20-Aug-2025      09:54

GNG Electronics gains after Q1 PAT climbs 52% YoY to Rs 18 cr

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 News

News source: Capital Market - Live News