Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of PNB Gilts
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 310 | 443 | 347 | 385 | 474 | 440 | 501 | 362 | 419 | 563 | 443 | 425 | 424 |
| Expenses + | 18 | 13 | 67 | 34 | 13 | 14 | 12 | 59 | 12 | 26 | 152 | 30 | 93 |
| Operating Profit | 292 | 430 | 280 | 351 | 461 | 426 | 488 | 303 | 407 | 538 | 292 | 394 | 331 |
| OPM % | 94% | 97% | 81% | 91% | 97% | 97% | 98% | 84% | 97% | 95% | 66% | 93% | 78% |
| Other Income + | 7 | 0 | 0 | 4 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 1 | 0 |
| Interest | 280 | 354 | 325 | 361 | 371 | 355 | 336 | 315 | 307 | 324 | 345 | 327 | 316 |
| Depreciation | 1 | 4 | 4 | 4 | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 18 | 72 | -49 | -10 | 86 | 71 | 153 | -12 | 99 | 213 | -53 | 68 | 14 |
| Tax % | 25% | 19% | -16% | 47% | 21% | 25% | 25% | -13% | 24% | 25% | -15% | 20% | 8% |
| Net Profit + | 13 | 58 | -41 | -15 | 68 | 53 | 115 | -10 | 75 | 160 | -45 | 54 | 13 |
| EPS in Rs | 0.75 | 3.21 | -2.28 | -0.86 | 3.78 | 2.97 | 6.37 | -0.56 | 4.17 | 8.89 | -2.52 | 2.99 | 0.72 |
Financials of PNB Gilts
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 410 | 343 | 500 | 402 | 508 | 882 | 1,052 | 756 | 1,230 | 1,577 | 1,676 | 1,699 |
| Expenses + | 16 | 16 | 18 | 70 | 21 | 31 | 32 | 43 | 349 | 55 | 52 | 144 |
| Operating Profit | 394 | 327 | 482 | 332 | 487 | 851 | 1,020 | 714 | 881 | 1,522 | 1,624 | 1,555 |
| OPM % | 96% | 95% | 96% | 83% | 96% | 96% | 97% | 94% | 72% | 97% | 97% | 92% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | -81 | -9 | 8 | 8 | 4 | 2 | 2 |
| Interest | 261 | 276 | 226 | 331 | 403 | 519 | 395 | 510 | 973 | 1,411 | 1,312 | 1,312 |
| Depreciation | 1 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 15 | 3 | 3 |
| Profit before tax | 133 | 51 | 257 | 1 | 83 | 250 | 614 | 210 | -85 | 99 | 311 | 242 |
| Tax % | 33% | 33% | 35% | -8% | 36% | 25% | 26% | 21% | -9% | 30% | 25% | 25% |
| Net Profit + | 88 | 34 | 167 | 1 | 53 | 186 | 454 | 166 | -77 | 69 | 233 | 182 |
| EPS in Rs | 4.90 | 1.92 | 9.29 | 0.08 | 2.94 | 10.35 | 25.23 | 9.21 | -4.29 | 3.86 | 12.95 | 10.09 |
| Dividend Payout % | 31% | 57% | 27% | 1,277% | 48% | 29% | 40% | 54% | 0% | 26% | 8% | 20% |
Financials of PNB Gilts
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 |
| Reserves | 541 | 552 | 719 | 677 | 708 | 863 | 1,136 | 1,247 | 1,080 | 1,150 | 1,365 | 1,530 |
| Borrowings + | 3,858 | 4,921 | 3,514 | 4,369 | 8,234 | 12,165 | 9,864 | 14,531 | 19,243 | 22,403 | 22,384 | 24,884 |
| Other Liabilities + | 182 | 119 | 153 | 27 | 400 | 1,051 | 960 | 792 | 994 | 807 | 773 | 467 |
| Total Liabilities | 4,761 | 5,771 | 4,566 | 5,252 | 9,522 | 14,258 | 12,140 | 16,750 | 21,497 | 24,540 | 24,702 | 27,060 |
| Fixed Assets + | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 7 | 7 | 5 | 6 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 0 | 0 | 0 |
| Investments | 328 | 640 | 443 | 4,999 | 8,818 | 12,965 | 10,907 | 15,267 | 18,518 | 23,008 | 23,165 | 23,314 |
| Other Assets + | 4,430 | 5,128 | 4,120 | 251 | 701 | 1,290 | 1,230 | 1,480 | 2,959 | 1,525 | 1,532 | 3,740 |
| Total Assets | 4,761 | 5,771 | 4,566 | 5,252 | 9,522 | 14,258 | 12,140 | 16,750 | 21,497 | 24,540 | 24,702 | 27,060 |
Financials of PNB Gilts
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -366 | -1,088 | 1,213 | -800 | -3,843 | -3,898 | 2,483 | -4,564 | -4,638 | -2,875 | -197 | -2,540 |
| Cash from Investing Activity + | 368 | -313 | 197 | -0 | -0 | -1 | -1 | -1 | -14 | -1 | -1 | -1 |
| Cash from Financing Activity + | 71 | 1,030 | -1,431 | 800 | 3,844 | 3,900 | -2,481 | 4,613 | 4,618 | 3,159 | -38 | 2,479 |
| Net Cash Flow | 74 | -370 | -20 | 0 | -0 | 1 | 1 | 49 | -35 | 283 | -236 | -62 |
| Free Cash Flow | -366 | -1,088 | 1,212 | -800 | -3,844 | -3,899 | 2,482 | -4,564 | -4,653 | -2,876 | -198 | -2,541 |
| CFO/OP | -81% | -328% | 269% | -235% | -785% | -452% | 259% | -631% | -526% | -187% | -8% | -158% |
Financials of PNB Gilts
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -10 | 63 | 319 | 93 | 102 | -136 | 69 | 181 | 129 | 39 | 96 | 145 |
| ROCE % | 9% | 6% | 10% | 7% | 7% | 8% | 8% | 5% | 5% | 7% | 7% | 6% |
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