LG Electronics India Limited (NSE: LGEINDIA | BSE: 544576) Announces Q2 & H1 FY27 Financial Results and Entry into Vehicle Solutions Business

LG Electronics India Limited (NSE Symbol: LGEINDIA, BSE Scrip Code: 544576) has announced that its Board of Directors met on Thursday, November 05, 2026, approving the unaudited financial results for the quarter and half-year ended September 30, 2026. The Board also approved an entry into a new line of business—the Vehicle Solutions Business—along with a corresponding alteration of the Objects Clause in the Memorandum of Association (MOA), subject to shareholder approval via Postal Ballot.

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Strategic Expansion: Vehicle Solutions Business

The Board approved a proposal to expand operations into the Vehicle Solutions Business, encompassing the manufacturing, assembly, import, export, distribution, sale, integration, and servicing of automotive and mobility technologies, products, components, systems, and software.

Key Details of the New Business Line:

• Product Scope: Advanced automotive electronics and technology solutions, including in-vehicle infotainment systems, digital cockpits, in-vehicle displays, cockpit domain controllers (CDCs), High-performance computing (HPC), Advanced Driver Assistance Systems (ADAS), telematics, human-machine interface (HMI), and automotive software.
• Manufacturing Location: Manufacturing will be established at LG Electronics India’s 3rd plant in Sri City, Andhra Pradesh.
• Investment Strategy: Investments are planned to be executed in a phased manner based on operational scale, technological and equipment needs, regulatory requirements, and prevailing market dynamics.
• Expected Benefits: Strategic diversification beyond existing consumer electronics, tapping into expanding market demand for connected vehicles and smart mobility solutions, and driving long-term revenue growth.
• MOA Alteration: The Board approved the insertion of a new Sub-clause 7 under Main Objects Clause III(A) of the MOA to formally incorporate vehicle and mobility solutions. This is subject to approval by shareholders through a Postal Ballot.

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Financial Performance Overview

The financial results have been prepared in accordance with Ind AS 34 and reviewed by Statutory Auditors Deloitte Haskins & Sells Chartered Accountants LLP, who issued an unmodified limited review report.

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

Financial Highlights

Particulars	Quarter ended September 30, 2026 (Unaudited)	Quarter ended June 30, 2026 (Unaudited)	Quarter ended September 30, 2025 (Unaudited)	Half-year ended September 30, 2026 (Unaudited)	Half-year ended September 30, 2025 (Unaudited)	Year ended March 31, 2026 (Audited)
Revenue from operations	73,800.45	72,333.50	61,740.28	146,133.95	124,369.66	246,049.12
Other income	855.55	947.35	797.79	1,692.65	1,542.05	3,278.97
Total income	74,656.00	73,280.85	62,538.07	147,826.60	125,911.71	249,328.09
Total expenses	68,109.32	64,500.13	57,289.52	132,499.20	113,743.61	226,332.98
Profit before tax	6,546.68	8,780.72	5,248.55	15,327.40	12,168.10	22,995.11
Total tax expense	1,653.20	2,252.09	1,354.21	3,905.29	3,141.21	6,144.18
Profit for the period/year	4,893.48	6,528.63	3,894.34	11,422.11	9,026.89	16,850.93
Total Comprehensive Income	4,889.48	6,545.68	3,884.47	11,435.16	9,025.50	16,953.86
Basic & Diluted EPS (INR)*	7.21	9.62	5.74	16.83	13.30	24.83

*EPS is not annualised for the quarters and half-years.

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Segment-Wise Performance

The company operates across two primary business divisions:

1. Home Appliances and Air Solution Division

• Revenue from Operations:
  • Quarter ended September 30, 2026: INR 47,716.90 Millions (compared to INR 55,766.93 Millions in Q1 FY27 and INR 39,478.52 Millions in Q2 FY26).
  • Half-year ended September 30, 2026: INR 103,483.83 Millions (vs. INR 88,560.82 Millions in H1 FY26).
• Segment Results:
  • Quarter ended September 30, 2026: INR 4,164.08 Millions (vs. INR 6,420.16 Millions in Q1 FY27 and INR 3,245.34 Millions in Q2 FY26).
  • Half-year ended September 30, 2026: INR 10,626.76 Millions (vs. INR 8,887.91 Millions in H1 FY26).

2. Home Entertainment Division

• Revenue from Operations:
  • Quarter ended September 30, 2026: INR 26,083.55 Millions (compared to INR 16,566.57 Millions in Q1 FY27 and INR 22,261.76 Millions in Q2 FY26).
  • Half-year ended September 30, 2026: INR 42,650.12 Millions (vs. INR 35,808.84 Millions in H1 FY26).
• Segment Results:
  • Quarter ended September 30, 2026: INR 3,369.52 Millions (vs. INR 3,154.63 Millions in Q1 FY27 and INR 2,809.70 Millions in Q2 FY26).
  • Half-year ended September 30, 2026: INR 6,531.01 Millions (vs. INR 4,934.53 Millions in H1 FY26).

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Balance Sheet & Cash Flow Highlights

• Total Assets: Reached INR 160,454.36 Millions as at September 30, 2026, up from INR 136,362.55 Millions as at March 31, 2026.
• Capital Work-in-Progress: Rose to INR 17,858.80 Millions as of September 30, 2026, compared to INR 4,573.63 Millions as of March 31, 2026.
• Total Equity: Stood at INR 88,090.72 Millions (Paid-up equity share capital: INR 6,787.72 Millions; Other equity: INR 81,303.00 Millions).
• Operating Cash Flow: Generated net cash inflow from operating activities of INR 16,347.04 Millions for the half-year ended September 30, 2026 (compared to INR 10,268.59 Millions in H1 FY26).
• Investing Cash Flow: Net cash outflow for investing activities was INR (9,920.68) Millions in H1 FY27, including purchase of property, plant, equipment, and intangibles (including CWIP) of INR (11,628.17) Millions.
• Cash and Cash Equivalents: Closed at INR 50,510.00 Millions as of September 30, 2026 (consisting of INR 2,348.36 Millions in bank balances, INR 5.46 Millions cash on hand, and INR 48,156.18 Millions in short-term bank deposits).