LG Electronics India September profit rises 26% year on year

LG Electronics India Limited reported profit of Rs 489.35 crore for the quarter ended September 30, 2026, up 25.7% year on year, as revenue from operations rose 19.5% to Rs 7,380.05 crore. Home Entertainment delivered the largest sequential revenue gain, increasing 57.4% from the June quarter to Rs 2,608.36 crore.

How did LG Electronics India perform in the September quarter?

LG Electronics India increased revenue from operations to Rs 7,380.05 crore in the quarter ended September 30, 2026, from Rs 6,174.03 crore a year earlier. Total income reached Rs 7,465.60 crore, including other income of Rs 85.56 crore, compared with total income of Rs 6,253.81 crore in the September 2025 quarter.

Profit before tax rose to Rs 654.67 crore from Rs 524.86 crore, while profit for the period increased to Rs 489.35 crore from Rs 389.43 crore. Total tax expense was Rs 165.32 crore, compared with Rs 135.42 crore a year earlier. Basic and diluted earnings per share were Rs 7.21, up from Rs 5.74; LG Electronics India stated that quarterly earnings per share are not annualised.

Why was LG Electronics India’s profit lower than in June?

LG Electronics India’s profit before tax fell 25.4% sequentially to Rs 654.67 crore from Rs 878.07 crore in the quarter ended June 30, 2026, although revenue from operations rose 2.0% from Rs 7,233.35 crore. Profit for the period declined 25.0% from Rs 652.86 crore, and earnings per share fell from Rs 9.62 to Rs 7.21.

The filing shows total expenses increasing 5.6% sequentially to Rs 6,810.93 crore, faster than total income, which rose 1.9% to Rs 7,465.60 crore. Cost of materials consumed increased to Rs 4,902.56 crore from Rs 4,537.07 crore, depreciation and amortisation rose to Rs 122.72 crore from Rs 111.81 crore, and other expenses increased to Rs 1,160.56 crore from Rs 1,089.00 crore.

Other income declined to Rs 85.56 crore from Rs 94.74 crore in the June quarter, while interest income rose modestly to Rs 83.47 crore from Rs 82.11 crore. Tax expense fell to Rs 165.32 crore from Rs 225.21 crore alongside the lower pre-tax result. The filing does not provide management commentary assigning a specific cause to the quarterly decline in profit.

Which LG Electronics India segment drove September-quarter growth?

LG Electronics India’s Home Entertainment division produced the largest sequential revenue increase, with revenue from operations rising 57.4% to Rs 2,608.36 crore from Rs 1,656.66 crore in the June 2026 quarter. Its revenue was also 17.2% above Rs 2,226.18 crore in the September 2025 quarter, while segment result rose 19.9% year on year to Rs 336.95 crore.

Home Appliances and Air Solution remained the larger business by revenue, reporting Rs 4,771.69 crore in the September quarter, or about 65% of total revenue from operations. However, its revenue declined 14.4% from Rs 5,576.69 crore in June. Its segment result was Rs 416.41 crore, down from Rs 642.02 crore sequentially but up 28.3% from Rs 324.53 crore a year earlier.

The two segment results totalled Rs 753.36 crore, compared with Rs 605.50 crore a year earlier and Rs 957.48 crore in June. LG Electronics India recorded unallocable expenses of Rs 175.21 crore and finance cost of Rs 9.03 crore, partly offset by interest income of Rs 83.47 crore and unallocable income of Rs 2.09 crore, resulting in profit before tax of Rs 654.67 crore.

What do LG Electronics India’s half-year results show?

LG Electronics India reported revenue from operations of Rs 14,613.40 crore for the half-year ended September 30, 2026, up 17.5% from Rs 12,436.97 crore a year earlier. Profit before tax increased 26.0% to Rs 1,532.74 crore, while profit for the period rose 26.5% to Rs 1,142.21 crore from Rs 902.69 crore.

Home Appliances and Air Solution generated first-half revenue of Rs 10,348.38 crore, compared with Rs 8,856.08 crore in the comparable period. Home Entertainment revenue rose to Rs 4,265.01 crore from Rs 3,580.88 crore. Segment result in Home Entertainment increased to Rs 653.10 crore from Rs 493.45 crore, while the appliances and air solution result increased to Rs 1,062.78 crore from Rs 888.79 crore.

Net cash inflow from operating activities was Rs 1,634.70 crore in the half-year, up from Rs 1,026.86 crore in the prior-year period. Purchases of property, plant and equipment and intangible assets, including capital work-in-progress, were Rs 1,162.82 crore, compared with Rs 589.23 crore. Net cash outflow from investing activities consequently widened to Rs 992.07 crore from Rs 425.46 crore.

How did LG Electronics India’s financial position change?

LG Electronics India’s total assets were Rs 16,045.44 crore at September 30, 2026, compared with Rs 13,636.26 crore at March 31, 2026. Capital work-in-progress increased to Rs 1,785.88 crore from Rs 457.36 crore, while inventories rose to Rs 3,404.19 crore from Rs 2,961.62 crore.

Cash and cash equivalents increased to Rs 5,051.00 crore from Rs 4,476.27 crore at March 31. Total equity rose to Rs 8,809.07 crore from Rs 7,665.56 crore, while total liabilities increased to Rs 7,236.36 crore from Rs 5,970.70 crore. Other financial liabilities within current liabilities rose to Rs 1,264.92 crore from Rs 519.86 crore.

On November 5, 2026, LG Electronics India’s board approved an alteration to its memorandum of association, subject to shareholder approval through a postal ballot. The proposed new object clause would enable activities relating to automotive and mobility technologies, including vehicle electronics, software, telematics and advanced driver-assistance systems.

Conclusion

LG Electronics India combined year-on-year growth in quarterly revenue and profit with a sequential reduction in profit before tax. Home Entertainment supplied the clearest September-quarter revenue momentum at Rs 2,608.36 crore, while Home Appliances and Air Solution remained the larger revenue division at Rs 4,771.69 crore despite its sequential decline.

The next disclosed event to watch is shareholder approval through a postal ballot for the proposed memorandum of association alteration approved by the board on November 5, 2026. The financial statements also show Rs 1,785.88 crore of capital work-in-progress at September 30, 2026, while the results announcement does not detail its future deployment.