GNG Electronics Q2 results: Net profit rises 73% to ₹56.3 crore, revenue jumps 42% to ₹625 crore

GNG Electronics reported a 72.7% year-on-year increase in consolidated net profit to ₹56.3 crore for the second quarter, compared with ₹32.6 crore in the corresponding quarter last year.

Revenue rose 42% to ₹625 crore from ₹440 crore in the year-ago period, reflecting growth in the company's business during the quarter.

Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 21.3% to ₹93 crore from ₹77 crore a year earlier. However, the EBITDA margin declined to 15% from 17% in the corresponding quarter last year.

GNG Electronics Q2 results

The company's financial performance showed strong growth in revenue and net profit during the quarter. Revenue increased by ₹185 crore year-on-year, while net profit rose by ₹23.7 crore.

EBITDA grew 21.3% to ₹93 crore. However, the EBITDA margin contracted by two percentage points to 15% from 17% in the year-ago quarter.

GNG Electronics share price

GNG Electronics shares closed at ₹686.50 on the BSE, rising ₹27.30, or 4.14%, during the trading session. The stock opened at ₹669.35. It has a 52-week high of ₹740.65 and a 52-week low of ₹239.

About GNG Electronics

Incorporated in 2006, GNG Electronics Limited provides refurbishing services for laptops, desktops and information and communication technology (ICT) devices. The company operates in India and international markets.