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Earnings Call Transcript

GNG Electronics Earnings Call Transcript: Key Takeaways

Electronics Mart reports 32% revenue growth, driven by a global refurbished PC shortage and high memory prices. Management raised full-year growth guidance significantly, signaling strong confidence in their premium refurb model.

Guidance and delivery
Revenue guidance 25.0% → 30.0% Raised by 5.0 percentage points
Management target Revenue 30.0% FY27
Highlights
Revenue growth32% YoY growth driven by India and US/Europe markets.
MarginsGross margin expanded to 24.65% due to better procurement/realization.
Demand visibilityStrong; high new-PC prices pushing users toward premium refurbished units.
Management confidenceExtremely high; raised full-year guidance across revenue and margins.

Growth

Revenue grew 32% YoY to ₹412.5 Cr; volume rose 18% while realization jumped 12% due to price hikes.

Outlook

Full-year revenue guidance raised from 25% to 30%; PAT margin guidance raised to 0.75-1%.

Risks

Rising inventory levels (₹700 Cr+) and increased debt pose liquidity risks if demand for refurbs cool.

Last quarter's promises, checked

Delivered

  • Guided 25% revenue growth → delivered 34% for FY26 (= BEAT)
  • Guided 50 bps PAT margin expansion → delivered 209 bps for FY26 (= BEAT)
  • Guided 50 bps PAT margin expansion → delivered 323 bps for Q4 FY26 (= BEAT)
Source

Earnings Call Transcript filed with NSE, NSE: EBGNG. Summary written with AI assistance from the document.

Read the document ↗

GNG Electronics Ltd: key numbers

Share price
₹577.20
Market cap
₹6,581 Cr
Revenue (annual)
₹1,891 Cr
Net profit (annual)
₹131.6 Cr
P/E (TTM)
39.6×Sector 35.3×
Promoter holding
71.77%-3.00% QoQ
FII holding
5.54%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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19:05 IST NSE
Earnings Call

GNG Electronics Earnings Call Transcript: Key Takeaways

Strong Q2 FY27: revenue up 42% YoY and FY27 growth guidance raised to 40%. The narrative leans on a memory-price tailwind and 'permanent reset' claims, while debt and inventory rise, the tax-rate jump goes unexplained, and supply-side risk is not addressed.

Call
Guides 40% growth
16:03 IST BSE
Financial Results

GNG Electronics Q2 FY27 Results: Net Profit ₹56.4 Cr, Up 72.5% YoY

GNG Electronics Ltd reported revenue from operations of ₹624.8 Cr (+42.0% YoY) and net profit of ₹56.4 Cr (+72.5% YoY) for Q2 FY27.

Key figure
Net profit ₹56.4 Cr · +72.5% YoY