PNB Gilts reported a standalone net profit of ₹44.8 crore for the second quarter of FY27 (Q2FY27), marking a significant turnaround from a loss of ₹45.4 crore recorded in the corresponding period last year.

Revenue from operations for the quarter stood at ₹436.3 crore, compared to ₹443.4 crore in Q2FY26. The company achieved profitability despite the marginal decline in top-line figures, driven by lower fair value losses compared to the previous year.

Financial performance overview

The following table summarizes the key financial metrics for Q2FY27 and the half-year period:

Half-year results

For the six months ended September 30, 2026 (H1FY27), PNB Gilts clocked a net profit of ₹125.5 crore, up 9.4% from ₹114.7 crore in H1FY26. Total revenue from operations for the half-year increased to ₹873.2 crore from ₹866.6 crore in the year-ago period.

What the numbers show

The shift from a substantial loss to a positive bottom line indicates improved operational efficiency or cost management, as this profit was generated alongside slightly lower revenue. The swing of nearly ₹900 million (₹90 crore) in net income highlights a decisive reversal in quarterly performance. Notably, finance costs remained stable at ₹342.2 crore in Q2FY27 versus ₹345.1 crore in Q2FY26, suggesting that the turnaround was primarily driven by the absence of the massive ₹140 crore net loss on fair value changes seen in the prior year's quarter.

PNB Gilts Ltd announced that the Reserve Bank of India (RBI) has approved the appointment of Sh. Amit Kumar Srivastava as a Director (Non-Executive & Non-Independent) and Chairman of the Board of Directors, effective October 9, 2026.

The approval follows shareholder consent granted at the company's 30th Annual General Meeting held on September 28, 2026. The RBI conveyed its approval via communication dated October 9, 2026, completing the regulatory requirements for the appointment.

Appointment details and tenure

Sh. Amit Kumar Srivastava currently serves as Executive Director at Punjab National Bank (PNB). His appointment to the PNB Gilts board is subject to specific tenure conditions outlined in the filing.

Regulatory compliance

The appointment was initially recommended by the Nomination and Remuneration Committee and approved by the Board of Directors, subject to both shareholder and RBI approvals. The final effective date was determined by the later of the two approvals received.

Sh. Amit Kumar Srivastava will serve as Chairman from the date of receipt of the RBI approval. His tenure will continue for a period not exceeding five years, or until the date he ceases to hold the position of Executive Director in PNB, or until further orders from the Government of India, whichever occurs first.