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Revenue from operations increased by 2.16% YoY to Rs 346.81 crore in Q2 FY24.
The firm reported pre-tax loss of Rs 48.72 crore in Q2 FY24 as compared with pre-tax profit of Rs 0.68 crore in Q2 FY23.
Total expenses rose 16.41% YoY to Rs 395.61 crore during the quarter. In Q2 FY24, Finance costs was at Rs 324.82 crore (up 27.51% YoY) and employee benefits expenses stood at Rs 4.24 crore (up by 259.69 % YoY).
On half yearly basis, the company's net profit stood at Rs 16.75 crore in H1 FY24 as compared with net loss of Rs 96.80 crore in H1 FY23. Revenue from operations jumped 18.3% year on year to Rs 736.86 crore in H1 FY24.
PNB Gilts primary activities entail supporting government borrowing program via 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.
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