PNB Gilts net profit at Rs 19 crore in April-June quarter

Total income of the company rose by over 38.2 per cent to Rs 97.98 crore during June quarter 2016-17.

New Delhi:

PNB Gilts, wholly-owned subsidiary of Punjab National Bank, registered net profit of Rs 19.37 crore in April-June quarter of current fiscal. The company had posted a net loss of Rs 32.41 crore in the corresponding quarter of the previous fiscal.

PNB Gilts is one of the leading primary dealers in the government securities market. Total income of the company rose by over 38.2 per cent to Rs 97.98 crore during June quarter 2016-17, up from Rs 70.88 in the same period last fiscal, it said in a regulatory filing.

The earnings per share was at Rs 1.08 for the June quarter of this fiscal, while Rs 0.18 was wiped out per share in the same quarter in the previous fiscal, it said. PNB Gilts is the only listed primary dealer in India with public share holding of 25.93 per cent.