GNG Electronics Ltd

GNG Electronics Reports Strong Growth 📈: Revenue Up 41% QoQ, Expands to 40+ Countries

- Revenue for Q2 FY'26: Rs. 4,399M (+41% QoQ, +25% YoY)

- H1 FY'26 revenue: Rs. 7,522M (+24% YoY)

- Gross margin in Q2 FY'26: 19.9% (up from 14.5% YoY, +37% margin growth)

- Q2 FY'26 EBITDA: Rs. 467.81M (10.63% margin vs. 10.17% YoY)

- Q2 PAT: Rs. 326M (+42% YoY); H1 PAT: Rs. 512M (+45% YoY)

- Electronics Bazaar now in 40+ countries

- Workforce expanded from 1,194 to 1,500 employees; sales/marketing team grew from 96 to 157

- No inventory >1 year old; zero bad debt history

- 3-year domestic / 1-year int'l warranty (2-2.1% incidence rate)

- Net debt reduced to Rs. 158Cr (from Rs. 390Cr in Mar'25)

- Focus on AI-driven computing & refurbished ICT devices (growing demand)

- Minimal U.S. tariff impact due to sourcing model