2 weeks ago

LG India Q1 Net Profit Jumps 27.2%, Revenue Rises 15.5%

LG India Q1 Net Profit Jumps 27.2%, Revenue Rises 15.5%
LG Electronics Q1 net up 27%, revenue rises 15% · financialexpress.com

LG Electronics India makes things like televisions, air conditioners, refrigerators and washing machines.

It just told everyone how its business did in the first three months of its new financial year.

It made a profit of about Rs 653 crore, which is 27% more than in the same time last year.

The money it earned from selling products also went up by about 15%.

More people are buying its premium home appliances, air conditioners and televisions.

Customers also want feature-rich and energy-efficient products, and exports are growing too.

The air conditioner business is doing especially well — the company sold over one million ACs in the first quarter of this calendar year.

It hopes to sell more than two million ACs in the whole year.

The company says demand is still strong and expects to keep growing through the festival season.

Key facts

Net Profit (Q1 FY27)
Rs 652.86 crore, up 27.2% YoY (vs Rs 513.25 crore)
Revenue from Operations (Q1 FY27)
Rs 7,233.35 crore, up 15.5% YoY (vs Rs 6,262.94 crore)
EBITDA
Rs 904 crore, up 26.2% YoY (vs Rs 716 crore)
EBITDA Margin
12.5%, expanded 106 bps YoY
Total Expenses
Rs 6,450 crore, up 14.25%
Home Appliance & Air Solutions Revenue
Rs 5,576.69 crore, up 13.61% YoY
Home Entertainment Revenue
Rs 1,656.65 crore, up 22.28% YoY
Share Price on BSE
Rs 1,578.50, up 0.07%

Quotes

LG Electronics India

Corporate earnings statement

“"Our diversified growth engines, combined with our proven execution capabilities, reinforce our confidence in delivering performance ahead of our FY27 targets of mid‑teen revenue growth and an early double‑digit EBITDA margin."”
freepressjournal.in
“"While geopolitical and macroeconomic headwinds continue, we are actively protecting our margin trajectory through pricing discipline, operational efficiencies and localisation."”
freepressjournal.in

Sources

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