+
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. 

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code