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GNG Electronics Results: Latest Quarterly Results & Analysis

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GNG Electronics Ltd. 05 May 2026 17:14 PM
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Q4FY26 & FY26 Result Announced for GNG Electronics Ltd.

Computer Hardware company GNG Electronics announced Q4FY26 & FY26 results

Standalone Financial Highlights:

  • Revenue from operations for Q4FY26 stood at Rs 2,993.23 million, representing a QoQ growth of 31.84% from Rs 2,270.35 million in Q3FY26 and a YoY growth of 23.10% from Rs 2,431.67 million in Q4FY25.
  • Total standalone income for Q4FY26 was Rs 3,008.84 million, compared to Rs 2,275.08 million in Q3FY26 (up 32.25%) and Rs 2,472.23 million in Q4FY25 (up 21.71%).
  • For the full year FY26, total income reached Rs 9,224.52 million, a growth of 27.78% over Rs 7,219.30 million in FY25.
  • Profit before tax (PBT) for Q4FY26 was Rs 160.11 million, showing an increase of 19.58% QoQ from Rs 133.89 million in Q3FY26 and a YoY increase of 35.22% from Rs 118.41 million in Q4FY25.
  • Net Profit for the period in Q4FY26 stood at Rs 121.31 million, a growth of 23.18% QoQ from Rs 98.48 million in Q3FY26 and a YoY increase of 39.34% from Rs 87.06 million in Q4FY25.
  • The annual standalone net profit for FY26 was Rs 399.26 million, marking a substantial YoY growth of 114.41% compared to Rs 186.21 million in FY25.
  • Earnings Per Share (EPS) (Basic) for Q4FY26 was Rs 1.06, compared to Rs 0.86 in Q3FY26 and Rs 0.90 in Q4FY25. The annual EPS for FY26 stood at Rs 3.50.

Consolidated Financial Highlights:

  • Revenue from operations for Q4FY26 was Rs 6,516.55 million, a QoQ increase of 33.75% from Rs 4,872.23 million in Q3FY26 and a YoY increase of 42.98% from Rs 4,557.67 million in Q4FY25.
  • Total consolidated income for Q4FY26 stood at Rs 6,522.81 million, up 33.71% QoQ from Rs 4,878.34 million and up 42.21% YoY from Rs 4,586.83 million.
  • For the full year FY26, total income reached Rs 18,954.07 million, a YoY growth of 33.45% from Rs 14,203.67 million in FY25.
  • Profit before tax (PBT) for Q4FY26 was Rs 463.78 million, representing a QoQ growth of 8.43% from Rs 427.74 million and a significant YoY growth of 156.59% from Rs 180.75 million.
  • Net Profit for the period in Q4FY26 was Rs 421.48 million, reflecting an 8.94% QoQ increase from Rs 386.87 million and a 185.83% YoY increase from Rs 147.46 million in Q4FY25.
  • The annual consolidated net profit for FY26 stood at Rs 1,320.16 million, marking a YoY growth of 91.24% compared to Rs 690.33 million in FY25.
  • Earnings Per Share (EPS) (Basic) for Q4FY26 was Rs 3.70, compared to Rs 3.39 in Q3FY26 and Rs 1.52 in Q4FY25. The consolidated EPS for the full year FY26 was Rs 11.58.

Business Highlights

  • Segment Performance: The company operates in a single reportable business segment, which is Information and Communication Technologies Device (ICT Device).
  • Geographical Revenue: The company generates revenue from both domestic sales and exports.
  • Corporate Guarantee: The Board of Directors approved the issuance of a corporate guarantee up to AED 20,000,000 (AED 20 million) in favor of Abu Dhabi Commercial Bank PJSC as security for banking financing facilities for Electronics Bazaar (FZC), a material subsidiary of the company.
  • Internal Auditor Appointment: Ms. Ashita Pandya, Heads of Accounts – India, has been appointed as the Internal Auditor of the company for the Financial Year 2026-27.
  • EPS Adjustment: In accordance with Ind AS-33, basic and diluted earnings per share for the period ended March 31, 2025, have been adjusted retrospectively due to changes in the number of ordinary shares outstanding.
  • Consolidation: The consolidated results include the standalone results of Electronics Bazaar FZC (subsidiary) and stepdown subsidiaries including Bright World Technologies Inc., Kay Kay Overseas Corporation, Sun Electronics Corporation, Electronics Bazar B.V., and Electronics bazar Inc.

Result PDF

Result PDF

Computer Hardware company GNG Electronics announced Q3FY26 results

  • Revenue: Rs 487.2 crore against Rs 347.4 crore during Q3FY25, change 40%.
  • EBITDA: Rs 54.6 crore against Rs 32 crore during Q3FY25, change 71%.
  • EBITDA Margin: 11.2% for Q3FY26.
  • PBT: Rs 42.8 crore against Rs 20.9 crore during Q3FY25, change 105%.
  • PAT: Rs 38.9 crore against Rs 19.1 crore during Q3FY25, change 104%.
  • PAT Margin: 7.9% for Q3FY26.
  • EPS: Rs 3.34 for Q3FY26.

Sharad Khandelwal, Managing Director, said: We are pleased to report a strong quarter, marked by robust growth and continued improvement in profitability, reflecting consistent execution across our operations and sustained demand across markets.

The current industry environment is being shaped by accelerating AI adoption and supply-side constraints in new computing hardware. Rising component costs and limited availability of new PCs are driving a structural shift in customer preferences, with refurbished enterprise-grade devices increasingly being adopted as a reliable, cost-efficient, and scalable alternative.

With our presence across 44 countries, advanced refurbishment facilities in India, the UAE, and the USA, and the growing strength of our Electronics Bazaar brand, we are well positioned to capitalise on these favorable industry dynamics. We remain focused on disciplined execution, supply readiness, and long-term value creation while advancing circular economy outcomes for our stakeholders.

Result PDF

Computer Hardware company GNG Electronics announced Q2FY26 results

  • Revenue from operations: Rs 440 crore compared to Rs 353 crore during Q2FY25, change 24.7%.
  • EBITDA: Rs 47 crore compared to Rs 36 crore during Q2FY25, change 30.4%.
  • EBITDA Margin: 10.6% for Q2FY26.
  • PAT: Rs 33 crore compared to Rs 23 crore during Q2FY25, change 41.6%.
  • PAT Margin: 7.4% for Q2FY26.

Sharad Khandelwal Managing Director, said: "We are pleased to report another quarter of strong performance, with revenue growing 24.7% YoY and healthy improvement across all key profitability metrics. Our EBITDA margin expanded by 46 bps to 10.6%, while PAT margin improved by 88 bps to 7.4%, reflecting our continued emphasis on operational efficiency, stronger presence in existing markets, and strategic expansion into new geographies.

Our performance in Q2FY26 reflects the continued momentum in demand for ICT products across global markets. With our expanding customer base and strong procurement network, GNG Electronics has further strengthened its position as a preferred partner for sustainable technology solutions.

Our advanced facilities across India, the UAE, and the USA reinforce our commitment to global quality standards. Backed by a robust ESG framework and focus on operational excellence, we remain confident of sustaining growth while driving our vision of promoting circular economy practices worldwide.

As demonstrated in our past performance, we see ample growth potential across both domestic and international markets. We remain confident of sustaining strong revenue growth in the coming time."

Result PDF

Computer Hardware company GNG Electronics announced Q1FY26 results

  • Revenue from operations: Rs 312.28 crore in Q1FY26, up 22.31% YoY from Rs 255.31 crore in Q1FY25.
  • EBITDA: Rs 35.17 crore in Q1FY26, up 27.9% YoY from Rs 27.50 crore in Q1FY25.
  • PAT: Rs 18.52 crore in Q1FY26, up 52.4% YoY from Rs 12.15 crore in Q1FY25.

Sharad Khandelwal, Managing Director, GNG Electronics, said: “In Q1FY26, 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.”

Result PDF

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