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LG Electronics India share price: Shares of LG Electronics India climbed 3.5 percent to Rs 1,751 in late-morning trade on Thursday, after the company reported a 25.7 percent year-on-year rise in net profit for the second quarter of FY27, with revenue exceeding market expectations. The company also announced plans to enter the automotive and mobility solutions business.
LG Electronics India reported a net profit of Rs 489 crore for the July-September quarter, compared with Rs 389 crore in the corresponding period last year. The profit was marginally ahead of the CNBC-TV18 poll estimate of Rs 486 crore.
Revenue from operations rose 19.5 percent year-on-year to Rs 7,380 crore, against Rs 6,174 crore in the year-ago period. Revenue also exceeded the CNBC-TV18 poll estimate of Rs 7,069 crore.
The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 27.9 percent to Rs 701 crore, compared with Rs 548 crore a year earlier. Operating profitability improved, with the EBITDA margin expanding by 60 basis points to 9.5 percent from 8.9 percent in the corresponding quarter last year.
On the expenditure front, the cost of materials consumed increased 26.6 percent year-on-year to Rs 4,902.5 crore, while total expenses rose 18.9 percent to Rs 6,810.9 crore.
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LG Electronics to enter vehicle solutions business
In a separate announcement, LG Electronics India said it has approved a proposal to enter a new line of business called the Vehicle Solutions Business, marking a diversification into the automotive electronics and mobility solutions sector.
The proposed business will encompass manufacturing, assembling, importing, exporting, distributing, trading and selling automotive and mobility technologies, products, components, systems and software. It will also cover installation, integration, servicing, maintenance and related solutions.
The company said the expansion would provide access to emerging opportunities arising from increasing demand for connected vehicles, digital cockpits, advanced infotainment systems and intelligent mobility solutions.
LG Electronics India expects the new business to help diversify its existing product portfolio and strengthen its presence in India's automotive and mobility ecosystem. The company also identified potential new revenue streams, additional business opportunities and long-term growth prospects as key benefits of the proposed expansion.
LG Electronics India share price performance
LG Electronics India shares were trading at Rs 1,751 in late-morning trade on Thursday, up 3.5 percent for the session. The stock has gained 18.6 percent so far in 2026, significantly outperforming the Nifty 50, which has declined 6.8 percent over the same period. At the current share price, LG Electronics India commands a market capitalisation of approximately Rs 1.19 lakh crore.
