PNB Gilts reported net loss of Rs 10.23 crore in the quarter ended March 2007 as against net loss of Rs 10.10 crore during the previous quarter ended March 2006. Sales rose 36.61% to Rs 17.50 crore in the quarter ended March 2007 as against Rs 12.81 crore during the previous quarter ended March 2006.

For the full year, net profit declined 46.12% to Rs 15.97 crore in the year ended March 2007 as against Rs 29.64 crore during the previous year ended March 2006. Sales declined 12.60% to Rs 105.38 crore in the year ended March 2007 as against Rs 120.57 crore during the previous year ended March 2006.