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

21 Aug 2025 CW Team

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.

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