| Revenue growth | Q2 +42% YoY to ₹625 Cr; H1 +38% to ₹1,037 Cr |
|---|---|
| Margins | Gross margin 25.1% (+515 bps); EBITDA margin 15.0% (+439 bps) |
| Demand visibility | Memory price rises, supply constraints aid near-term demand |
| Management confidence | Confident in long-term refurbished ICT opportunity |
Growth
Q2 revenue +42.0%, EBITDA +100.7%, PAT +72.5% YoY. H1 revenue +37.9%, EBITDA +79.1%, PAT +66.6%. Gross margin +515 bps in Q2.
Outlook
No quantified guidance given. Management 'remains confident' in refurbished ICT demand. Rising memory prices cited as near-term catalyst.
Risks
Finance cost ₹22.0 Cr vs ₹8.4 Cr YoY. Current borrowings ₹572 Cr vs ₹404 Cr (Mar-26). Inventory rose to ₹912 Cr from ₹743 Cr.
Last quarter's promises, checked
Delivered
- FY27 revenue growth guided 30% (raised from 25%) → H1 +37.9% (= BEAT)
- Growth won't slow down → Q2 revenue +42% vs Q1 +32% (= BEAT)
- Opex not to rise in proportion to revenue, operating leverage 'soon' → EBITDA +100.7% vs revenue +42% (= BEAT)
Missed
- Working capital managed prudently (no target) → inventory ₹912 Cr vs ₹743 Cr (Mar-26); current borrowings ₹572 Cr vs ₹404 Cr (= MISS)
Investor Presentation filed with NSE, NSE: EBGNG. Summary written with AI assistance from the document.
GNG Electronics Ltd: key numbers
- Share price
- ₹687.20
- Market cap
- ₹7,835 Cr
- Revenue (annual)
- ₹1,891 Cr
- Net profit (annual)
- ₹131.6 Cr
- P/E (TTM)
- 55.0×Sector 42.1×
- 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.
More from GNG Electronics Ltd
All →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
GNG Electronics Other Announcement
CARE Ratings reported no deviation in GNG Electronics' IPO proceeds use for the quarter ended September 2026. Usage was Rs 3.63 crore of prior issue expense reimbursements.
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
GNG Electronics Board Meeting Date
GNG Electronics will hold a board meeting on 3 November 2026 to consider unaudited half-year results. The trading window stays closed until 5 November 2026.
GNG Electronics Other Announcement
GNG Electronics Ltd filed its quarterly shareholding pattern for the period ended September 30, 2026, in compliance with SEBI Regulation 31(1)(b).
GNG Electronics Capacity Expansion
GNG Electronics' subsidiary Electronics Bazaar FZC has leased a refurbishment facility in Sharjah, UAE. This expansion aims to increase the company's operational refurbishing capacity.
- Execution
- 25 years
- refurbishment facility
- 2238.77 sq. mtrs.