LG Electronics India Ltd. JUMP 3.5% AFTER Q2

Shares of LG Electronics India gained 3.5 percent in late-morning trade on Thursday after the company reported a strong set of financial results for the second quarter of FY27. The company's net profit increased 25.7 percent year-on-year, while revenue surpassed market expectations. Investor sentiment was also supported by the company's announcement of plans to enter the automotive and mobility solutions business. LG Electronics India reported a net profit of Rs 489 crore for the July-September quarter, compared with Rs 389 crore in the corresponding quarter last year. Revenue from operations increased 19.5 percent year-on-year to Rs 7,380 crore, against Rs 6,174 crore in the year-ago period. The company's operating performance remained strong, with earnings before interest, taxes, depreciation and amortisation rising 27.9 percent from Rs 548 crore in the corresponding period last year. EBITDA margin improved by 60 basis points to 9.5 percent, compared with 8.9 percent a year earlier. In a major strategic development, LG Electronics India announced plans to expand into the automotive and mobility solutions segment. The proposed diversification is expected to broaden the company's existing product portfolio and strengthen its presence in India's growing automotive and mobility ecosystem. The company expects the new business vertical to create additional revenue streams, unlock fresh business opportunities and support its long-term growth strategy.