{"id":973844,"date":"2025-11-14T09:06:32","date_gmt":"2025-11-14T03:36:32","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=973844"},"modified":"2025-11-14T09:48:17","modified_gmt":"2025-11-14T04:18:17","slug":"lg-electronics-q2-profit-slips-27-on-higher-costs","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/11\/14\/lg-electronics-q2-profit-slips-27-on-higher-costs\/","title":{"rendered":"LG Electronics Q2 profit slips 27% on higher costs"},"content":{"rendered":"<p>Consumer electronics major LG India on Thursday reported a decline in September quarter (Q2FY26) net profit and a nearly flat growth in revenue amid GST transition issues, higher costs and deferment of purchases by consumers. <\/p>\n<p>Net profit was down 27.3% y-o-y to Rs 389 crore, while revenue grew at a sluggish pace of 1% y-o-y to Rs 6,174 crore, which the company said was led by a nearly one-and-a half month of a slowdown in sales (between August-September) as consumers waited for the GST rate changes to reflect on products such as ACs, TVs and dishwashers, where tax was rationalised to 18% from 28%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consumer electronics major LG India on Thursday reported a decline in September quarter (Q2FY26) net profit and a nearly flat growth in revenue amid GST transition issues, higher costs and deferment of purchases by consumers. Net profit was down 27.3% y-o-y to Rs 389 crore, while revenue grew at a sluggish pace of 1% y-o-y to Rs 6,174 crore, which the company said was led by a nearly one-and-a half month of a slowdown in sales (between August-September) as consumers waited for the GST rate changes to reflect on products such as ACs, TVs and dishwashers, where tax was rationalised [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-973844","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/973844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=973844"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/973844\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=973844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=973844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=973844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}