Shares of GNG Electronics surged over 8% in intraday trade after the company reported a robust set of earnings for the December quarter, driven by strong revenue growth, sharp improvement in operating margins, and a near doubling of net profit on a year-on-year basis.
The stock reacted positively as investors cheered the company’s improved profitability and operating leverage, pushing the share price to an intraday high of ₹321.10.
Q3 Results Highlight Strong Growth Momentum
For the third quarter, GNG Electronics reported consolidated revenue of ₹487 crore, marking a strong growth of 40.3% compared with ₹347 crore in the corresponding quarter last year.
Operating performance also strengthened significantly. EBITDA for the quarter stood at ₹54 crore, registering a jump of 76.0% from ₹31 crore reported a year ago. This translated into a notable expansion in profitability, with EBITDA margin improving by 230 basis points to 11.1%, compared with 8.8% in Q3 of the previous financial year.
Net Profit Nearly Doubles YoY
The company’s bottom line showed an even stronger performance. Net profit for the quarter came in at ₹38.7 crore, more than doubling from ₹19 crore in the same period last year. The sharp rise in profit was supported by higher operating margins and better cost efficiencies.
Stock Performance After Results
Following the earnings announcement, GNG Electronics shares witnessed heavy buying interest. The stock traded in a range of ₹309.00 to ₹321.10 during the session, compared with the previous close of ₹291.95. The shares opened at ₹313.00.
On a broader basis, the stock has moved well above its 52-week low of ₹239.00, though it remains below the 52-week high of ₹401.70.