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LG Electronics Q2 results: Net profit up 25.6% to ₹489 cr, revenue up 20%
Sentiment: PositiveHigh Priority
What Happened?
LG Electronics India reported a 25.65% increase in net profit to ₹489.34 crore for Q2 FY27, with revenue rising 19.53% to ₹7,380.04 crore. The company attributed this growth to effective management despite challenges.
Key points
- Net profit increased to ₹489.34 crore from ₹389.43 crore year-on-year.
- Revenue from operations rose to ₹7,380.04 crore, up from ₹6,174.03 crore.
- EBITDA grew by 28% to ₹701 crore with a margin of 9.5%.
- Home Appliance & Air Solutions segment revenue increased by 20.86% to ₹4,771.69 crore.
- Home Entertainment segment revenue grew by 17.16% to ₹2,608.35 crore.
Key insights
- The growth in the Home Appliance segment suggests increasing consumer preference for premium products.
- LG's entry into the Vehicle Solutions segment may diversify its revenue streams and enhance market presence.
- The company's strong performance could attract more investors, reinforcing shareholder confidence.
Why it matters
The results indicate strong performance in a competitive market, reflecting consumer demand for LG's products.
Entities
LG Electronics India Ltd· CompanyAndhra Pradesh· State
Source
Business Standard
