LG Electronics on Thursday reported a 25.7 percent year-on-year rise in net profit to Rs 489 crore for the second quarter of FY27, compared with Rs 389 crore in the corresponding period last year. The profit was marginally ahead of the CNBC-TV18 poll estimate of Rs 486 crore.
Revenue from operations rose 19.5 percent to Rs 7,380 crore during the July-September quarter, compared with Rs 6,174 crore in the year-ago period. Revenue also exceeded the CNBC-TV18 poll estimate of Rs 7,069 crore.
The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 27.9 percent year-on-year to Rs 701 crore, against Rs 548 crore in the corresponding quarter last year. Operating profitability also improved, with the EBITDA margin expanding by 60 basis points to 9.5 percent from 8.9 percent a year earlier.
Separately, LG Electronics announced that it has approved a proposal to enter a new line of business, namely the Vehicle Solutions Business. The announcement marks a proposed expansion of the company's business operations beyond its existing portfolio.