GNG Electronics Limited has informed the Exchange regarding the transcript of the Earnings Call with Analysts/Investors held on May 05, 2026
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GNG Electronics delivered record FY26 performance with full-year revenue of INR1,891 crore (34% YoY growth) and PAT of INR132 crore (91% YoY growth). Q4 revenue was INR651.7 crore (43% growth) with EBITDA margin expanding 307 basis points to 9.8%. Management attributed outperformance to strategic inventory positioning ahead of component price rises—memory prices increased 5x in 6 months while new laptop prices rose 40-57%, strengthening the value proposition of refurbished PCs. The company now operates in 46 countries with 4,895 touch points. Strategic partnerships with Ingram Micro and Supertron are in early stages. The UAE facility remains unaffected by regional tensions, with operations running normally via air logistics. FY27 guidance: ~25% revenue growth and ~50 bps PAT margin expansion. Working capital will remain elevated as strategic inventory levels of INR743 crore are maintained.
Strong execution and structural industry tailwinds from component shortages support continued growth. Management's conservative 25% revenue guidance and 50 bps PAT margin expansion target appear achievable given inventory positioning and distribution expansion. The refurbished PC segment is gaining share as new PC prices surge, providing pricing power.