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Informist, Thursday, Jul. 16, 2026

--PNB Gilts Apr-Jun net profit INR 806.98 mln vs INR 1.60 bln year ago 

--PNB Gilts Apr-Jun revenue INR 4.55 bln vs INR 5.63 bln year ago 

By Vaishali Tyagi
 

NEW DELHI – PNB Gilts Ltd.'s profit after tax fell year-on-year in the June quarter, weighed down by a sharp drop in net gains on securities from the year-ago period. A slight increase in interest income provided some support and limited the decline in the bottom line for the primary dealer.

India's only listed primary dealership posted a net profit of INR 806.98 million for the June quarter, against INR 1.60 billion a year ago and INR 129.9 million a quarter ago. Its total revenue from operations fell significantly on year to INR 4.55 billion. However, it rose marginally on a sequential basis. 

PNB Gilts released its earning after market hours. On Thursday, shares of the company ended over 4% higher at INR 91.34 on the National Stock Exchange. PNB Gilts is a subsidiary of Punjab National Bank. The company focuses on underwriting government securities and trading fixed-income instruments. 

In the quarter ended June, the net loss on securities, both realised and unrealised, was INR 182.3 million, significantly lower than INR 1.57 billion reported in the corresponding quarter a year ago. In March quarter, the company's net loss on securities, both realised and unrealised, was INR 725.28 million. 

The interest income of the company grew over 7% on year to INR 4.33 billion in June quarter, Sequentially, it rose marginally by 3%. The total expenses of the company fell slightly over 1% on year to INR 3.47 billion in the reporting quarter. On quarter, it fell nearly 16%. Of the total expenditure, the company's finance cost rose marginally on year to INR 3.31 billion, but expenses on employees benefits fell nearly 70% on year and over 52% on quarter to nearly INR 35 million.  End

Edited by Avishek Dutta

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