GNG Electronics Limited has informed the Exchange about Transcript
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GNG Electronics reported its best-ever annual performance with Q4 FY26 revenue of INR651.7 crore (up 43% YoY) and full-year revenue of INR1,891 crore (up 34% YoY). PAT nearly tripled in Q4 to INR42.1 crore, while full-year PAT grew 91% to INR132 crore with margin expansion of 209 basis points from 4.9% to 7%. Management guided for FY27 revenue growth of approximately 25% and PAT margin expansion of at least 50 basis points. The company attributed margin expansion to strategic inventory positioning, improved realizations, and favorable industry dynamics driven by AI-led component shortages causing new PC prices to rise 40-57%. Inventory stood at INR743 crore at year-end, and the company now operates in 46 countries with 4,895 touch points. Net debt was reduced from INR466 crore in December 2025 to INR300 crore by March 2026.
Strong execution with margin expansion exceeding guidance signals improving profitability trajectory. The 25% revenue growth guidance for FY27 appears conservative based on industry tailwinds from new PC shortages. Working capital intensity from elevated inventory levels requires monitoring but appears strategically positioned given rising component prices.