GNG Electronics Limited has informed the Exchange regarding a press release dated August 20, 2025, titled "GNG Electronics Limited reports robust Q1 FY26 performance; Delivers healthy growth and strengthens balance sheet".
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Awaiting price reaction for this filing.
GNG Electronics, India's largest refurbisher of laptops and desktops, reported strong Q1 FY26 results. Revenue grew 22.31% year-on-year to ₹312.28 crore from ₹255.31 crore. EBITDA rose 27.9% YoY to ₹35.17 crore with margins improving to 11.3% (vs 10.8% in Q1 FY25 and 6.8% in Q4 FY25). Profit after tax surged 52.4% YoY to ₹18.52 crore, also up 25.6% quarter-on-quarter, with PAT margins expanding to 5.94%. Gross margins improved to 21.4% from 20.2% YoY, reflecting better realizations and operating leverage. The company refurbished 5.91 lakh devices in FY25 across five facilities in India, UAE, and USA, serving 4,154 customers with 5,840 SKUs.
Positive for shareholders — broad-based growth across revenue, margins, and profitability signals strong business momentum. PAT growth significantly outpacing revenue growth indicates improving operating efficiency, which should be well-received by the market.