PNB Gilts posted a Q2FY27 net profit of ₹44.84 crore, a stark turnaround from the ₹45.35 crore loss recorded in the same quarter last year. Revenue from operations dipped 1.6% YoY to ₹436.3 crore, while profit before tax stood at ₹60.24 crore versus a loss of ₹53.24 crore in Q2FY26.
Comparing Q1 to Q2, the company’s profit before tax collapsed 44.4%, falling from ₹108.26 crore to ₹60.24 crore. Net interest income also slid to ₹92.17 crore from ₹102.69 crore, and fair‑value adjustments swung from a ₹18.23 crore gain in Q1 to a ₹17.71 crore loss in Q2.
First‑half FY27 figures show a net profit of ₹125.53 crore, up 9.4% from ₹114.72 crore a year earlier. Total income rose modestly to ₹873.60 crore from ₹866.83 crore, and profit before tax climbed to ₹168.50 crore from ₹159.77 crore.
Market reaction was swift. Shares leapt 12% on the announcement, reaching an intraday peak of ₹79, and are now trading at ₹76.2, up 7.8% from the previous close. Despite the rally, the stock remains roughly 6% below its year‑to‑date high.
No forward guidance was issued in the filing, but analysts note that PNB Gilts will likely continue to be buffeted by interest‑rate cycles and market volatility. The next earnings report is expected in Q3FY27, where investors will be looking for signs of momentum beyond the current turnaround.