GNG Electronics Limited — Investor Meet, 10-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

GNG Electronics delivered strong Q2/H1 FY'26 results. Q2 revenue surged to Rs. 439.9 Cr (+25% YoY), with H1 revenue reaching Rs. 752.2 Cr (+24% YoY). PAT for Q2 grew 42% YoY to Rs. 32.6 Cr, and H1 PAT rose 45% YoY to Rs. 51.2 Cr, indicating robust profitability. Gross margins expanded to 19.9% (Q2) and 20.5% (H1).

Management confirmed its FY'26 guidance of 20-25% top-line growth and 75 bps margin improvement. The company is transforming into an AI-driven technology enabler, leveraging its refurbishment model for affordable, high-end, and sustainable computing solutions. Its Electronics Bazaar brand now drives 97% of revenue across 42 countries.

Operational capacity stands at 120,000 units/month, with expansion planned for infrastructure-level refurbishment (servers/data centers). Net debt reduced to Rs. 158 Cr post-IPO, with an anticipated Rs. 10-12 Cr interest savings in H2. The second half is seasonally stronger, and the company maintains a confident outlook on its growth trajectory.