What was GNG Electronics's revenue in Q4 FY26?

GNG Electronics reported revenue of ₹652 Cr in Q4 FY26, a +43% change year-over-year.

Did GNG Electronics management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

GNG Electronics Q4 FY26 Research Workspace: Revenue ₹652 Cr (+43%)

Q: What guidance did GNG Electronics management give?

Revenue growth ~25% in FY27: Management guided for approximately 25% revenue growth in FY27, driven by structural tailwinds and expanded distribution.

Revenue ₹652 Cr +43%

EBITDA ₹64 Cr

PAT ₹42 Cr

EBITDA Margin 9.8% +307bps

Duration 62 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

GNG Electronics delivered a stellar Q4 FY26 with revenue of ₹651.7 Cr (+43% YoY) and PAT of ₹42.1 Cr (nearly tripled). Full-year revenue grew 34% to ₹1,891 Cr, with EBITDA margin expanding 166 bps to 10.6%. 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.

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Risk Intelligence

Geopolitical risk in UAE operations

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Quarter Snapshot

Total units sold (FY26) 727,000

+23% YoY

Full year volume grew from 590,000 units in FY25, driven by strong demand across laptops (81% mix).

Blended ASP (Q4 FY26) ₹27,000

+3.8% QoQ

ASP increased from ₹26,200 in Q3, reflecting better product mix and pricing power.

Global touch points 4,895

+18% YoY

Expanded from 4,154 at start of FY26, covering enterprises, distributors, and channel partners.

Countries served 46

+8 YoY

Increased from 38 countries at the beginning of FY26, with strong growth in US and Europe.

Fast read

Guidance and risk preview

Top guidance Revenue growth ~25% in FY27

Management guided for approximately 25% revenue growth in FY27, driven by structural tailwinds and expanded distribution.

Top risk Geopolitical risk in UAE operations

Escalating conflict in West Asia could disrupt logistics or operations at UAE facilities, though management downplays impact citing air shipments a...