PNB Gilts Limited posted strong earnings for the quarter ended June 30, 2025 (Q1 FY26), as net profit more than tripled on the back of higher interest income and gains on securities.
The company reported a net profit of ₹160 crore, registering a 199% year-on-year (YoY) growth, compared to ₹53.4 crore in the same quarter of last year.
Total revenue from operations jumped 28% YoY to ₹563.4 crore, up from ₹440.3 crore in Q1 FY25, driven primarily by higher interest income and substantial gains on securities. Interest income for the quarter stood at ₹403.9 crore while net gain on securities rose significantly to ₹156.7 crore from ₹31.2 crore a year ago.
Operating expenses came in at ₹350.4 crore, marginally lower as a percentage of revenue, supporting profitability. Profit before tax (before exceptional items) increased to ₹213 crore from ₹70.9 crore in Q1 FY25.
PNB Gilts, a primary dealer in government securities, continues to benefit from active trading in the bond market and favourable yields, which contributed to the strong quarterly performance.
