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PNB Gilts Ltd

| Audited Results – Q4 & FY Ended March 31, 2026

Report Source

⬤20th Apr 26

Summary : PNB Gilts reported strong FY26 results, recommended dividend, and maintained high capital adequacy.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Finance costs: 1,31,245.54 Lacs (FY26)
  2. Fees and commission expense: 2,324.32 Lacs (FY26)
  3. Net loss on securities: 7,069.47 Lacs (FY26)
  4. Employee benefit expenses: 2,612.02 Lacs (FY26)
  5. Depreciation, amortization and impairment: 277.38 Lacs (FY26)
  6. Other expenses: 2,393.35 Lacs (FY26)
  7. Total Expenses: 1,45,922.08 Lacs (FY26)
  8. Interest income: 1,68,903.34 Lacs (FY26)
  9. Dividend income: 18.35 Lacs (FY26)
  10. Fees and commission income: 954.47 Lacs (FY26)
  11. Total Revenue from Operations: 1,69,876.16 Lacs (FY26)
  12. Other income: 29.82 Lacs (FY26)
  13. Total Income: 1,69,905.98 Lacs (FY26)
  14. Net cash used in operating activity: (2,53,975.60) Lacs (FY26)
  15. Net cash used in investing activity: (85.79) Lacs (FY26)
  16. Net cash flow from financing activity: 2,47,877.21 Lacs (FY26)
  17. Net Increase/ (Decrease) in cash and cash equivalents: (6,184.17) Lacs (FY26)
  18. Cash and cash equivalent at period end: 44.48 Lacs (as of March 31, 2026)
  19. Total Assets: 27,06,044.25 Lacs (as of March 31, 2026)
  20. Total Liabilities: 25,35,332.27 Lacs (as of March 31, 2026)
  21. Equity Share Capital: 18,001.01 Lacs (as of March 31, 2026)
  22. Other Equity: 1,52,956.42 Lacs (as of March 31, 2026)
  23. Investments: 23,31,421.17 Lacs (as of March 31, 2026)
  24. Borrowings (other than debt securities): 24,88,029.29 Lacs (as of March 31, 2026)
  25. Standalone (Company has no subsidiary/associate/joint venture)

Corporate Overview

  1. India (New Delhi based)
  2. Subsidiary of Punjab National Bank
  3. Facilitating Trading in Securities and other related ancillary Services
  4. Primary Dealer operations
  5. Formal and compliant, focused on regulatory reporting and financial performance disclosure.
  6. Interest income
  7. Dividend income
  8. Fees and commission income
  9. Net gain on securities (Realised & Unrealised)

Risk Factors

  1. No specific risks highlighted.
  2. Market interest rate volatility.
  3. Regulatory changes impact business.
  4. Recoveries from past write-offs.

Key Drivers

  1. Unmodified audit opinion received.
  2. Strong capital adequacy ratio.
  3. Final dividend recommended.
  4. Net owned funds increased significantly.

Auditor’s Report

  1. Unmodified opinion
  2. Audit of financial results for quarter and year ended March 31, 2026.
  3. Ensuring true and fair view of net profit and financial information.

Board Commentary

  1. Recommended final dividend of ₹2 per equity share (20% of face value) for FY 2025-26, subject to members' approval at AGM.
  2. Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Governance

  1. Auditors complied with ICAI Code of Ethics.
  2. Auditors confirmed compliance with ethical requirements and independence.
  3. Audit Committee recommended financial results to the Board.

Management Discussion & Analysis

Operational Focus Areas

  1. Compliance with SEBI Listing Regulations
  2. Accurate financial reporting

Performance Drivers

  1. Interest income from securities trading
  2. Net gains from securities (realized and unrealized)