PNB Gilts Ltd Q1 FY26 – The Bond Babu is Back (And He’s Loaded with Gilts)
Date of Publishing -
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1. At a Glance
A government bond dealer that’s suddenly flashing ₹160 crore quarterly profit like it’s Diwali bonus season. Stock at ₹107 with a P/E of just 5.7? Either it’s grossly undervalued or the market thinks bonds are more boring than watching paint dry.
2. Introduction with Hook
Imagine if your fixed deposit developed biceps and started doing Zumba on G-Secs. That’s PNB Gilts for you — the silent nerd from school who now runs a ₹1,924 Cr listed company that basically resells government debt with margins fatter than a wedding buffet.
Q1 FY26 PAT: ₹160 Cr (up 199% YoY)
OPM: A mind-melting 95%. That’s not a typo.
3. Business Model (WTF Do They Even Do?)
PNB Gilts is like that overqualified cousin who trades government securities instead of memes.
Underwrites Govt. securities, T-Bills, SDLs, PSU Bonds, and other acronym-rich instruments.
Trades in G-Secs, Corporate Bonds, and Money Market stuff like CDs and CPs.
Think of them as a wholesaler of Indian debt, flipping paper for profit and advising clients how to avoid sinking like Yes Bank circa 2020.
Basically, a “Gilts Shop” with an NSE listing and a calculator fetish.
