GNG Electronics Ltd

On a consolidated basis, the company's net profit surged 41.6% to Rs 32.66 crore on a 24.8% rise in revenue from operations to Rs 439.91 crore in Q2 FY26 over Q2 FY25. Profit before tax climbed 52.9% year on year to Rs 36.12 crore in the quarter ended September 2025. EBITDA stood at Rs 46.8 crore in Q2 FY26, up 30.4% from the Rs 35.9 crore recorded in Q2 FY25. EBITDA margin improved to 10.6% from 10.2%, while PAT margin expanded by 88 bps to 7.4%, reflecting the company's focus on operational efficiency and expansion across key markets. Sharad Khandelwal, managing director, said, 'We are pleased to report another strong quarter, with revenue growing 24.7% YoY and margins improving'EBITDA margin up 46 bps to 10.6% and PAT margin up 88 bps to 7.4%. The growth reflects robust demand for ICT products, an expanding customer base, and a strong presence across India, the UAE, and the USA. Backed by a solid ESG framework and operational excellence, GNG Electronics remains confident of sustaining growth and driving its vision of promoting circular economy practices globally.' GNG Electronics is India's largest refurbisher of laptops and desktops and among the largest refurbishers of ICT devices overall, both globally and in India, with significant presence across India, the USA, Europe, Africa, and the UAE, in terms of value, as of March 31, 2025. The company follows a repair-over-replacement approach to provide affordable, reliable, and premium ICT devices functionally and aesthetically comparable to new products, backed by industry-leading warranties.Powered by Capital Market - Live

On a consolidated basis, the company's net profit surged 41.6% to Rs 32.66 crore on a 24.8% rise in revenue from operations to Rs 439.91 crore in Q2 FY26 over Q2 FY25. Profit before tax climbed 52.9% year on year to Rs 36.12 crore in the quarter ended September 2025. EBITDA stood at Rs 46.8 crore in Q2 FY26, up 30.4% from the Rs 35.9 crore recorded in Q2 FY25. EBITDA margin improved to 10.6% from 10.2%, while PAT margin expanded by 88 bps to 7.4%, reflecting the company's focus on operational efficiency and expansion across key markets. Sharad Khandelwal, managing director, said, 'We are pleased to report another strong quarter, with revenue growing 24.7% YoY and margins improving'EBITDA margin up 46 bps to 10.6% and PAT margin up 88 bps to 7.4%. The growth reflects robust demand for ICT products, an expanding customer base, and a strong presence across India, the UAE, and the USA. Backed by a solid ESG framework and operational excellence, GNG Electronics remains confident of sustaining growth and driving its vision of promoting circular economy practices globally.' GNG Electronics is India's largest refurbisher of laptops and desktops and among the largest refurbishers of ICT devices overall, both globally and in India, with significant presence across India, the USA, Europe, Africa, and the UAE, in terms of value, as of March 31, 2025. The company follows a repair-over-replacement approach to provide affordable, reliable, and premium ICT devices functionally and aesthetically comparable to new products, backed by industry-leading warranties. Shares of GNG Electronics rose 2.88% to close at Rs 346.15 on the BSE.Powered by Capital Market - Live

Net profit of GNG Electronics rose 41.63% to Rs 32.66 crore in the quarter ended September 2025 as against Rs 23.06 crore during the previous quarter ended September 2024. Sales rose 24.75% to Rs 439.92 crore in the quarter ended September 2025 as against Rs 352.65 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales439.92352.65 25 OPM %10.589.32 - PBDT38.3426.05 47 PBT36.1223.61 53 NP32.6623.06 42 Powered by Capital Market - Live

GNG Electronics will hold a meeting of the Board of Directors of the Company on 4 November 2025.Powered by Capital Market - Live

Profit before tax (PBT) climbed 42.94% YoY to Rs 22.47 crore in Q1FY26. EBITDA stood at Rs 35.17 crore in Q1 FY26, registering the growth of 27.9% compared with Rs 27.50 crore posted in same quarter last year. EBITDA margin increased 11.3% in Q1 FY26 as against 10.8% in Q1 FY25. Sharad Khandelwal, managing director, GNG Electronics, said, 'In Q1 FY26, we delivered a resilient performance with healthy revenue growth, enhanced margins, and profitability in line with expectations. As India's largest and among the world's leading refurbishers of ICT devices, we are strategically positioned to benefit from rising global demand for affordable and sustainable technology. With a strong international footprint, a robust procurement and refurbishment ecosystem, and deep focus on ESG, we remain committed to driving sustainable growth, profitability, and long-term value creation for all our stakeholders.' GNG Electronics is India's largest refurbisher of laptops and desktops and among the largest refurbishers of ICT Devices overall, both globally and in India with significant presence across India, USA, Europe, Africa and UAE, in terms of value, as of March 31, 2025. The company follows a repair-over-replacement approach to provide affordable, reliable, and premium ICT devices functionally and aesthetically comparable to new products, backed by industry-leading warranties.Powered by Capital Market - Live

Net profit of GNG Electronics rose 52.43% to Rs 18.52 crore in the quarter ended June 2025 as against Rs 12.15 crore during the previous quarter ended June 2024. Sales rose 22.31% to Rs 312.28 crore in the quarter ended June 2025 as against Rs 255.32 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales312.28255.32 22 OPM %10.359.99 - PBDT24.5117.89 37 PBT22.4715.72 43 NP18.5212.15 52 Powered by Capital Market - Live

The board of  GNG Electronics at its meeting held on 19 August 2025 has approved the enhancement of Corporate Guarantee from AED 10,000,000 (AED 10 million) to AED 15,000,000 (AED 15 million) in favour of Commercial Bank of Dubai as security for the working capital facility availed by Electronics Bazaar (FZC), material subsidiary of the Company.Powered by Capital Market - Live

GNG Electronics will hold a meeting of the Board of Directors of the Company on 19 August 2025.Powered by Capital Market - Live

The scrip was listed at Rs 350, exhibiting a premium of 47.68% to the issue price. So far, the stock has hit a high of Rs 364 and a low of Rs 325.35. On the BSE, over 15.69 lakh shares of the company were traded in the counter so far. The initial public offer of GNG Electronics was subscribed 147.93 times. The issue opened for bidding on 23 July 2025 and it closed on 25 July 2025. The price band of the IPO is fixed between Rs 225 and 237 per share. The IPO consisted of a fresh issue of Rs 400 crore and 2550000 equity shares through an offer for sale. Out of the proceeds from the fresh issue, Rs 320 crore will be used for repayment/prepayment/redemption, in full or in part, of certain borrowings availed of by the company and its material subsidiary, namely, Electronics Bazaar FZC, and the balance for general corporate purposes. GNG Electronics, under the brand 'Electronics Bazaar,' offers end-to-end refurbishing services for laptops, desktops, and ICT devices. With operations across India, the USA, Europe, Africa, and the UAE, the company provides sourcing, refurbishment, sales, and after-sales support, including ITAD and e-waste management. GNG serves major clients like Vijay Sales, HP, and Lenovo through tailored buyback programs and sells refurbished devices in 38 countries via a network of 4,154 touch points as of 31 March, 2025. Ahead of the IPO, GNG Electronics on 22 July 2025 raised Rs 138.13 crore from anchor investors. The board allotted 58.28 lakh shares at Rs 237 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 68.83 crore and sales of Rs 1,411.11 crore for the twelve months ended on 31 March 2025.Powered by Capital Market - Live

The equity shares of GNG Electronics (Scrip Code: 544455) are listed effective 30 July 2025 and admitted to dealings on the Exchange in the list of ''B'' Group Securities. In the pre-open session, the indicative price for the stock was at a premium of 46.67% over the IPO price of Rs 237. Powered by Capital Market - Live