GNG Electronics shares hit record high after strong Q2 results
The stock rose 13 per cent on Wednesday following a 72.5 per cent jump in consolidated net profit.
Shares of GNG Electronics rose 13 per cent on Wednesday, November 4, to reach a record high of ₹776.25 on the BSE. According to Mint, the surge followed the company's September quarter results for FY27, which showed growth in revenue, operating profitability, and net profit.
The company reported a 72.5 per cent year-on-year increase in consolidated profit after tax (PAT) to ₹56.4 crore in Q2FY27, up from ₹32.7 crore in the same quarter last year. Revenue from operations grew 42 per cent to ₹624.8 crore from ₹439.9 crore.
EBITDA more than doubled, rising 100.7 per cent to ₹93.9 crore compared to ₹46.8 crore in Q2FY26. The EBITDA margin expanded by 439 basis points to 15 per cent, while the PAT margin increased to 9 per cent from 7.4% a year ago.
Managing Director Sharad Khandelwal said the global ICT industry is seeing a structural shift toward professionally refurbished computing solutions due to rising device prices and a focus on sustainability. He noted that the company expanded its presence to 55 countries during the quarter.
Jigar S Patel, Senior Manager - Technical Research at Anand Rathi Share and Stock Brokers Limited, said the stock is sustaining above a breakout zone, indicating bullish sentiment. He suggested that traders could look for entry opportunities if the price corrects toward the ₹720–730 support range rather than buying at current high levels.