Total revenue from operations jumped 88.9% to Rs 276.07 crore in Q4 FY20 over Q4 FY19. The company's interest income grew 44.9% to Rs 208.42 crore during the quarter. Net gain on securities surged to Rs 66.27 crore in Q4 FY20 as against Rs 1.58 crore in Q4 FY19.

Profit before tax stood at Rs 132.06 crore in the fourth quarter, soaring 487.72% from Rs 22.47 crore in the corresponding period last year. Current tax expenses were at Rs 33.15 crore in Q4 FY20 as against Rs 3.66 crore in Q4 FY19.

PNB Gilts trades in government dated securities, treasury bills, bonds of sector enterprises, government guaranteed bonds, and state government securities. The company also deals with money market operations, including call/notice and term money, short term borrowing, bill discounting, and certificates of deposit.

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Net profit of PNB Gilts reported to Rs 99.01 crore in the quarter ended March 2020 as against net loss of Rs 7.70 crore during the previous quarter ended March 2019. Sales rose 88.84% to Rs 276.07 crore in the quarter ended March 2020 as against Rs 146.19 crore during the previous quarter ended March 2019.

For the full year,net profit rose 252.54% to Rs 186.35 crore in the year ended March 2020 as against Rs 52.86 crore during the previous year ended March 2019. Sales rose 73.74% to Rs 882.24 crore in the year ended March 2020 as against Rs 507.79 crore during the previous year ended March 2019.

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PNB Gilts will hold a meeting of the Board of Directors of the Company on 4 June 2020.

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PNB Gilts announced that ICRA has re-affirmed the credit rating of [ICRA] Al+ (pronounced as ICRA A one plus) as assigned to Rs. 500crore Commercial paper (CP) programme of PNB Gilts (the Company). The prescribed rating is valid till 10 August 2021 (Validity Period).

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