Multibagger GNG Electronics stock jumps 13% to record high after Q2 results, soars 225% from 52-week low: Buy or sell?
60-Word AI Digest
GNG Electronics’ Q2FY27 net profit rose 72.5% to ₹56.4 crore, while revenue grew 42% to ₹624.8 crore and EBITDA more than doubled. Margins improved as demand for refurbished ICT devices supported growth. Shares hit a record high after gaining 13% on Wednesday.
Key Takeaways
- GNG Electronics’ Q2FY27 net profit rose 72.5% to ₹56.4 crore, while revenue grew 42% to ₹624.8 crore and EBITDA more than doubled.
- Margins improved as demand for refurbished ICT devices supported growth.
- Shares hit a record high after gaining 13% on Wednesday.
GNG Electronics’ Q2FY27 net profit rose 72.5% to ₹56.4 crore, while revenue grew 42% to ₹624.8 crore and EBITDA more than doubled. Margins improved as demand for refurbished ICT devices supported growth. Shares hit a record high after gaining 13% on Wednesday.
Original Publisher Attribution
This summary was curated from Livemint.