GNG Electronics Limited has informed the Exchange regarding a press release dated May 05, 2026, titled "FY26 Earnings Release".
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GNG Electronics Limited reported strong financial results for FY26, with revenue growing 34% YoY to ₹1,891.1 crore. EBITDA rose 58.9% to ₹200.5 crore with margins expanding 166 basis points to 10.6%. Profit after tax nearly doubled, up 91.2% to ₹132.0 crore with PAT margins improving to 7.0%. Q4 FY26 showed even stronger momentum, with revenue up 43% YoY at ₹651.7 crore and PAT nearly tripling to ₹42.1 crore. The company, India's largest refurbisher of laptops and desktops, attributed the performance to strong execution and favourable industry conditions driven by AI adoption and supply constraints in new hardware. ROE moderated to 26.8% from 35% due to expanded equity base post-IPO.
The results demonstrate robust operational performance with significant margin expansion and profit growth well ahead of expectations. The strong Q4 showing with near-tripling of PAT suggests accelerating momentum. Positive commentary on AI-driven demand tailwinds and strong inventory position may support a bullish outlook for the stock, though the moderated ROE from IPO-related equity expansion warrants monitoring.