+
GNG Electronics Q1 Profit Rises 52 Per Cent To Rs 185 Million
ECONOMY & POLICY

GNG Electronics Q1 Profit Rises 52 Per Cent To Rs 185 Million

GNG Electronics Limited, India’s largest refurbisher of laptops and desktops and one of the world’s leading refurbishers of ICT devices, has announced strong financial results for the quarter ended 30 June 2025 (Q1 FY26), posting robust year-on-year growth in revenue and profitability.
Financial Highlights (Q1 FY26 vs Q1 FY25):
  • Revenue from operations: Rs 3.12 billion, up 22.3 per cent YoY from Rs 2.55 billion.
  • EBITDA: Rs 352 million, up 27.9 per cent YoY from Rs 275 million.
  • PAT: Rs 185 million, up 52.4 per cent YoY from Rs 122 million.
Gross margins expanded to 21.4 per cent, compared with 20.2 per cent a year ago and 15 per cent in the previous quarter. EBITDA margins improved to 11.3 per cent, while PAT margins rose to 5.9 per cent.
Commenting on the results, Sharad Khandelwal, Managing Director of GNG Electronics, said:
“In Q1 FY26, we delivered a resilient performance with healthy revenue growth, enhanced margins, and profitability in line with expectations. As India’s largest and one of the world’s leading refurbishers of ICT devices, we are strategically positioned to benefit from rising global demand for affordable and sustainable technology. With a strong international footprint, a robust procurement and refurbishment ecosystem, and deep focus on ESG, we remain committed to driving sustainable growth and long-term value creation.”
In FY25, GNG Electronics refurbished 591,000 devices, up sharply from 248,000 in FY23. Its customer base expanded to 4,154 in FY25, from 1,833 in FY23, supported by a procurement network of 557 global partners, including corporates, IT asset disposal companies and OEMs.
The company holds Certified Refurbishment Partner status with HP and Lenovo, reflecting adherence to global quality standards. It operates five state-of-the-art refurbishment facilities across India, the UAE and the USA, offering advanced L1-L3 repair processes. GNG also maintains a strong ESG framework, including ISO 14001 certification and Extended Producer Responsibility (EPR) authorisation for responsible e-waste management.
As a pioneer with a growing international footprint, GNG Electronics is well positioned to capture a larger share of the fast-expanding global refurbished ICT market. 

GNG Electronics Limited, India’s largest refurbisher of laptops and desktops and one of the world’s leading refurbishers of ICT devices, has announced strong financial results for the quarter ended 30 June 2025 (Q1 FY26), posting robust year-on-year growth in revenue and profitability.Financial Highlights (Q1 FY26 vs Q1 FY25):Revenue from operations: Rs 3.12 billion, up 22.3 per cent YoY from Rs 2.55 billion.EBITDA: Rs 352 million, up 27.9 per cent YoY from Rs 275 million.PAT: Rs 185 million, up 52.4 per cent YoY from Rs 122 million.Gross margins expanded to 21.4 per cent, compared with 20.2 per cent a year ago and 15 per cent in the previous quarter. EBITDA margins improved to 11.3 per cent, while PAT margins rose to 5.9 per cent.Commenting on the results, Sharad Khandelwal, Managing Director of GNG Electronics, said:“In Q1 FY26, we delivered a resilient performance with healthy revenue growth, enhanced margins, and profitability in line with expectations. As India’s largest and one of the world’s leading refurbishers of ICT devices, we are strategically positioned to benefit from rising global demand for affordable and sustainable technology. With a strong international footprint, a robust procurement and refurbishment ecosystem, and deep focus on ESG, we remain committed to driving sustainable growth and long-term value creation.”In FY25, GNG Electronics refurbished 591,000 devices, up sharply from 248,000 in FY23. Its customer base expanded to 4,154 in FY25, from 1,833 in FY23, supported by a procurement network of 557 global partners, including corporates, IT asset disposal companies and OEMs.The company holds Certified Refurbishment Partner status with HP and Lenovo, reflecting adherence to global quality standards. It operates five state-of-the-art refurbishment facilities across India, the UAE and the USA, offering advanced L1-L3 repair processes. GNG also maintains a strong ESG framework, including ISO 14001 certification and Extended Producer Responsibility (EPR) authorisation for responsible e-waste management.As a pioneer with a growing international footprint, GNG Electronics is well positioned to capture a larger share of the fast-expanding global refurbished ICT market. 

Next Story
Infrastructure Urban

How AI, IoT & Automation are Reshaping Indian Logistics

India’s logistics sector has long been defined by its road-heavy, manpower-intensive freight model, with trucks accounting for nearly 60% of cargo movement. That system, though, which has been the engine of the country’s commerce for decades, buckled under the weight of inefficiencies: delays, data that is siloed, higher-costing fuel, and virtually no traceability.As India aspires to grow into a $5 trillion economy, a structural change is taking place. In the logistics arena, Artificial Intelligence (AI), the Internet of Things (IoT), automation, and blockchain - such technologies are not ..

Next Story
Real Estate

Mahindra Lifespaces Adds 166 Premium Homes at Lakewoods, MWC Chennai

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure arm of the Mahindra Group, has launched two new premium residential towers, H and I, at Lakewoods in Mahindra World City (MWC), Chennai. The launch introduces 166 spacious 2 and 3 BHK homes, strengthening the township’s position as a vibrant and sustainable ecosystem. The IGBC Platinum pre-certified project offers homes designed for privacy and comfort, with no shared walls, cross-ventilated bedrooms, and large French windows for natural light and airflow. Select apartments also feature private decks overlooking th..

Next Story
Real Estate

Ashar Arize Attracts Lenskart, Clove Dental and More to Kalwa

Ashar Group has announced that Lenskart and Clove Dental will soon open high-street outlets at its flagship residential project, Ashar Arize in Kalwa, redefining the locality’s retail profile. The two national brands will operate from 600 sq. ft. spaces at Ashar Arize, adding healthcare and lifestyle credibility to Kalwa, which is rapidly emerging as a self-sustaining micromarket. The retail plaza spans 20,000 sq. ft. with units ranging from 300 to 800 sq. ft., offering prime frontage and strong connectivity to market hubs. Located near the station, it ensures steady footfall supported ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?