LG Electronics Q2: Net Profit Slumps 27% On Higher Expenses, Revenue Crawls

LG Electronics India Ltd.'s net profit for the second quarter of fiscal year 2026 slipped 27.3% year-on-year, according to an exchange filing on Thursday.

The electronics giant reported a consolidated bottom-line of Rs 389 crore compared to Rs 536 crore in the year-ago period.

The revenue saw a slight growth of 1% to Rs 6,174 crore from Rs 6,114 crore in the corresponding quarter of last year.

Higher expenses have weighed on profit, as per the exchange filing. While sales were flat in home appliances and air solution segment, they marginally rose in home entertainment segment.

Liabilities in both the home appliances and air solution segment along with home entertainment segment grew in the quarter under review.

This was the company's first earnings after its stock listed on the exchanges. The shares had debuted on Oct. 14 at a 50% premium over the issue price at Rs 1,719 at the NSE, while they listed on the BSE with a 50.44% premium at Rs 1,715.

• Revenue up 1% at Rs 6,174 crore versus Rs 6,114 crore.

• Ebitda down 27.7% to Rs 547 crore versus Rs 757 crore.

• Margin to 8.9% versus 12.4%.

• Net profit down 27.3% to Rs 389 crore versus Rs 536 crore.

Before the results were declared, the shares of LG Electronics ended 0.96% higher at Rs 1,637.20 apiece on the NSE. This compares to a 0.01% advance in the Nifty 50 index.