LG Electronics India announced robust financial results for the second quarter of FY27, reporting a 19.5% year-on-year increase in revenue to ₹73.80 billion. EBITDA grew by 28.0% to ₹7.01 billion, with margins expanding to 9.5%. Profit after tax (PAT) saw a significant rise of 25.7% to ₹4.89 billion, marking a second consecutive quarter of double-digit growth.
LG Electronics India Achieves Strong Momentum in Q2 FY27
LG Electronics India Limited (LGE India) has announced its financial results for the second quarter of Fiscal Year 2027 (Q2 FY27), showcasing strong momentum and a second consecutive quarter of double-digit growth. The company reported a 19.5% year-on-year increase in revenue from operations, reaching ₹73.80 billion, compared to ₹61.74 billion in Q2 FY26.
Key Financial Highlights
EBITDA for the quarter rose by 28.0% to ₹7.01 billion, with an expansion in EBITDA margin by 63 basis points to 9.5%. This improvement was achieved despite headwinds from commodity prices and currency fluctuations. Profit after tax (PAT) demonstrated robust growth, increasing by 25.7% to ₹4.89 billion in Q2 FY27 from ₹3.89 billion in the prior-year period.
First Half Performance
For the first half of FY27 (H1 FY27), LGE India recorded revenue growth of 17.5% to ₹146.13 billion. EBITDA for H1 FY27 grew by 27.9% to ₹16.16 billion, with the EBITDA margin improving by 90 basis points to 11.1%. PAT for the first half increased by 26.5% to ₹11.42 billion.
Segmental Performance
The Home Appliances & Air Solution (H&A) segment reported its highest quarterly growth since listing, with revenue up by 20.9% YoY to ₹47.72 billion. This growth was driven by strong performance across major categories like washing machines, refrigerators, and air conditioners. Segment EBIT grew 28.4% YoY to ₹4.16 billion, with EBIT margin improving to 8.7%.
The Home Entertainment (HE) segment delivered revenue of ₹26.08 billion, an increase of 17.2% YoY, marking its third consecutive quarter of double-digit growth. This performance was led by strong television sales and growth in the B2B Information Display business. Segment EBIT rose by 19.9% to ₹3.37 billion, with EBIT margin improving to 12.9%.
New Business Ventures and Outlook
LGE India also announced its entry into the Vehicle Solutions, In-Vehicle Infotainment (IVI) B2B segment. This initiative aims to bring LG Korea’s automotive infotainment and telematics solutions to India, manufactured at its Sri City plant. Looking ahead, the company expects strong positioning for the festive and wedding seasons and plans to leverage its expanded television lineup and energy-efficient ACs. The company reaffirms its FY27 targets of mid-teen revenue growth and an early double-digit EBITDA margin.
Source: BSE
