LG Electronics India shares jump as Q2 profit rises 26%

LG Electronics India shares rose around 3.5% on Thursday after the company reported a strong second quarter for FY27, with net profit and revenue beating estimates, and announced plans to foray into the automotive and mobility solutions ***** profit for the July-September quarter jumped 25.7% year-on-year to Rs 489 crore, compared with Rs 389 crore in the year-ago period. Revenue from operations rose 19.5% to Rs 7,380 crore from Rs 6,174 crore. Both figures came in ahead of street expectations. EBITDA grew nearly 28% to Rs 701 crore, with the margin expanding 60 basis points to 9.5%.The board also approved entry into the vehicle solutions business, covering manufacturing, assembling, distribution, and related services for automotive and mobility technologies, products, components, systems, and software. Production is planned at the company’s third plant in Sri City, Andhra Pradesh. The move aims to tap demand for connected vehicles, digital cockpits, and advanced infotainment systems while creating new revenue streams.