GNG Electronics Limited announced its unaudited financial results for the quarter ended December 31, 2025, showcasing exceptional year-over-year growth across all key financial metrics. The Board of Directors approved these results during their meeting held on February 05, 2026, with the company demonstrating robust operational momentum in the refurbished ICT devices segment.

Q3FY26 Performance with Year-over-Year Comparison

The company delivered outstanding consolidated performance in Q3FY26, with revenue from operations reaching Rs 4.90 billion compared to Rs 3.50 billion in the corresponding quarter of the previous year, representing a strong 40.00% year-over-year growth. Net profit surged to Rs 387.00 million from Rs 191.00 million in Q3FY25, demonstrating remarkable 102.60% growth. The company also achieved significant EBITDA improvement with Rs 541.00 million compared to Rs 306.00 million in the previous year, marking a 76.80% increase.

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025 demonstrated sustained growth momentum across all key financial parameters. Revenue from operations reached Rs 1,239.40 million compared to Rs 955.30 million in the corresponding period of the previous year, reflecting 29.70% growth. EBITDA stood at Rs 136.50 million, up 43.10% year-over-year, with EBITDA margin improving to 11.00% from 10.00% in the previous year.

Regulatory Compliance and Publication

Pursuant to Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published its unaudited financial results in Financial Express (English) and Lokatta (Marathi) newspapers on February 07, 2026. The publication was completed following the Board approval on February 05, 2026, ensuring full compliance with regulatory requirements.

Management Commentary and Market Outlook

Commenting on the results, Mr. Sharad Khandelwal, Managing Director, highlighted the company's strong execution and sustained demand across markets. He emphasized that the current industry environment is being shaped by accelerating AI adoption and supply-side constraints in new computing hardware, with rising component costs driving customers toward refurbished enterprise-grade devices as a reliable and cost-efficient alternative.

Business Operations and Global Presence

GNG Electronics operates as India's largest refurbisher of laptops and desktops with significant presence across 44 countries including India, USA, Europe, Africa, and UAE. The company maintains advanced refurbishment facilities in India, the UAE, and the USA, operating under the Electronics Bazaar brand. With a portfolio of 5,840 SKUs including laptops, desktops, tablets, servers, and premium smartphones, the company refurbished nearly 5.90 lakh devices in FY25, following a repair-over-replacement approach to provide affordable and reliable ICT devices.

GNG Electronics Limited, a leading player in the refurbished ICT devices sector, has reported robust financial results for Q2 FY26, demonstrating significant growth and expansion in its global operations.

Financial Highlights

• Q2 FY26 revenue reached Rs. 4,399.00 million, marking a 41% sequential increase and 25% year-over-year growth.
• H1 FY26 consolidated revenue stood at Rs. 7,522.00 million, representing 24% year-over-year growth.
• Gross margin improved to 19.90% in Q2 FY26 from 14.50% in Q2 FY25.
• EBITDA for Q2 FY26 rose to Rs. 467.81 million with a margin of 10.63%.
• Profit after tax for Q2 FY26 stood at Rs. 326.00 million, reflecting a 42% year-over-year growth.

Operational Highlights

Strategic Developments

GNG Electronics is positioning itself to capitalize on the growing demand for AI-driven computing. The company plans to enter infrastructure-level refurbishment, enabling the delivery of AI-ready computing systems, server storages, and high-end desktops at affordable and sustainable cost points for global enterprises.

Brand Growth

The company's proprietary brand, Electronics Bazaar, now contributes 97% of revenue, with 100% of revenue backed by comprehensive warranty coverage. This reinforces customer trust and brand reliability in the refurbished ICT devices market.

Global Expansion

GNG Electronics has secured long-term spaces across India (primarily Mumbai), UAE, and the United States. These facilities will serve as high-capacity refurbishment and testing centers for advanced computing systems, including servers, data centers, hardware, and enterprise-grade IT infrastructure.

Financial Position

The company's net debt position improved to Rs. 158.00 crores following IPO proceeds utilization for debt repayment. This strengthened financial position is expected to support future growth initiatives.

Market Outlook

With the rise of AI and data-intensive workloads, GNG Electronics is well-positioned to benefit from the increasing demand for refurbished high-performance computing devices. The company's expansion into AI-ready systems aligns with global trends towards sustainable and affordable computing solutions.

GNG Electronics' strong Q2 and H1 FY26 performance, coupled with its strategic initiatives in the AI-driven computing space, positions the company for continued growth in the evolving global technology landscape.