2 weeks ago
LG Electronics India shares surge on strong Q1 results
LG Electronics is a company that makes TVs, washing machines, refrigerators and air conditioners.
A share is a small piece of a company that people can buy.
LG just shared its money numbers for the first part of the year, and they were very good.
The company sold more things than before and made more money than experts expected.
Because of this, the price of LG's shares went up today.
People who advise others on shares told everyone how well LG is doing.
One advisor said LG is the best company to buy in its industry right now.
LG's leaders also said the company will keep doing well next year.
Everyone is happy because LG is growing nicely.
LG Electronics India shares surged after Nuvama said the company posted a 15 per cent year-on-year rise in Q1 revenue.
EBITDA and adjusted PAT increased 26 per cent and 28 per cent YoY, beating the brokerage's estimates by 2-7 per cent.
Home appliances, accounting for 77 per cent of total revenue, grew 14 per cent YoY on washing machines, refrigerators and summer air-conditioner demand.
Home entertainment revenue and EBIT rose 22 per cent and 49 per cent YoY, led by premium TVs.
Nuvama retained its 'Buy' rating and raised its target price to Rs 1,910 from Rs 1,820, calling LG Electronics its top pick in consumer durables.
- Who
- LG Electronics India, with analysts Nuvama and Motilal Oswal Financial Services commenting on the results.
- What
- LG Electronics India shares surged after strong first-quarter results showed 15 per cent YoY revenue growth.
- Where
- India.
- When
- Today, following the release of the company's first-quarter results.
- Why
- Revenue, EBITDA and adjusted PAT grew strongly and beat estimates, and management raised its outlook for FY27.
Key facts
- Company
- LG Electronics India
- Revenue growth (YoY)
- 15 per cent
- EBITDA growth (YoY)
- 26 per cent
- Adjusted PAT growth (YoY)
- 28 per cent
- Home appliances share of revenue
- 77 per cent, with 14 per cent growth
- Home entertainment growth
- 22 per cent revenue, 49 per cent EBIT
- Nuvama rating
- Buy, top pick in consumer durables
- Nuvama target price
- Rs 1,910 (raised from Rs 1,820)
Sources
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