Athira Sethu
Kochi, 14 Nov 2025
LG Electronics India on Tuesday said its profit after tax (PAT) dropped 27.3% for Q2 FY26, earning Rs 389 crore compared to Rs 536 crore in the corresponding quarter a year ago. Even though total revenue increased 1% to Rs 6,174 crore, the company was hurt by weaker sales as consumers postponed purchases in anticipation of GST rate cuts. This quarter was also the first since its stock market debut in October this year, which saw shares rise strongly.
Q2 FY26 Financial Highlights
| Metric | Q2 FY26 | YoY Change | Q2 FY25 |
| Profit After Tax (PAT) | Rs 389 crore | -27.3% | Rs 536 crore |
| Total Revenue | Rs 6,174 crore | +1% | Rs 6,113 crore |
| EBITDA | Rs 547.5 crore | -28% | Rs 757.4 crore |
| EBITDA Margin | 8.9% | -3.5% | 12.4% |
Impact of GST Rate Cuts
| Factor | Impact |
| GST Rate Cuts | Consumers delayed purchases until September when prices were reduced. |
| Weaker Sales | Sales were weaker as customers postponed buying electronics and home goods. |
Stock Market Debut
| Metric | Details |
| Stock Listing Date | October 14, 2025 |
| IPO Subscription | 54.02 times over-subscribed |
| Listing Price (NSE) | Rs 1,710.10 per share (50% higher than IPO price) |
| Stock Performance (NSE Close) | Rs 1,672 per share (up 0.89%) |
Product Range and Operations
| Category | Products |
| Home Appliances | Washing machines, refrigerators, air conditioners, microwaves |
| Consumer Electronics | LED TVs, audio systems |
| Manufacturing Locations | Noida (Uttar Pradesh), Pune (Maharashtra) |
LED TVs, audio systems Manufacturing Locations Noida (Uttar Pradesh), Pune (Maharashtra) LG Electronics India posted weaker profitability in Q2 FY26 as consumers postponed purchases in anticipation of GST rate cuts. Revenue inched up, but profit and margins saw a decline. On the bourses, shares of the company rose sharply on their market debut. In spite of all challenges, LG is one of the leading players in the home appliances and consumer electronics markets in India.
