LG Electronics Q2 Profit Jumps 25.7% To ₹489 Crore, Shares Surge Nearly 7% To ₹1,807 As Market Cap Crosses ₹1.22 Lakh Crore
Mumbai: LG Electronics India delivered strong financial results for the second quarter of FY27, reporting double-digit growth in revenue and net profit. The company's earnings exceeded market expectations, triggering buying interest in its shares. The stock surged 6.76 percent to Rs 1,807 during Thursday's trading session, taking the company's market capitalisation to approximately Rs 1.23 lakh…
Mumbai: In the second quarter of fiscal year 2027, LG Electronics India experienced robust financial results, surpassing market projections and driving investor interest in its shares. The company's stock rose nearly 7 percent to reach a market capitalization of around Rs 1.23 lakh crore. Here are key details from the Q2 performance:
Revenue grew by 19.5 percent to Rs 7,380 crore, outpacing analyst predictions of Rs 7,069 crore. Net profit surged 25.7 percent to Rs 489 crore, slightly exceeding expectations of Rs 486 crore. EBITDA expanded by 27.9 percent to Rs 701 crore, marking a substantial improvement. The operating margin expanded to 9.5 percent, surpassing the market estimate of 9.4 percent. The stock opened at Rs 1,711, climbing to Rs 1,807 and reaching a market capitalization of Rs 1,22,671 crore.
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