LG Electronics India Faces Profit Dip Amidst Revenue Stagnation
LG Electronics India Ltd reported a 61.58% drop in net profit for the December quarter of FY26. Revenue from operations remained flat, reflecting a challenging economic climate post-Diwali. The company aims to revamp its strategy by expanding its premium product line to improve future performance.
- Country:
- India
In a challenging financial disclosure, LG Electronics India Ltd, a prominent player in the appliance and consumer electronics arena, announced a significant 61.58 percent drop in its net profit for the December quarter of FY26, reducing its profit to Rs 89.67 crore.
Comparatively, the same period last year saw a net profit of Rs 233.45 crore, as revealed in the company's latest regulatory filing. Despite a revenue stream that remained mostly unchanged at Rs 4,114.4 crore, total expenses slightly decreased by 2.77 percent year-on-year to Rs 4,038.36 crore.
With the home appliance and air solutions segment experiencing a 9.8 percent decline in revenue post-Diwali, LG Electronics India now aims to shift focus on enhancing its premium portfolio and releasing new products to revive its earnings trajectory.
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