Financial Performance Summary

GNG Electronics Limited reported unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27).

Key Financial Metrics:

| Metric | Q1 FY27 | Q1 FY26 | YoY Change |

| Revenue from Operations | ₹412.5 Cr | ₹312.3 Cr | +32.1% |

| EBITDA | ₹52.9 Cr | ₹35.2 Cr | +50.4% |

| EBITDA Margin | 12.8% | 11.3% | +156 bps |

| Profit After Tax (PAT) | ₹28.9 Cr | ₹18.5 Cr | +56.2% |

| PAT Margin | 7.0% | 5.9% | +108 bps |

| EPS | ₹2.54 | ₹1.91 | +33.0% (calculated) |

Performance Drivers and Business Highlights

Operational Performance:

  • The company achieved significant growth across all key financial parameters
  • EBITDA margin expansion of 156 basis points YoY to 12.8%
  • PAT margin expansion of 108 basis points YoY to 7.0%

Business Expansion:

  • Expanded global presence to 49 countries
  • Increased customer touchpoints to over 5,100
  • Further diversified supplier base
  • Refurbished nearly 5.9 lakh devices in FY25 (historical context)
  • Portfolio of 5,840 SKUs including laptops, desktops, tablets, servers, premium smartphones, workstations, and accessories

Strategic Initiatives:

  • Deepened engagement with channel partners through dealer meets across India
  • Launched EB Elite Program to strengthen distribution ecosystem
  • Formed strategic partnership with Redington Limited to expand reach across India's organized technology distribution network

Management Commentary

Mr. Sharad Khandelwal, Managing Director, commented on the results:

  • The global ICT industry is witnessing a structural shift towards professionally refurbished computing solutions
  • Growth driven by increasing enterprise adoption, cost optimization, and sustainability initiatives
  • The company started FY27 on a strong note with 32% YoY revenue growth
  • Business model resilience and disciplined execution contributed to margin improvement
  • The company remains confident in the long-term opportunity for the refurbished ICT industry
  • Well positioned to capitalize on structural opportunity due to integrated global platform, expanding distribution ecosystem, and strong execution capabilities
  • Committed to delivering sustainable growth, improving profitability, and creating long-term value for stakeholders

Company Background

GNG Electronics Limited is:

  • India's largest refurbisher of laptops and desktops
  • Among the largest refurbishers of ICT Devices overall, both globally and in India
  • Significant presence across India, USA, Europe, Africa and UAE
  • Follows a repair-over-replacement approach
  • Provides affordable, reliable, and premium ICT devices functionally and aesthetically comparable to new products
  • Offers industry-leading warranties

Forward-Looking Statements

The document contains cautionary statements regarding forward-looking statements, noting they are subject to risks and uncertainties including regulatory changes, local political or economic developments, and other factors that could cause actual results to differ materially from expectations.