New Delhi, February 11 LG Electronics India Ltd, one of the leading manufacturers of appliances and consumer electronics, reported a significant 61.58 per cent year-on-year decline in its net profit to Rs 89.67 crore in the December quarter of FY26.
The company had reported a net profit of Rs 233.45 crore during the October-December period a year ago, LG Electronics India Ltd said in a regulatory filing.
Its revenue from operations remained almost flat at Rs 4,114.4 crore in the December quarter of FY26. This was Rs 4,395.53 crore in the corresponding period a year ago.
Total expenses of LG Electronics India were Rs 4,038.36 crore in the third quarter of FY26, down 2.77 per cent year-on-year.
This is the second quarterly results since LG Electronics India's listing in October last year, part of the South Korean conglomerate LG Electronics Inc.
LG Electronics India's revenue from the home appliance and air solutions (H&A) segment was marginally down by 9.8 per cent at Rs 2,788.09 crore during the latest December quarter. This was Rs 3,090.90 crore a year ago.
This decline in revenue was due to the "weakening demand" post-Diwali, the company said in its earnings statement.
Its H&A businesses include products such as air conditioners, refrigerators, microwave ovens, washing machines, dishwashers, compressors, HVAC, water purifiers, and air purifiers.
Its home entertainment (HE) segment revenue marginally grew by 1.6 per cent y-o-y in Q3/FY26.
The HE segment includes televisions (flat panel, signage, projectors, monitor TVs), audio visual equipment, monitors, and personal computers.
A reduction in GST rates provided an initial boost to revenue performance in Q3 FY26, helping the segment maintain revenue levels broadly in line with the previous year, it said.
Total consolidated income of LG Electronics India, which includes other income, was at Rs 4,190.04 crore in the December quarter of FY26, down 6.35 per cent.
Regarding its Q4 FY26 performance guidance, the company said it is focusing on a two-pronged strategy by expanding its premium portfolio and strengthening its product line, aided by new product launches across categories.
Shares of LG Electronics India closed at Rs 1518.15 on the BSE, down 1.50 per cent from the previous close.