Rs. 36.8 billion as at 31 March 2026, supported by an expanding inventory portfolio, including a strategic land bank valued at Rs. 11.1 billion, which underpins the company’s future development pipeline.
Janashakthi Finance delivers strong Q4 performance growth
