GNG Electronics Limited has informed the Exchange about the outcome of the Board Meeting held on May 05, 2026
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GNG Electronics Limited reported strong audited financial results for FY2026. Consolidated revenue grew 34% to Rs 18,910.75 million from Rs 14,111.10 million in FY2025, while consolidated PAT jumped 91% to Rs 1,320.16 million from Rs 690.33 million. Standalone revenue increased 29% to Rs 9,174.97 million with PAT at Rs 399.26 million, up 114% YoY. The Board also approved appointment of Ms. Ashita Pandya as Internal Auditor for FY2026-27 and issuance of a corporate guarantee of up to AED 20 million in favour of Abu Dhabi Commercial Bank PJSC for banking facilities of its material subsidiary Electronics Bazaar (FZC). Statutory auditors Shankarlal Jain & Associates LLP issued an unmodified opinion on the financial statements.
The company delivered robust double-digit growth in both revenue and profitability for FY2026, driven by expansion across its ICT device business. The corporate guarantee for the UAE subsidiary introduces contingent liability exposure of AED 20 million, though management states no immediate impact on the listed entity other than financial statement disclosure. Cash flow from operations remains negative at Rs 2,153 million (consolidated), indicating working capital pressure.