LG Electronics India’s shares surged nearly 8.6% on Friday following a robust quarterly performance that exceeded profit forecasts and highlighted strategic expansion into renewable energy and premium product sales.
LG Electronics India shares climbed sharply on Friday after the consumer durables maker posted a strong quarterly update that topped expectations on profitability and highlighted continued momentum in appliances and entertainment products.
The stock rose as much as 8.63% to an intraday high of ₹1,714, close to its 52-week peak of ₹1,749 reached in October 2025. By 12.05 pm, it was trading at ₹1,703.40, up ₹125.10, or 7.93%, from the previous close. Volume was heavy, with 65.85 lakh shares changing hands and turnover at ₹1,105.84 crore, while the share opened higher at ₹1,620 and held its gains through the morning session.
According to the company’s latest results, LG Electronics India reported its highest quarterly revenue of ₹80.54 billion for the quarter ended June 2026, up 8.1% from a year earlier. EBITDA came in at ₹9.45 billion, with a margin of 11.7%, and profit after tax was ₹6.93 billion. For the full 2026 fiscal year, revenue from operations rose 1% to ₹246.05 billion, even as annual net profit declined, reflecting a tougher profit backdrop over the year. The company also said it had signed long-term solar power purchase agreements, its first captive renewable energy project in India.
Brokerage commentary was positive, with Motilal Oswal Financial Services describing the quarter as an EBITDA beat. The firm said operating profit was about 8% ahead of its estimate and margins widened to 12.5% from 11.4% a year earlier. It said the Home Entertainment business was the standout, while the Home Appliances and Air Solutions division, the largest revenue contributor, continued to grow at a healthy pace. Motilal Oswal said it would revisit its target price after management’s conference call.
Management has pointed to premium product sales, export expansion and growth in business-to-business and annual maintenance services as drivers of future earnings. The company has also cited its Sri City manufacturing base and deeper localisation as longer-term supports for margins, even as investors weighed near-term profit booking after the sharp run-up in the share price.
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