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Informist, Saturday, Jan. 17, 2026

--PNB Gilts Oct-Dec net profit INR 539.06 mln vs loss INR 101.15 mln year ago
--PNB Gilts Oct-Dec revenue INR 4.25 bln vs INR 3.62 bln year ago
--PNB Gilts Apr-Dec net profit INR 1.69 bln vs INR 1.58 bln year ago
--PNB Gilts Apr-Dec revenue INR 12.76 bln vs INR 12.57 bln year ago

By Cassandra Carvalho

MUMBAI – PNB Gilts Ltd. Saturday posted a net profit for the quarter ended December, despite a rise in government bond yields in the same period, after reporting a net loss in the previous quarter. The company posted an on-year revenue growth in high teens for the December quarter, while the metric fell on a sequential basis.

The primary bond dealership reported a net profit of INR 539.06 million for the December quarter, against a net loss of INR 101.15 million in the year-ago period. In the quarter ended September, the company had reported a net loss of INR 453.53 million. The total income of the company rose 17% on year in Oct-Dec, largely driven by a 17% rise in interest income. However, total income fell 4% sequentially.

The company reported a total income of INR 4.25 billion for the December quarter and an interest income of INR 4.22 billion. The primary dealer's fees and commission income rose 9.5% on year and 26% sequentially to INR 24.69 million. The company's net loss on securities--realised and unrealized--was INR 148.25 million, down 68% on year and 89% sequentially.

PNB Gilts reported a one-time income of INR 9.22 million due to amounts derecognised from account books for non-recovery. In the December quarter, the company received INR 7.00 million on account of money lent to Madhavpura Mercantile Cooperative Bank and INR 2.22 million from SREI Equipment Finance Ltd.

Total expenses of the company fell 4.6% on year to INR 3.58 billion. On quarter, the expenditure fell 28%. Finance costs rose 3.8% on year to INR 3.27 billion. Finance costs made up 91% of total expenses.

For the nine months ended December, the company posted a net profit of INR 1.69 billion, slightly higher than INR 1.58 billion in the year-ago period. In the same period, the primary dealership reported a revenue of INR 12.76 billion, marginally up from INR 12.57 billion a year ago. On Friday, shares of PNB Gilts ended at INR 80.74 on the National Stock Exchange, up 1%.  End

Edited by Ashish Shirke

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