PNB Gilts Ltd Share Price – NSE /  BSE

Finance, Small Cap

Goel mentioned personal reasons for his resignation and will be relieved of his duties at the close of business hours on 23 December 2024. The company's board of directors has accepted his resignation with immediate effect.

The official announcement was made after market hours on 16 December 2024.

PNB Gilts primary activities entail supporting government borrowing programs via the underwriting of government securities issuances and trade in a gamut of fixed-income instruments such as government securities, treasury bills, state development loans, corporate bonds, interest rate swaps, and various money market instruments such as certificates of deposits, commercial papers etc.

PNB Gilts tumbled 16.45% to Rs 82.12 after the company reported a net loss of Rs 41.12 crore in Q2 FY24 as against net loss of Rs 7.85 crore reported in Q2 FY23. Revenue from operations increased 2.16% YoY to Rs 346.81 crore in Q2 FY24.

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Net profit of PNB Gilts reported to Rs 114.68 crore in the quarter ended September 2024 as against net loss of Rs 41.12 crore during the previous quarter ended September 2023. Sales rose 44.39% to Rs 500.76 crore in the quarter ended September 2024 as against Rs 346.81 crore during the previous quarter ended September 2023.

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PNB Gilts will hold a meeting of the Board of Directors of the Company on 24 October 2024.

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CRISIL Ratings stated that the rating continues to reflect the expectation of strong support from the parent, Punjab National Bank.

The rating also factors in healthy capitalisation and strong liquidity. These rating strengths are partially offset by volatility in earnings because of inherent susceptibility to movement in interest rates and lack of diversity in revenue.

PNB Gilts bids at auctions of G-Secs and infuses liquidity in the secondary market. It also offers debt capital market (DCM) services. As part of its DCM business, it acts as an arranger or lead manager for private placement of debt by corporate entities and public sector units.

The scrip rose 0.98% to currently trade at Rs 124.15 on the BSE.

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