Synopsis:
PNB Gilts reported Q1 FY26 revenue of Rs. 563.3 crore, up 34 percent QoQ and 28 percent YoY. Net profit surged 113 percent QoQ and 200 percent YoY to Rs. 160 crore, despite flat interest income.
During Wednesday’s trading session, shares of a leading primary dealer in the Government Securities Market,undertaking over 90 percent of its operations in G-Secs, jumped nearly 10.4 percent on BSE, following the announcement of Q1 FY26 results with net profit growth of nearly 113 percent QoQ and 200 percent YoY.
At 02:22 p.m., shares of PNB Gilts Limited were trading in the green at Rs. 105.92 on BSE, up by nearly 7 percent, as against its previous closing price of Rs. 98.93, with a market cap of Rs. 1,909.5 crores. The stock has delivered negative returns of more than 21 percent in the last one year, but has gained by about 13 percent in the last one month.
What’s the News
According to the latest regulatory filings on the stock exchanges, PNB Gilts Limited announced the financial results for Q1 FY26 on Wednesday after market hours. For Q1 FY26, PNB Gilts reported a total revenue from operations of Rs. 563.3 crores, marking around a 34 percent QoQ growth compared to Rs. 419 crores in Q4 FY25, and a year-on-year increase of about 28 percent from Rs. 440.3 crores recorded in Q1 FY25.
Meanwhile, its interest income stood at Rs. 404 crores in Q1 FY26, a growth of around 13 percent from Rs. 356.5 crores in Q4 FY25, but a marginal decline of about 1 percent from Rs. 407.6 crores in Q1 FY25.
The company’s net profit for the quarter stood at Rs. 160 crores, reflecting a rise of around 113 percent QoQ compared to Rs. 75 crores in Q4 FY25, and a year-on-year increase of about 200 percent from Rs. 53.4 crores recorded in Q1 FY25.
PNB Gilts Limited holds the License of NBFC by the Reserve Bank of India (RBI) and works as a Standalone Primary Dealer. It is also a subsidiary of one of the largest Indian commercial banks, Punjab National Bank.
The company’s primary activities entail supporting government borrowing programs via underwriting of government securities issuances and trade in a gamut of fixed income instruments such as Government Securities, Treasury Bills, State Development Loans, Corporate Bonds, Interest Rate Swaps and various money market instruments such as Certificates of Deposits, Commercial Papers, etc.
Written by Shivani Singh
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