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

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.