PNB Gilts turns profitable as shares surge nearly 12%

what happened

Shares of PNB Gilts Ltd. jumped nearly 12% on Tuesday, October 13, after the company reported a return to profit for the September quarter. According to cnbctv18.com, net profit reached ₹44.84 crore in Q2FY27, compared with a net loss of ₹45.35 crore in the same quarter last year. Profit before tax was ₹60.24 crore, versus a loss of ₹53.24 crore in Q2FY26.

Revenue from operations fell 1.6% year on year to ₹436.3 crore from ₹443.4 crore. On a sequential basis, net profit declined 44.4% from ₹80.70 crore, while total income dropped 4% quarter on quarter to ₹436.59 crore. Net interest income stood at ₹92.17 crore, compared with ₹102.69 crore in the previous quarter and ₹96.24 crore a year earlier.

PNB Gilts recorded a ₹17.71 crore loss from fair-value changes during the quarter, following a ₹18.23 crore gain in Q1 FY27. In Q2 FY26, the company had reported a ₹140.03 crore loss on fair-value changes. For the first half of FY27, net profit rose about 9.4% to ₹125.53 crore, while total income increased to ₹873.60 crore.

PNB Gilts is a standalone primary dealer operating in government securities and fixed-income markets. The stock reached an intraday high of ₹79 after the results were released and was later trading 7.8% higher at ₹76.2. It remained down more than 6% year to date.

why it matters

The figures mark a return to quarterly profitability from a year-earlier loss, although earnings declined sequentially and fair-value movements weighed on the period. As a government-securities and fixed-income market participant, PNB Gilts’ income is exposed to interest-rate cycles and market conditions.

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