LG Electronics Q3 profit slumps on demand concerns

LG Electronics India on Wednesday reported a sharp drop in consolidated net profit, hit by weaker demand in home appliances, especially in the post-festive period. The company posted a 61.6% year-on-year (y-o-y) fall in net profit to nearly Rs 90 crore in Q3FY26, below Street estimates of Rs 205 crore for the period.

Revenue from operations fell 6.4% y-o-y to Rs 4,114 crore, against a Bloomberg consensus estimate of Rs 4,330 crore. Earnings before interest, tax, depreciation and amortisation (Ebitda) declined 42.4 per cent y-o-y to Rs 196 crore as operating expenses remained elevated, sector analysts said. Street estimates had pegged Q3 Ebitda at Rs 323 crore.