GNG Electronics Reports Strong Q1 FY27 Results: Revenue Climbs 32.1% as Refurbished Computing Sector Expands

GNG Electronics Reports Strong Q1 FY27 Results: Revenue Climbs 32.1% as Refurbished Computing Sector Expands​

GNG Electronics Limited, a major player in India's refurbished ICT device market, announced its unaudited financial results for the quarter ending June 30, 2026. The company reported significant year-on-year growth across key metrics, driven by the structural shift toward professionally refurbished computing solutions globally.

The consolidated results showed a robust performance in Q1 FY27. Revenue from operations reached ₹412.5 Cr, marking a 32.1% increase compared to Q1 FY26. EBITDA stood at ₹52.9 Cr, achieving an EBITDA margin of 12.8%. Profit After Tax (PAT) was reported at ₹28.9 Cr, translating into a PAT margin of 7.0%.

The company's performance against key metrics is detailed in the consolidated highlights:


The growth trajectory was also evident in the expanded scale of operations. Revenue from Operations stood at ₹412.5 Cr, showing a 32.1% year-on-year rise. EBITDA came in at ₹52.9 Cr, reflected by an EBITDA margin of 12.8%, which is an improvement of 156 basis points (bps) year over year. Profit After Tax reached ₹28.9 Cr, achieving a PAT margin of 7.0%, up 108 bps year over year.

Strategic Expansion and Industry Outlook​

Commenting on the results, Mr. Sharad Khandelwal, Managing Director of GNG Electronics Limited, stated that the global ICT industry is undergoing a structural shift toward professionally refurbished computing solutions due to increased enterprise adoption, cost optimization needs, and sustainability initiatives.

He noted that the company began FY27 strongly, delivering ₹412.5 crore in revenue. Mr. Khandelwal highlighted the strengthening of GNG’s global presence through expansion into 49 countries and increasing customer touchpoints beyond 5,100. The company also deepened its market engagement via dealer meets across India and introduced the EB Elite Program to reinforce its distribution ecosystem. Furthermore, a strategic partnership with Redington Limited was noted as an important milestone for expanding reach within organized technology distribution networks in India.

Mr. Khandelwal expressed confidence in the long-term potential of the refurbished ICT sector, noting that GNG Electronics is well positioned to capitalize on this opportunity through its integrated global platform, growing distribution ecosystem, and strong execution capabilities.

Company Overview​

GNG Electronics Limited is recognized as India's largest refurbisher of laptops and desktops and remains among the leading refurbishers of ICT Devices both globally and in India. The company operates across India, USA, Europe, Africa, and UAE.

Following a repairover-replacement approach, GNG provides affordable and reliable premium ICT devices that are functionally and aesthetically comparable to new products, backed by industry-leading warranties. In FY25 alone, the company refurbished nearly 5.9 lakh devices and offered a portfolio of 5,840 SKUs, covering laptops, desktops, tablets, servers, workstations, and accessories.

EBGNG Stock Price Movement​

Shares of GNG Electronics Limited on Thursday slipped by 0.82%, closing at ₹555.85 after trading for the day. The stock saw significant activity, with 674,035 shares traded as it dipped to a session low of ₹536.5.