GNG Electronics

GNG Electronics delivered a stellar Q4 FY26 with revenue of ₹651.7 CrCurrent reported value: ₹651.7 Cr. No comparable prior figure is available in the source record. (+43Current reported value: 43. No comparable prior figure is available in the source record.% YoY) and PAT of ₹42.1 CrCurrent reported value: ₹42.1 Cr. No comparable prior figure is available in the source record. (nearly tripled). Full-year revenue grew 34%Current reported value: 34%. No comparable prior figure is available in the source record. to ₹1,891 Cr, with EBITDA margin expanding 166 bps to 10.6%Current reported value: 10.6%. No comparable prior figure is available in the source record.. The outperformance was driven by structural tailwinds from AI-led component shortages (memory, SSD, processors) that have pushed new laptop prices up 40-57% in six months, making refurbished alternatives highly attractive. Management guided for ~25% revenue growth and at least 50 bps PAT margin expansion in FY27, supported by strategic inventory buildup (₹743 Cr) and new distribution partnerships with Ingram Micro and Superron. However, elevated working capital (net debt ~₹300 Cr) and geopolitical risks in the UAE (where key facilities are located) warrant monitoring.