PNB Gilts Reports Significant Drop in Q4 Profit Amid Rising Expenses
PNB Gilts clocks PAT of Rs 12.99 crore in Q4
Business Standard
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PNB Gilts reported a 82.68% decline in net profit to ₹12.99 crore for Q4 FY26, down from ₹75.01 crore in Q4 FY25. Total revenue increased by 1.27% year-on-year to ₹424.11 crore, while expenses surged by 28.3% due to losses on securities.
- 01Net profit fell by 82.68% to ₹12.99 crore in Q4 FY26.
- 02Total revenue rose by 1.27% year-on-year to ₹424.11 crore.
- 03Total expenses increased by 28.3% to ₹410.22 crore.
- 04Profit before tax dropped by 85.72% to ₹14.16 crore.
- 05For FY26, net profit decreased by 22.06% to ₹181.62 crore.
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PNB Gilts, a key player in the Indian government securities market, reported a staggering 82.68% drop in net profit for the fourth quarter of FY26, amounting to ₹12.99 crore, compared to ₹75.01 crore in the same quarter of the previous fiscal year. The company's total revenue from operations increased slightly by 1.27% year-on-year to reach ₹424.11 crore. However, total expenses surged by 28.3% to ₹410.22 crore, primarily due to a significant loss on securities amounting to ₹72.52 crore. Consequently, profit before tax fell sharply by 85.72% to ₹14.16 crore. For the entire fiscal year, PNB Gilts reported a net profit of ₹181.62 crore, down 22.06% year-on-year, while total revenue increased by 11.72% to ₹1,689.03 crore. The company's stock closed down by 0.98% at ₹74.41 on the Bombay Stock Exchange (BSE).
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The significant drop in net profit may affect investor confidence and could lead to tighter financial conditions for PNB Gilts, potentially impacting their ability to offer competitive rates on government securities.
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