Synopsis:
GNG Electronics reported strong Q1FY26 results, with robust growth in revenue, profit, and margins, reinforcing its position as India’s largest ICT device refurbisher.
India’s largest laptop and desktop refurbisher is in the spotlight today after posting strong Q1FY26 results, showcasing robust growth and strategic progress. Read the article below for detailed insights into its performance.
With a market capitalization of Rs. 3,921.43 crore, the shares of GNG Electronics Limited were trading at Rs. 343.70, up by 2 percent from its previous closing price of Rs. 336.95. The stock has reached a high of Rs. 352.85 in today’s trading session
Q1FY26 Results
GNG Electronics Limited reported Rs. 312.28 crore in revenue for the first quarter of FY26, a 22.31 percent increase over the Rs. 255.32 crore for the same period in FY25. However, it decreased by 31.48 percent as compared to Rs. 455.77 crore in Q4 FY25.
The company’s EBITDA rose 27.9 percent YoY, increasing from Rs. 27.49 crore to Rs. 35.16 crore in Q1 FY26, with margins improving to 11.26 percent.
The consolidated net profit for the first quarter of FY26 was Rs. 18.52 crore, which was 25.56 percent higher than the Rs. 14.75 crore reported in the previous quarter and 52.43 percent higher year over year than the Rs. 12.15 crore in Q1 FY25. Profit growth was also reflected in earnings per share (EPS), which increased to approximately Rs. 2.03 in Q1 FY26 from Rs. 1.57 in Q4 FY25 and Rs. 1.12 in Q1 FY25.
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Management View
Mr. Sharad Khandelwal, Managing Director of GNG Electronics Limited, stated that the company delivered a strong Q1 FY26 performance, with healthy revenue growth, improved margins, and profitability that met expectations.
He stated that GNG refurbished 5.91 lakh devices in FY25, up from 2.48 lakh in FY23, and that its customer base increased significantly to 4,154 from 1,833, aided by a global procurement network of 557 partners.
He emphasized the company’s global certifications from HP and Lenovo, as well as its five advanced refurbishment facilities in India, the UAE, and the United States, and he added that GNG’s strong ESG framework, ISO 14001 certification, and EPR authorization strengthen its sustainability leadership.
He added that as India’s largest and one of the world’s leading ICT refurbishers, GNG is well-positioned to capture a larger share of the fast-growing market and deliver long-term growth and value for stakeholders.
About the company
GNG Electronics Limited is India’s largest and one of the world’s leading ICT device refurbishers, with operations in India, the United States, Europe, Africa, and the UAE. It follows a repair-over-replacement model, providing affordable, dependable, and premium devices with long warranties.
During FY 25, GNG Electronics Limited has refurbished over 5,90,787 devices with a warranty of 1–3 years across 5,840 SKUs, which included laptops, desktops, tablets, smartphones, servers, and accessories.
The company serves 4,154 customers, 557 procurement partners, and operates 5 refurbishing facilities spanning 58,127.82 sq. ft. It employed 1,194 people, including 949 skilled refurbishing technicians.
Written By Akshay Sanghavi
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