GNG Electronics Limited , a prominent player in the electronics industry, has announced a significant expansion of its operations in the United Arab Emirates (UAE) through its material subsidiary, Electronics Bazaar (FZC).

New Facility in Ajman

Electronics Bazaar BLC, a branch of Electronics Bazaar (FZC), has signed a Facility Lease Agreement with Free Zones Authority - Ajman for a new space in Ajman, UAE. The key details of the lease are as follows:

• Location: Ajman, UAE
• Lease Area: 1,017 square meters (10,943 square feet)
• Lease Tenure: One year, from September 26, 2025, to September 25, 2026 (renewable annually)

This strategic move aims to meet the increasing operational requirements and enhance the company's refurbishing and storage capacity in the region.

Additional Expansion in Sharjah

In addition to the Ajman facility, GNG Electronics has secured additional refurbishment facilities at Sharjah Airport International Free Zone, totaling 750 square meters (8,073 square feet).

Expanded Footprint

With these new additions, GNG Electronics has significantly increased its presence in the UAE:

Strategic Implications

This expansion is a clear indication of GNG Electronics' commitment to strengthening its position in the UAE market. The increased refurbishment and storage capacity is likely to enhance the company's operational efficiency and ability to meet growing demand in the region.

Sarita Vishwakarma, Company Secretary & Compliance Officer of GNG Electronics Limited, confirmed the development in a regulatory filing, stating that the lease has been undertaken to meet increasing operational requirements and expand refurbishing and storage capacity in the region.

As GNG Electronics continues to grow its footprint in the UAE, investors and industry observers will be keen to see how this expansion translates into business growth and market share in the competitive electronics sector.

GNG Electronics Limited , India's largest refurbisher of laptops and desktops, has announced its financial results for the first quarter of fiscal year 2026, showcasing robust growth across key metrics. The company has also scheduled an investor and analyst call for August 19, 2025, to discuss these results and future prospects.

Financial Highlights

GNG Electronics reported a consolidated revenue of INR 3,122.79 crore for Q1 FY2026, marking a significant 22.3% increase from INR 2,553.15 crore in the same quarter last year. The company's profitability also saw substantial growth, with profit after tax (PAT) rising to INR 185.20 crore, up 52.4% from INR 121.49 crore in Q1 FY2025.

Key financial metrics for Q1 FY2026:

All financial figures in INR crore, except EPS

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the quarter stood at INR 351.66 crore, representing a 27.4% increase from the previous year. The EBITDA margin improved to 11.3% from 10.8% in Q1 FY2025.

Operational Performance

GNG Electronics continues to strengthen its position in the refurbished electronics market. The company operates across 38 countries and has refurbished 590,787 devices in the past year. With 4,154 procurement partners and a skilled workforce of 949 refurbishing technicians, GNG Electronics is well-positioned to capitalize on the growing demand for refurbished ICT devices.

Expansion and Certifications

The company has been making strategic moves to expand its global footprint. In 2024, GNG Electronics established operations in Dallas, Texas, enhancing its presence in the North American market. Additionally, the company received the R2V3 certification, which is recognized as the highest standard in responsible recycling and sustainable practices in the electronics industry.

Market Opportunity

The global used and refurbished electronics market is projected to grow from $207 billion in 2023 to $335 billion in 2028, presenting significant opportunities for GNG Electronics. The company's multi-channel and multi-geography presence, along with its focus on quality and sustainability, positions it well to capture a larger share of this expanding market.

Investor Call Details

GNG Electronics has scheduled an investor and analyst call for August 19, 2025, at 06:00 PM (IST) to discuss the Q1 FY2026 results and provide insights into the company's performance and future strategies. The company has also submitted its investor presentation to stock exchanges, which will be available on the company's website.

Sharad Khandelwal, Managing Director of GNG Electronics, commented on the results, stating, "Our strong performance in Q1 FY2026 reflects the growing demand for high-quality refurbished electronics and our ability to meet this demand efficiently. We remain committed to expanding our global footprint, enhancing our operational capabilities, and driving sustainable growth in the refurbished ICT devices market."

As GNG Electronics continues to grow and expand its operations, investors and analysts will be keen to hear more about the company's strategies for maintaining its growth trajectory and capitalizing on the expanding global market for refurbished electronics during the upcoming investor call.