PNB Gilts Q2 Results FY27 Preview: Results Date, Expectations and the Numbers That Will Decide the September 2026 Quarter

The PNB Gilts Q2 results FY27 announcement is the next scheduled earnings event for PNB Gilts Ltd., a primary dealer in government securities, underwriting and trading central and state government bonds and treasury bills alongside a corporate bond and money market book, majority owned by Punjab National Bank. The stock traded at Rs 79.34 on the NSE on 11 September 2026, down 1.27% from the previous close of Rs 80.36, about 25.2% below its 52-week high of Rs 106.00 and 35.4% above its 52-week low of Rs 58.60.

What makes the PNB Gilts Q2 results print worth watching is the base it faces. The September 2025 quarter delivered Rs 443.00 crore of revenue and a loss of Rs 45.00 crore, while the most recent quarter on record, Q1 FY27, produced Rs 455.00 crore and a profit of Rs 81.00 crore. Everything below is built from those reported figures rather than from any forecast.

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When Is the PNB Gilts Q2 Results FY27 Date?

The PNB Gilts Q2 results date for FY27 is not confirmed. As of 11 September 2026, PNB Gilts Ltd. had not filed a board meeting intimation with the NSE or BSE for the September 2026 quarter, so any date circulating before that filing appears should be treated as unverified.

What can be stated is the regulatory boundary. Listed companies in India must publish quarterly results within 45 days of the end of the quarter, which places the outer deadline for the September 2026 quarter at 14 November 2026. Companies also have to give the exchanges prior intimation of the board meeting that approves the results, so the PNB Gilts Q2 results date becomes public through that filing rather than through any advance announcement.

The PNB Gilts Q2 results FY27 print covers 1 July 2026 to 30 September 2026. Small and mid-cap companies more often report in the second half of that window than in the first, so late October or early November is the range to watch for PNB Gilts.

PNB Gilts Q2 Results Expectations: What the Market Is Actually Tracking

No verified analyst estimate for the PNB Gilts Q2 results FY27 quarter is in the public domain, so no revenue or profit figure should be assumed for PNB Gilts. The PNB Gilts Q2 results watchlist below is built from what the company has actually reported and disclosed.

The first is total income, which was Rs 443 crore in September 2025 against Rs 455 crore in Q1 FY27, a rise of about 3%. Income has been close to flat across the window in a Rs 424 crore to Rs 563 crore band, so the bottom line swings come from costs and valuation rather than from volume.

The second is the September 2025 base itself, which was a loss quarter. Pre tax profit was negative Rs 53 crore and the reported net loss was Rs 45 crore, because a tax credit of roughly Rs 8 crore made the net figure smaller than the pre tax one. Expenses jumped to Rs 152 crore from Rs 26 crore in the quarter before.

The third is how far the bottom line travels on flat income. Net profit ran Rs 160 crore, negative Rs 45 crore, Rs 54 crore, Rs 13 crore and Rs 81 crore, a Rs 205 crore spread between the best and worst quarter while income moved by under a third.

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PNB Gilts Q2 Results Preview: The Q1 FY27 Actuals It Builds On

PNB Gilts Ltd. reported revenue of Rs 455.00 crore in Q1 FY27, down 19.18% from Rs 563.00 crore in Q1 FY26, and a profit of Rs 81.00 crore at the net level, down 49.38% from Rs 160.00 crore in Q1 FY26. These are reported actuals, not estimates.

Sequentially, revenue was up 7.31% over the March 2026 quarter figure of Rs 424.00 crore, and net profit was up 523.08% from Rs 13.00 crore in Q4 FY26. An operating margin percentage does not describe this business. Screener renders a primary dealer on the ordinary manufacturing layout, so the 66% to 97% margin it prints is a bond dealing figure with interest cost of roughly Rs 324 crore to Rs 345 crore a quarter sitting below the line rather than inside it. Trading income against funding cost carries the information instead.

Q2 FY26 Base: The Comparison PNB Gilts Q2 Results FY27 Must Beat

PNB Gilts Ltd. reported revenue of Rs 443.00 crore and a loss of Rs 45.00 crore in Q2 FY26, the September 2025 quarter. That is the year-ago base against which the September 2026 numbers will be judged, and it is the single most useful figure in this PNB Gilts Q2 results preview.

Because the base quarter itself was loss-making, a year-on-year percentage comparison of profit is not meaningful for PNB Gilts. The more useful test in the PNB Gilts Q2 results print is whether the company reports a profit at all, and how the income line of Rs 443.00 crore compares with the Rs 455.00 crore of the June 2026 quarter.

PNB Gilts Quarterly Results Trend Over the Last Four Quarters

Quarter	Revenue (Rs Cr)	Net Profit (Rs Cr)
Q2 FY26 (Sep 2025)	443.00	(45.00)
Q3 FY26 (Dec 2025)	425.00	54.00
Q4 FY26 (Mar 2026)	424.00	13.00
Q1 FY27 (Jun 2026)	455.00	81.00

Figures in brackets denote negative numbers. All four quarters above are reported actuals taken from the company's exchange filings, and they are the only basis this PNB Gilts Q2 results preview uses.

Revenue across those four quarters ranged from Rs 424.00 crore to Rs 455.00 crore, and net profit from Rs 45.00 crore loss to Rs 81.00 crore. That spread is the honest context for the PNB Gilts Q2 results FY27 print, and it is why a single quarter should not be read as a trend on its own.

Key Factors That Could Shape PNB Gilts Q2 Results FY27

The PNB Gilts Q2 results outcome will turn on a small number of company-specific variables rather than on broad market conditions. The three below are the ones visible in what PNB Gilts has already reported.

Bond Yields Decide the Quarter

A primary dealer holds a large government securities book funded mostly by short term borrowing, so mark to market gains and losses follow the yield curve. Falling yields lift the book and rising yields do the reverse, which is why the expense line moved from Rs 15 crore to Rs 152 crore inside five quarters.

The Funding Book Is Very Large

Borrowings of Rs 24,884 crore sit against equity capital of Rs 180 crore and reserves of Rs 1,530 crore, about fifteen times net worth. That is normal for a primary dealer, but it means small changes in the spread between securities yield and funding cost move reported profit a long way.

The Tax Line Has Been Erratic

Effective rates were 25%, negative 15%, 20%, 8% and 25% across the five quarters. The 8% in March 2026 meant roughly Rs 1 crore of tax on Rs 14 crore of pre tax profit, so the reported Rs 13 crore for that quarter is not a normally taxed number.

PNB Gilts Q2 Results FY27: Share Price and Valuation Going Into the Print

PNB Gilts share price today is Rs 79.34 on the NSE, down Rs 1.02 or 1.27% from the previous close of Rs 80.36 on 11 September 2026, ahead of the PNB Gilts Q2 results announcement.

Metric	Value (11 September 2026)
NSE Symbol	PNBGILTS
Current Market Price	Rs 79.34
52-Week High	Rs 106.00
52-Week Low	Rs 58.60
Market Capitalisation	Rs 1,426 crore
PE Ratio	14.11
PB Ratio	0.84
EPS (TTM)	Rs 5.62
Book Value per Share	Rs 95.00
Debt to Equity	14.55
Return on Equity	11.1%
50-Day Moving Average	Rs 82.67
200-Day Moving Average	Rs 79.79
RSI (14)	53.19

The stock trades below both its 50-day average of Rs 82.67 and its 200-day average of Rs 79.79, with a 14-day RSI of 53.19. None of this is a view on where the shares go once the PNB Gilts Q2 results are announced, and no price target is offered here.

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What Investors Should Watch When PNB Gilts Q2 Results Are Announced

Four lines carry most of the information in a company of this size, and reading them in order keeps the PNB Gilts Q2 results print in proportion.

1. Revenue against the Rs 443.00 crore reported in the September 2025 base quarter
2. Net profit against a loss of Rs 45.00 crore in that same quarter
3. Income from government securities dealing against funding cost, since the printed margin percentage is a bond trading figure with interest below the line
4. Any exceptional item, provision or one-off gain disclosed alongside the numbers

A one-off gain or provision can move the reported profit far more than operations do in a company this size, which is why the PNB Gilts Q2 results announcement should be read together with the notes to the results rather than the headline alone.

Conclusion on PNB Gilts Q2 Results FY27

The PNB Gilts Q2 results date is not confirmed, and 14 November 2026 is the statutory outer limit rather than an expected date. PNB Gilts Ltd. will make the schedule public through a board meeting intimation to the exchanges, and until then the September 2026 quarter can only be framed by what has already been reported.

On that basis the PNB Gilts Q2 results FY27 print faces a base of Rs 443.00 crore in revenue and a loss of Rs 45.00 crore, with the most recent quarter having delivered Rs 455.00 crore and a profit of Rs 81.00 crore. No numerical estimate appears in this preview because no verified consensus figure exists for PNB Gilts, and readers should treat any preview that supplies one with caution. Verify every figure against the company filing on release and consult a SEBI-registered advisor before acting on quarterly earnings.

FAQs on PNB Gilts Q2 Results FY27

What is the PNB Gilts Q2 results date for FY27?

Ans. The PNB Gilts Q2 results date for FY27 is not confirmed. PNB Gilts Ltd. had not filed a board meeting intimation with the NSE or BSE as of 11 September 2026. Indian listing rules require the September 2026 quarter results to be published by 14 November 2026 at the latest.

What quarter do the PNB Gilts Q2 results 2026 cover?

Ans. The PNB Gilts Q2 results FY27 cover 1 July 2026 to 30 September 2026, known as the September 2026 quarter. PNB Gilts Ltd. reports revenue, operating profit and net profit for that period, and the PNB Gilts Q2 results filing also carries the notes to the accounts.

What were the PNB Gilts Q1 FY27 results?

Ans. PNB Gilts Ltd. reported revenue of Rs 455.00 crore in Q1 FY27 and a profit of Rs 81.00 crore at the net level. Revenue was down 19.18% versus Q1 FY26 and net profit was down 49.38% from Rs 160.00 crore in Q1 FY26.

What were PNB Gilts Q2 FY26 results in the September 2025 quarter?

Ans. PNB Gilts Ltd. reported revenue of Rs 443.00 crore and a loss of Rs 45.00 crore in Q2 FY26. Those figures form the base for the PNB Gilts Q2 results FY27 comparison.

What are the main PNB Gilts Q2 results expectations this quarter?

Ans. No verified analyst estimate is publicly available. The PNB Gilts Q2 results expectations centre on revenue against the Rs 443.00 crore base, net profit against a loss of Rs 45.00 crore, and any exceptional item disclosed with the numbers.

What is PNB Gilts share price today ahead of the Q2 earnings?

Ans. PNB Gilts share price is Rs 79.34 on the NSE as of 11 September 2026, down 1.27% from Rs 80.36. The stock is about 25.2% below its 52-week high of Rs 106.00 and 35.4% above its 52-week low of Rs 58.60, at a market capitalisation of Rs 1,426 crore.

Is PNB Gilts a good stock to buy before the Q2 results?

Ans. This article does not offer a buy, sell or hold recommendation on PNB Gilts Ltd. The stock trades at a price-to-book ratio of 0.84 with a return on equity of 11.1%. Assess the reported numbers when they are released and consult a SEBI-registered financial advisor before making any decision.