LG Electronics India Limited Reports Q2 & H1 Financial Results; Approves Entry into Vehicle Solutions Business

The Board of Directors of LG Electronics India Limited (NSE: LGEINDIA | BSE: 544576) met on Thursday, November 05, 2026, and approved the unaudited financial results for the quarter and half-year ended September 30, 2026. In addition to reviewing financial performance, the Board approved a strategic proposal to enter a new line of business—the Vehicle Solutions Business—and recommended an alteration to the Objects Clause of the Memorandum of Association (MOA), subject to shareholder approval via Postal Ballot.

---

Financial Performance Highlights

(All monetary figures are in INR Millions, unless otherwise stated)

Quarter Ended September 30, 2026 (Q2)

• Revenue from Operations: INR 73,800.45 Millions, compared to INR 72,333.50 Millions in the preceding quarter ended June 30, 2026, and INR 61,740.28 Millions in the quarter ended September 30, 2025.
• Total Income: INR 74,656.00 Millions, compared to INR 62,538.07 Millions in the corresponding quarter of the previous year.
• Profit Before Tax (PBT): INR 6,546.68 Millions, compared to INR 8,780.72 Millions in Q1 ended June 30, 2026, and INR 5,248.55 Millions in Q2 ended September 30, 2025.
• Profit for the Period (Net Profit): INR 4,893.48 Millions, up from INR 3,894.34 Millions in Q2 ended September 30, 2025.
• Total Comprehensive Income: INR 4,889.48 Millions.
• Earnings Per Share (EPS): Basic and Diluted EPS stood at INR 7.21 (not annualised), compared to INR 5.74 in Q2 ended September 30, 2025.

Half-Year Ended September 30, 2026 (H1)

• Revenue from Operations: INR 146,133.95 Millions, compared to INR 124,369.66 Millions for the half-year ended September 30, 2025.
• Total Income: INR 147,826.60 Millions, compared to INR 125,911.71 Millions in the prior-year period.
• Profit Before Tax (PBT): INR 15,327.40 Millions, up from INR 12,168.10 Millions in H1 ended September 30, 2025.
• Profit for the Period: INR 11,422.11 Millions, representing growth from INR 9,026.89 Millions in the corresponding half-year of 2025.
• Earnings Per Share (EPS): Basic and Diluted EPS stood at INR 16.83 (not annualised), compared to INR 13.30 in H1 ended September 30, 2025.

---

Segment Performance

1. Home Appliances and Air Solution Division

• Quarter ended September 30, 2026:
  • Segment Revenue from Operations: INR 47,716.90 Millions (vs. INR 39,478.52 Millions in Q2 ended September 30, 2025).
  • Segment Results: INR 4,164.08 Millions (vs. INR 3,245.34 Millions in Q2 ended September 30, 2025).
• Half-year ended September 30, 2026:
  • Segment Revenue from Operations: INR 103,483.83 Millions (vs. INR 88,560.82 Millions in H1 ended September 30, 2025).
  • Segment Results: INR 10,626.76 Millions (vs. INR 8,887.91 Millions in H1 ended September 30, 2025).

2. Home Entertainment Division

• Quarter ended September 30, 2026:
  • Segment Revenue from Operations: INR 26,083.55 Millions (vs. INR 22,261.76 Millions in Q2 ended September 30, 2025).
  • Segment Results: INR 3,369.52 Millions (vs. INR 2,809.70 Millions in Q2 ended September 30, 2025).
• Half-year ended September 30, 2026:
  • Segment Revenue from Operations: INR 42,650.12 Millions (vs. INR 35,808.84 Millions in H1 ended September 30, 2025).
  • Segment Results: INR 6,531.01 Millions (vs. INR 4,934.53 Millions in H1 ended September 30, 2025).

---

Strategic Move: New Vehicle Solutions Business

The Board approved entering the Vehicle Solutions Business, expanding the company’s portfolio beyond consumer electronics into advanced automotive technologies and mobility solutions.

• Scope of Activities: Manufacture, supply, and servicing of automotive infotainment systems, in-vehicle displays, head units, digital cockpits, telematics and connectivity solutions, vehicle computing systems, cockpit domain controllers (CDCs), High-performance computing (HPC), Advanced Driver Assistance Systems (ADAS), human-machine interface (HMI), and automotive software.
• Manufacturing Facility: Manufacturing will take place at LG Electronics India's 3rd plant located in Sri City, Andhra Pradesh.
• Rationale & Benefits: The initiative is designed to drive business diversification, access growth opportunities in connected vehicles and smart mobility, enhance LG's presence in India’s automotive ecosystem, and generate long-term revenue streams.
• Investment Plan: Investments will be made in a phased manner based on operational scale, technological and equipment needs, regulatory demands, and market conditions.
• MOA Amendment: The Board approved inserting Sub-clause 7 under Main Objects Clause III(A) of the Memorandum of Association, subject to approval by shareholders through a Postal Ballot.

---

Balance Sheet & Cash Flow Summary

• Total Assets: Increased to INR 160,454.36 Millions as of September 30, 2026, compared to INR 136,362.55 Millions as of March 31, 2026.
• Capital Work-in-Progress: Rose to INR 17,858.80 Millions as at September 30, 2026, compared to INR 4,573.63 Millions as at March 31, 2026.
• Cash & Cash Equivalents: Totaled INR 50,510.00 Millions as of September 30, 2026 (including bank deposits of INR 48,156.18 Millions with original maturity of less than three months), up from INR 44,762.65 Millions as of March 31, 2026.
• Operating Cash Flow: Net cash inflow from operating activities for the half-year ended September 30, 2026, reached INR 16,347.04 Millions, compared to INR 10,268.59 Millions in the corresponding prior-year period.
• Capital Expenditure & Investing Activities: Net cash outflow from investing activities stood at INR (9,920.68) Millions for H1, driven by INR (11,628.17) Millions for the purchase of property, plant, equipment, and intangible assets (including CWIP and assets under development).

---

Auditor's Review

The statutory auditors, Deloitte Haskins & Sells Chartered Accountants LLP, have issued an unmodified conclusion on the Unaudited Financial Results for the quarter and half-year ended September 30, 2026, confirming compliance with Ind AS 34 and Regulation 33 of the SEBI Listing Regulations.