Financial Performance Summary

GNG Electronics Limited announced its unaudited financial results for the quarter ended September 30, 2026 (Q2 FY27).

Key Financial Metrics (Consolidated):

| Particulars (INR Cr) | Q2 FY27 | Q2 FY26 | YoY Growth | H1 FY27 | H1 FY26 | H1 YoY Growth |

| Revenue from operations | 624.8 | 439.9 | 42.0% | 1,037.3 | 752.2 | 37.9% |

| EBITDA | 93.9 | 46.8 | 100.7% | 146.8 | 81.9 | 79.1% |

| EBITDA Margins | 15.0% | 10.6% | +439 bps | 14.2% | 10.9% | +326 bps |

| PAT | 56.4 | 32.7 | 72.5% | 85.3 | 51.2 | 66.6% |

| PAT Margins | 9.0% | 7.4% | +159 bps | 8.2% | 6.8% | +140 bps |

| EPS Basic | 4.94 | 2.86 | - | 7.48 | 4.49 | - |

Performance Analysis

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Revenue from Operations increased by 42.0% YoY to ₹624.8 Crore
  • EBITDA more than doubled, growing by 100.7% YoY to ₹93.9 Crore
  • EBITDA Margins expanded significantly by 439 basis points to 15.0%
  • Profit After Tax increased by 72.5% YoY to ₹56.4 Crore
  • PAT Margins improved by 159 basis points to 9.0%

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Revenue from Operations grew by 37.9% YoY to ₹1,037.3 Crore
  • EBITDA increased by 79.1% YoY to ₹146.8 Crore
  • EBITDA Margins expanded by 326 basis points to 14.2%
  • PAT grew by 66.6% YoY to ₹85.3 Crore
  • PAT Margins improved by 140 basis points to 8.2%

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
  • This shift is driven by rising device prices, supply constraints, and increasing focus on affordability and sustainability
  • Gross margin expanded by 515 bps to 25% in Q2 FY27 (though gross margin figures were not provided in the table)
  • For H1 FY27, gross margin improved by 438 bps to 25%

Operational Highlights

During Q2 FY27, the company:

  • Expanded presence to 55 countries
  • Increased customer touchpoints to 5,542
  • Grew supplier base to 820
  • Strengthened distribution ecosystem through dealer engagements across India
  • Expanded the EB Elite Program to 152 partners
  • Inaugurated first exclusive Electronics Bazaar store for SMB customers in Jaipur

Business Overview

GNG Electronics Limited is India's largest refurbisher of laptops and desktops and among the largest refurbishers of ICT Devices overall, both globally and in India. The company has significant presence across India, USA, Europe, Africa and UAE. Key aspects:

  • Follows a repair-over-replacement approach
  • Provides affordable, reliable, and premium ICT devices comparable to new products
  • Offers industry-leading warranties
  • Refurbished nearly 7.3 lakh devices in FY26

Forward Outlook

The company remains confident in the long-term growth opportunity for the refurbished ICT industry. Backed by their integrated global platform, strong sourcing capabilities and expanding distribution network, they believe they are well positioned to capitalize on the growing demand for affordable, reliable and sustainable computing solutions.

Cautionary Statement

The document includes standard forward-looking statements caution about risks and uncertainties including regulatory changes, local political or economic developments, and other factors that could cause actual results to differ materially from forward-looking statements.