Synopsis

LG Electronics India reported a net profit of Rs 489 crore for the second quarter of FY27, which is an increase. The profit jumped 27% year-on-year compared to Rs 389 crore from the same period last year. Revenue from operations totaled Rs 7,380 crore, showing a rise of 19.5% from Rs 6,174 crore previously. Following the earnings release, shares of LG India surged nearly 5% on the BSE exchange.

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Home appliance and technology major LG Electronics India on Thursday reported a net profit of Rs 489 crore for the second quarter of FY27, marking a 27% year-on-year (YoY) increase from Rs 389 crore posted in the same period last year.

The company’s revenue from operations came in at Rs 7,380 crore, up 19.5% from Rs 6,174 crore reported in the corresponding quarter of the previous financial year. Following the release, LG India shares rose nearly 5% to the day's high of Rs 1,775.80 on the BSE.

The company reported a 27.9% YoY increase in EBITDA to Rs 701 crore in Q2, compared with Rs 547 crore in the year-ago period. EBITDA margin improved to 9.5% from 8.9% a year earlier, the company said.

LG Electronics India segment-wise revenue

The company said its home appliance and air solutions division was the biggest driver, contributing Rs 4,772 crore from the total revenue from operations. The figure is up 21% from Rs 3,948 in the same period last year. Sequentially, the figure is down from Rs 5,577 crore in the June quarter, the company’s regulatory filing showed.

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The home entertainment division reported revenue of Rs 2,608 crore, up 17% from Rs 2,226 crore in the second quarter of the previous financial year. Sequentially, it reported a sharp 58% from Rs 1,657 crore in the June quarter.

LG Electronics India enters vehicle business

Alongside Q2, the company said it shall foray into the Vehicle Solutions business, expanding its presence into the automotive and mobility sectors. The new business will focus on manufacturing, supplying and servicing advanced automotive electronics and technology solutions, including infotainment systems, in-vehicle displays, digital cockpits, telematics, connectivity solutions, ADAS and automotive software.

Manufacturing of these products will take place at the company's third plant in Sri City, Andhra Pradesh.

The foray is expected to help LG Electronics India diversify its business beyond existing product offerings and tap growth opportunities in the expanding automotive electronics and mobility solutions market. The company aims to benefit from rising demand for connected vehicles, digital cockpits, advanced infotainment systems and intelligent mobility solutions. The move is also expected to strengthen its presence in India's automotive ecosystem, while creating additional revenue streams and supporting long-term business growth.

“The investments shall be undertaken in a phased manner, based on the scale of operations, technology and equipment requirements, regulatory requirements and prevailing market conditions,” the company said in a regulatory filing.

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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

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