Synopsis: GNG Electronics reported strong Q2FY26 results with net profit rising 73.7 percent QoQ and 43.5 percent YoY to Rs. 33 crore. Revenue grew 40.9 percent sequentially and 24.6 percent annually to Rs. 440 crore.
A leading electronics stock came into focus after posting impressive second-quarter earnings, driven by solid sales growth and expanding margins. The company reported a sharp rise in profitability on both quarterly and yearly bases, reflecting strong demand for refurbished ICT products and operational efficiency gains.
GNG Electronics Limited, India’s largest laptop refurbisher, has a market capitalization of Rs. 3,944.80 crore. The stock opened at Rs. 353.20 against its previous close of Rs. 346.15 and touched an intraday high of Rs. 355.90, marking an increase of 2.82 percent from the previous close.
Financial Snapshot – Q2FY26
GNG Electronics delivered robust performance in Q2FY26, with revenue and profit metrics improving across the board. On a quarter-on-quarter basis, sales rose 40.9 percent from Rs. 312 crore to Rs. 440 crore, while operating profit grew 46.9 percent from Rs. 32 crore to Rs. 47 crore. The operating profit margin improved from 10 percent to 11 percent, highlighting better cost management. Profit before tax surged 63.6 percent from Rs. 22 crore to Rs. 36 crore, and net profit jumped 73.7 percent from Rs. 19 crore to Rs. 33 crore. Earnings per share also rose from Rs. 1.91 to Rs. 2.86, reflecting stronger profitability and improved operating leverage.
On a year-on-year basis, the company’s revenue increased 24.6 percent from Rs. 353 crore to Rs. 440 crore. Operating profit climbed 42.4 percent from Rs. 33 crore to Rs. 47 crore, with the operating margin expanding from 9 percent to 11 percent. Profit before tax rose 50 percent from Rs. 24 crore to Rs. 36 crore, while net profit advanced 43.5 percent from Rs. 23 crore to Rs. 33 crore. The company reported a PAT margin of 7.4 percent, up 88 basis points year-on-year, and an EBITDA margin of 10.6 percent, higher by 46 basis points.
Comments from the Management
“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.”
About the Company
GNG Electronics Limited is India’s largest refurbisher of laptops and desktops and one of the leading refurbishers of ICT devices globally. The company specializes in providing affordable, reliable, and premium refurbished ICT products that are functionally and aesthetically comparable to new ones. It operates on a repair-over-replacement model, backed by industry-leading warranties and a strong ESG framework. With operations spanning India, the USA, Europe, Africa, and the UAE, GNG refurbished nearly 5.9 lakh devices in FY25, offering a wide range that includes laptops, desktops, tablets, servers, premium smartphones, workstations, and accessories.
-Manan Gangwar
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