Shares of PNB Gilts surged nearly 10% on Thursday, July 24, to ₹117.38, extending their rally after the company reported robust Q1 FY26 earnings. The stock had already gained 9% in Wednesday’s session after results were announced during market hours, bringing the two-day jump to 19%.
The company posted a net profit of ₹160 crore for the quarter ended June 30, 2025, marking a 199% year-on-year (YoY) growth compared to ₹53.4 crore in the same quarter last year. The sharp rise in profitability was driven by higher interest income and significantly improved gains on securities.
Revenue from operations rose 28% YoY to ₹563.4 crore from ₹440.3 crore in Q1 FY25. Of this, interest income stood at ₹403.9 crore while net gain on securities soared to ₹156.7 crore from ₹31.2 crore a year ago. Operating expenses were reported at ₹350.4 crore, marginally lower as a percentage of revenue, aiding overall margins.
PNB Gilts, a key player in government securities trading, also saw its profit before tax (excluding exceptional items) rise to ₹213 crore from ₹70.9 crore.
As of 10:10 AM, the stock was trading with a market capitalization of ₹21,140 crore.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.