PNB Gilts Ltd. experienced a significant rebound in its financial performance, reporting a standalone net profit of Rs 44.84 crore for the September quarter of fiscal year 2027. This marks a substantial turnaround from the net loss of Rs 45.35 crore recorded in the corresponding quarter of the previous year.
The positive financial news propelled PNB Gilts shares to jump by 12% in Tuesday's trading session. The stock opened at Rs 70.91 and reached a high of Rs 79.15, reflecting robust investor confidence following the improved results.
Key Financial Highlights for Q2 FY27
- Net Profit: Rs 44.84 crore (compared to a net loss of Rs 45.35 crore in Q2 FY26).
- Profit Before Tax (PBT): Rs 60.24 crore (against a loss before tax of Rs 53.24 crore in Q2 FY26).
- Total Income: Stood at Rs 436.59 crore, a slight decrease from Rs 443.49 crore a year earlier.
- Total Expenses: Declined significantly to Rs 376.53 crore from Rs 497.29 crore in the year-ago period.
Factors Driving the Turnaround
A primary catalyst for PNB Gilts' return to profitability was the sharp reduction in trading-related losses. The company reported a net loss on fair value changes of Rs 17.71 crore in the September quarter, a stark improvement from the Rs 140.03 crore loss recorded in the same period last year. This substantial decrease in fair value losses helped offset the marginal decline in total income, paving the way for the positive bottom line.
Half-Year Performance and Earnings Per Share
For the half-year ended September 30, 2026, PNB Gilts also reported strong growth, with a net profit of Rs 125.53 crore, up from Rs 114.72 crore in the previous year. Profit before tax for the first half rose to Rs 168.50 crore from Rs 159.77 crore, and total income increased to Rs 873.60 crore from Rs 866.83 crore.
Earnings per share (EPS) for the September quarter stood at Rs 2.49, a significant improvement from the loss per share of Rs 2.52 reported in the year-ago quarter. For the first half of FY27, EPS came in at Rs 6.98, compared to Rs 6.37 a year earlier, underscoring the company's improved operational efficiency and financial health.