PNB Gilts net profit falls 50% in Q1FY27
PNB Gilts reported a 50% decline in net profit to ₹80.70 crore for Q1FY27, down from ₹160.07 crore in the prior year. Revenue from operations decreased to ₹454.56 crore, driven by a sharp fall in net gains on securities to ₹18.23 crore from ₹156.69 crore. The Board approved the unaudited standalone results on July 16, 2026.
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PNB Gilts reported a 50% decline in net profit for the quarter ended June 30, 2026, falling to ₹80.70 crore from ₹160.07 crore in the same period last year. Revenue from operations decreased to ₹454.56 crore compared to ₹563.27 crore in the corresponding quarter of the previous year. The unaudited standalone financial results were approved by the Board of Directors on July 16, 2026.
Q1 Financial Performance
The company's total income for the quarter stood at ₹454.72 crore, down from ₹563.37 crore in the prior year. Total expenses were reduced to ₹346.53 crore from ₹350.40 crore. Profit before tax for the period was ₹108.26 crore, a significant drop from the ₹213.01 crore reported in the previous year's first quarter.
| Metric | Q1FY27 (₹ in Lacs) | Q1FY26 (₹ in Lacs) |
|---|---|---|
| Revenue from operations | 45,455.99 | 56,326.51 |
| Total income | 45,471.60 | 56,337.27 |
| Total expenses | 34,653.04 | 35,039.71 |
| Net profit | 8,069.80 | 16,007.07 |
Operational Details
Interest income for the quarter was ₹433.45 crore, slightly higher than the ₹403.85 crore recorded in the previous year. The company reported a net gain on securities of ₹18.23 crore, a sharp decrease from the ₹156.69 crore gain seen in the same quarter last year. Finance costs increased to ₹330.76 crore from ₹324.34 crore. Basic and diluted earnings per share for the quarter stood at ₹4.48, compared to ₹8.89 in the corresponding period of the previous year.
Audit and Disclosures
The limited review of the unaudited financial results was conducted by the joint statutory auditors, M/s. Raj Har Gopal & Co., Chartered Accountants and M/s. K. Venkatachalam Aiyer & Co., Chartered Accountants. Exceptional items for the quarter included an amount received from SREI Equipments Finance Limited.
Historical Stock Returns for PNB Gilts
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.95% | +0.64% | -7.78% | +7.52% | -21.36% | +17.93% |
What factors contributed to the sharp decline in net gains on securities compared to the previous year?
How does PNB Gilts plan to manage rising finance costs in the upcoming quarters?
Will the company adjust its investment strategy to mitigate future volatility in securities gains?
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