GNG Electronics rises 13% to record high after Q2 results
In short
GNG Electronics shares jumped 13% on Wednesday to a record high after its Q2FY27 results. The company said net profit rose 72.5% to ₹56.4 crore, revenue increased 42% to ₹624.8 crore, and EBITDA more than doubled.
This matters because the results were strong and the stock had already climbed sharply. The report says demand for refurbished ICT devices helped, but it does not say whether the rally will last.
What the reporting says
GNG Electronics shares hit a record high after rising 13% on Wednesday, following Q2FY27 results. The company reported net profit up 72.5% to ₹56.4 crore, revenue up 42% to ₹624.8 crore, and EBITDA more than doubled, with margins improving on demand for refurbished ICT devices. The report does not state whether the stock’s move will continue or how valuation compares with peers.
Why it matters
GNG Electronics shares climbed 13% to a record high after the company reported Q2FY27 net profit of ₹56.4 crore, up 72.5%, revenue of ₹624.8 crore, up 42%, and a more-than-doubled EBITDA. The report says improved margins were supported by demand for refurbished ICT devices. It does not provide valuation data, guidance, or whether the stock’s rally is sustainable.