Latest news about GNG Electronics
GNG Electronics Estimates 22% Volume Increase and 3% Price Growth, Management Stays Conservative on Guidance
GNG Electronics
531.00
-17.75(-3.23%)
Company Performance:
View Company Insights1D-3.23%
1M+18.26%
6M+71.57%
1Y+59.27%
5Y+59.27%
More news about GNG Electronics
12May 26
GNG Electronics Q4 & FY26 Earnings Call: Revenue, Margins & FY27 Guidance
GNG Electronics delivered its best-ever annual performance in FY26, with consolidated revenue growing 34% YoY to INR1,891 crore and PAT nearly doubling to INR132 crore. Q4 FY26 saw consolidated revenue rise 43% YoY to INR651.7 crore with EBITDA margin expanding to 9.8%. For FY27, management guided approximately 25% revenue growth and at least 50 basis points PAT margin expansion, supported by structural industry tailwinds, expanded distribution, and strategic inventory positioning.
06May 26
GNG Electronics Q4 & FY26 Results: Revenue Up 34%, PAT Surges 91% YoY
GNG Electronics reported strong FY26 consolidated results with revenue of ₹1,891.10 Cr (+34% YoY) and PAT of ₹132.00 Cr (+91.2% YoY). Q4 FY26 revenue grew 43% YoY to ₹651.70 Cr, with Q4 EBITDA at ₹634M versus ₹279M YoY and EBITDA margin improving to 9.73% from 6.12%. The Board approved an internal auditor appointment and a corporate guarantee of AED 20 million for subsidiary Electronics Bazaar (FZC).
11Apr 26
GNG Electronics Limited Files Compliance Certificate for Q4 FY26 Under SEBI Regulations
GNG Electronics Limited filed a compliance certificate confirming non-applicability of SEBI Regulation 74(5) for Q4 FY26. The certificate, issued by registrar Bigshare Services Pvt. Ltd., states the regulation doesn't apply as entire shareholding remains in demat form with no rematerialization or dematerialization requests received during the quarter. The filing was submitted to NSE and BSE on April 10, 2026, demonstrating regulatory compliance.
09Apr 26
GNG Electronics Receives Credit Rating Upgrade from CARE Ratings on Bank Facilities
GNG Electronics Limited received credit rating upgrades from CARE Ratings Limited on April 08, 2026. Long-term bank facilities worth Rs. 272.50 crores were upgraded to CARE BBB; Stable from CARE BBB-; Positive, while short-term facilities of Rs. 43.00 crores were upgraded to CARE A3+ from CARE A3. The company has informed stock exchanges about this development in compliance with SEBI regulations.
01Apr 26
GNG Electronics Receives GST Demand of Rs 3.41 Crore from Mumbai Tax Authorities
GNG Electronics Limited received a GST Order-in-Original from Mumbai tax authorities imposing a demand of Rs 34,097,749 and penalty of Rs 34,235,213 related to Input Tax Credit utilization from April 2019 to March 2024. The company expects no material financial impact and plans to appeal the decision.
23Mar 26
GNG Electronics Limited Enhances Credit Facility to INR 720 Million with ICICI Bank
GNG Electronics Limited has executed a Supplemental and Amendatory Agreement with ICICI Bank Limited dated March 10, 2026, enhancing its credit facility from INR 400 million to INR 720 million. The enhanced working capital facility represents an 80% increase and is secured by pari passu charge on current assets and receivables, with current outstanding amount of INR 380 million.
23Mar 26
GNG Electronics Increases Working Capital Facility to ₹65 Crores with Axis Bank
GNG Electronics Limited has executed an addendum with Axis Bank Limited to enhance its working capital facility from ₹44 crores to ₹65 crores. The addendum, executed on February 23, 2026, will support the company's working capital requirements, with ₹36.66 crores currently outstanding. The facility is secured through hypothecation of the company's current assets and does not involve any related party transactions or special rights to the lender.
18Mar 26
GNG Electronics Limited Enhances Working Capital Facility to ₹800 Crore with DBS Bank India
GNG Electronics Limited has executed a Supplemental Working Capital Facilities Agreement with DBS Bank India Ltd on March 18, 2026, enhancing its credit facilities from ₹300 crore to ₹800 crore. The facility is secured by a pari passu charge on current assets and is intended for working capital requirements, with ₹254 crore currently outstanding.
17Mar 26
GNG Electronics Enhances Kotak Bank Credit Facility to ₹75 Crores
GNG Electronics has significantly expanded its banking relationship with Kotak Mahindra Bank by increasing its working capital facility from ₹51 crores to ₹75 crores. The supplemental agreement, executed on March 16, 2026, provides enhanced financial flexibility and interchangeability between various facilities to meet the company's growing working capital requirements.
11Feb 26
GNG Electronics Reports Strong Q3FY26 Growth and Hosts Strategic Earnings Call
GNG Electronics delivered exceptional Q3FY26 performance with revenue reaching Rs 4.90 billion and PAT of Rs 387 million, representing 40% and 102.60% growth respectively. The company hosted an earnings call detailing favorable industry dynamics driven by AI adoption and memory price increases, announced strategic partnerships with major technology distributors, and revised its revenue guidance upward to 28-30%.
05Feb 26
GNG Electronics Submits Q3FY26 Monitoring Agency Report for ₹400.00 Crore IPO Proceeds Utilization
GNG Electronics Limited submitted its Q3FY26 monitoring agency report showing utilization of ₹9.54 crore towards issue expenses from its ₹400.00 crore IPO proceeds. The company has cumulatively utilized ₹392.65 crore with ₹7.36 crore remaining unutilized in designated bank accounts. CARE Ratings Limited confirmed no deviations from offer document disclosures and noted completion of debt repayments for both parent company and subsidiary ahead of schedule.
16Jan 26
GNG Electronics Announces Successful Postal Ballot Results with All Resolutions Passed
GNG Electronics announced successful completion of its postal ballot process with all four critical resolutions receiving requisite majority approval from shareholders. The ESOP scheme resolutions passed with 96.20% support, while material related party transactions worth ₹550 crores received 97.39% approval, demonstrating strong shareholder confidence in the company's strategic initiatives.
10Nov 25
GNG Electronics Reports Strong Q2 FY26 Results with 25% Revenue Growth, Expands Global Presence
GNG Electronics Limited, a leader in refurbished ICT devices, reported impressive Q2 FY26 results. Revenue reached Rs. 4,399.00 million, up 41% sequentially and 25% year-over-year. Gross margin improved to 19.90%, and profit after tax grew 42% year-over-year to Rs. 326.00 million. The company expanded operations to 42 countries, increased its workforce to 1,500, and plans to enter AI-driven computing infrastructure refurbishment. Their brand, Electronics Bazaar, now contributes 97% of revenue with full warranty coverage. GNG secured new facilities in India, UAE, and the US for advanced computing system refurbishment, positioning itself for growth in the AI and high-performance computing market.
06Nov 25
GNG Electronics Maintains Growth Outlook Despite US Tariff Challenges
GNG Electronics has reaffirmed its 20-25% growth guidance during a recent conference call, despite facing headwinds from US tariffs. The company's management expressed confidence in its ability to navigate the complex landscape of international trade and maintain its growth trajectory amidst global trade pressures. This announcement demonstrates GNG Electronics' resilience and strategic preparedness in a volatile market environment.
04Nov 25
GNG Electronics Targets 25%+ Revenue Growth with Global Expansion Strategy
GNG Electronics has announced a global expansion plan aimed at achieving over 25% year-on-year revenue growth. The company plans to expand its presence in ICT and consumer electronics sectors across new geographical markets. The strategy focuses on market expansion and operational efficiency improvements. Product diversification is a key component of the growth plan. Recent financial results show strong performance with Q2 FY26 revenue up 24.70%, EBITDA up 30.40%, and PAT up 41.60% year-on-year. The company reports ongoing demand for ICT products globally and is confident in sustaining strong revenue growth across domestic and international markets.
01Oct 25
GNG Electronics Expands UAE Operations with New Ajman Facility
GNG Electronics Limited is expanding its UAE operations through its subsidiary, Electronics Bazaar (FZC). The company has leased a 1,017 square meter facility in Ajman for one year, starting September 26, 2025. Additionally, they've secured 750 square meters of refurbishment facilities in Sharjah. This expansion increases their total UAE refurbishment facility to 3,767 square meters and global refurbishment facility to 7,167 square meters, aimed at meeting growing operational needs and enhancing refurbishing and storage capacity in the region.
19Aug 25
GNG Electronics Reports Strong Q1 FY2026 Results, Schedules Investor Call
GNG Electronics Limited, India's largest refurbisher of laptops and desktops, announced robust Q1 FY2026 financial results. Consolidated revenue increased by 22.3% to INR 3,122.79 crore, while profit after tax (PAT) grew by 52.4% to INR 185.20 crore compared to Q1 FY2025. EBITDA rose by 27.4% to INR 351.66 crore, with an improved margin of 11.3%. The company refurbished 590,787 devices in the past year and operates across 38 countries. GNG Electronics expanded operations to Dallas, Texas in 2024 and received the R2V3 certification for responsible recycling. An investor call is scheduled for August 19, 2025, to discuss results and future strategies.
13Aug 25
GNG Electronics Schedules Q1FY26 Earnings Call and Board Meeting for August 19
GNG Electronics Limited has scheduled an earnings conference call on August 19, 2025, at 6:00 PM IST to discuss Q1FY26 results. A board meeting will be held on the same day to approve the financial results for the quarter ended June 30, 2025. The board will also consider enhancing corporate guarantees. The company, recently listed on NSE and BSE on July 30, 2025, has provided dial-in numbers for various countries. The trading window, closed since July 30, will reopen 48 hours after the results declaration.
30Jul 25
GNG Electronics Appoints Sarita Tufani Vishwakarma as Company Secretary and Compliance Officer
GNG Electronics Limited has appointed Ms. Sarita Tufani Vishwakarma as Company Secretary and Compliance Officer. She assumed the role of Company Secretary on October 8, 2024, and Compliance Officer on November 22, 2024. Ms. Vishwakarma, an associate member of the Institute of Company Secretaries of India, will oversee compliance and secretarial functions. The company also announced the closure of its trading window from July 30, 2025, until 48 hours after the announcement of Q2 2025 financial results.
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