GNG Electronics FY26 Concall Key Highlights 🎮 AI-Driven Structural Shift - AI transforming laptops from productivity tools to AI interfaces. - Chip shortages, rising costs, and sustainability driving global refurbished device demand. - GNG positioned at intersection enabling affordable AI-ready laptops. 🎮Electronics Bazaar Global Brand - Presence expanded to 42 countries (up from 38). - 97% revenue through Electronics Bazaar with 100% warranty backing. - Fully integrated value chain from procurement to after-sales. 🎮Volume and Capacity Metrics - Sold approximately 3,02,000 units in H1 FY26. - Revenue mix: 80% laptops, 20% others. - Current capacity: 1,20,000 units per month with significant scalability. ✏ Geographic Revenue Split (H1) - India: 39.47% - Middle East: 32.24% - Europe/Others: 13.79% - US: 14.50% 💸 Financial Health Indicators - Zero inventory older than 1 year, no historical write-offs. - Receivables cycle stable at 30-35 days. - Warranty failure rate: 2-2.1%, cost: 0.10-0.12%. - Net debt reduced from Rs 390 crore pre-IPO to Rs 158 crore post-IPO. 💵US Tariffs Impact - Laptops under HSN 8471 attract no US tariffs. - China-origin duty reduced from 20% to 10%. - Zero tariff impact as GNG procures and sells within US. ✔Growth Guidance - FY26 revenue growth targeted at 20-25%. - EBITDA margin improvement of 75 basis points. - H2 always stronger (57-60% contribution vs H1 40-43%). 🔸Enterprise Partnerships - Refurbishes for major Indian IT firms, leasing companies. - Partners include US Justice Department, Iron Mountain. - Selected for competitive pricing, sustainability, privacy compliance. 🔹Strategic Expansion Beyond Laptops - Expanding into servers, storage systems, high-end desktops. - Data-center hardware and AI-ready computing systems.