GNG Electronics Q2 FY27 Results: Consolidated Net Profit ₹56.35 Crore on Total Income of ₹626 Crore
- Earnings
- ICT devices
Reviewed byKeshav SehgalBlacklitt Research
GNG Electronics (NSE: EBGNG) reported consolidated total income of ₹625.59 crore and consolidated net profit of ₹56.35 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. Standalone total income was ₹318.11 crore and standalone net profit ₹24.56 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹625.59 crore, up 42.1% YoY and 50.4% QoQ
- Net profit and EPS: ₹56.35 crore, up 72.5% YoY; basic EPS ₹4.94
- Finance costs: ₹22.04 crore, up 161.2% YoY and 59.0% QoQ
Standalone
The company on its own, without its subsidiaries
- Total income: ₹318.11 crore, up 45.1% YoY and 30.8% QoQ
- Net profit and EPS: ₹24.56 crore, up 216.3% YoY; basic EPS ₹2.15
- Finance costs: ₹12.49 crore, up 162.6% YoY and 46.7% QoQ
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 625.59 | 440.16 | +42.1% | 415.97 | +50.4% | |
| Revenue from operations | 624.81 | 439.92 | +42.0% | 412.46 | +51.5% |
| Other income | 0.78 | 0.24 | +223.7% | 3.51 | -77.8% |
| 56.35 | 32.66 | +72.5% | 28.93 | +94.8% | |
| Profit before tax | 68.08 | 36.12 | +88.5% | 35.74 | +90.5% |
| Finance costs | 22.04 | 8.44 | +161.2% | 13.86 | +59.0% |
| Depreciation | 3.78 | 2.22 | +70.0% | 3.28 | +15.2% |
| Tax expense | 11.73 | 3.46 | +239.2% | 6.81 | +72.2% |
| Net profit margin | 9.01% | 7.42% | +1.59 pp | 6.95% | +2.05 pp |
| EPS, basic (₹) | 4.94 | 2.86 | +72.7% | 2.54 | +94.5% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Profit grew faster than income on a year-on-year basis: net profit rose 72.5% against 42.1% for total income, and profit before tax rose 88.5%. Tax expense rose 239.2% to ₹11.73 crore, so the profit before tax growth was partly absorbed by tax.
Revenue from operations is almost all of total income. Other income of ₹0.78 crore is 0.1% of total income, and it fell 77.8% from the previous quarter, when it was ₹3.51 crore. Finance costs of ₹22.04 crore are 3.5% of total income, against ₹8.44 crore a year earlier, a rise of 161.2%.
The consolidated statement includes Electronics Bazaar FZC and five stepdown subsidiaries. The consolidated net profit of ₹56.35 crore is ₹31.79 crore higher than the standalone figure of ₹24.56 crore. The filing gives the two sets of figures but does not give a split of that difference by subsidiary.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 318.11 | 219.24 | +45.1% | 243.27 | +30.8% | |
| Revenue from operations | 316.58 | 219.00 | +44.6% | 239.76 | +32.0% |
| Other income | 1.53 | 0.24 | +535.7% | 3.51 | -56.4% |
| 24.56 | 7.77 | +216.3% | 15.94 | +54.1% | |
| Profit before tax | 33.20 | 9.98 | +232.7% | 21.98 | +51.1% |
| Finance costs | 12.49 | 4.76 | +162.6% | 8.52 | +46.7% |
| Depreciation | 2.30 | 1.65 | +39.5% | 2.12 | +8.6% |
| Tax expense | 8.64 | 2.21 | +290.1% | 6.04 | +43.0% |
| Net profit margin | 7.72% | 3.54% | +4.18 pp | 6.55% | +1.17 pp |
| EPS, basic (₹) | 2.15 | 0.68 | +216.2% | 1.40 | +53.6% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 216.3% to ₹24.56 crore from ₹7.77 crore a year earlier, faster than total income, which rose 45.1%. Profit before tax rose 232.7%, and tax expense rose 290.1% to ₹8.64 crore.
Standalone finance costs of ₹12.49 crore are 3.9% of total income, up from ₹4.76 crore a year earlier. Other income of ₹1.53 crore is 4.6% of profit before tax of ₹33.20 crore.
Compared with the previous quarter, standalone net profit rose 54.1% and total income rose 30.8%.
The company operates in a single line of business, ICT devices, and reports no separate business segments. Its revenue is split between domestic sales and exports, which the company treats as geographical segments.
Statutory auditor Shankarlal Jain & Associates LLP issued limited review reports without modification on both sets of results. The auditor's review notes Electronics Bazaar FZC's total assets of ₹10,011.88 million and total revenues of ₹3,483.88 million for the quarter, as stated in the auditor's report, which was reviewed by another auditor.
Inference
The Board approved on 03 Nov 2026 enhancements of corporate guarantees for Electronics Bazaar FZC, a material subsidiary: to AED 30 million for Abu Dhabi Islamic Bank, to AED 25 million for The National Bank of Ras Al Khaimah, and to AED 30 million for Commercial Bank of Dubai. It also approved a new guarantee of up to AED 30 million for National Bank of Fujairah. The company says these have no impact on it other than disclosure as a contingent liability, and that the promoter group has no interest in them.
The Board also approved additional ECLGS 5.0 working capital term loans of up to ₹39.95 crore from HDFC Bank, ₹9.80 crore from Kotak Mahindra Bank and ₹10.40 crore from ICICI Bank. The filing does not state the repayment terms or tenure of these loans, or whether a dividend has been declared for the quarter. The reason for the larger guarantees is not stated.
Filed with BSE on . Reference: Original filing (PDF)
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