Following the announcement of its Q3 results for FY26, Shares of LG Electronics India dropped 8.3% after a 61.6% plunge in profit. The company’s revenue and EBITDA also declined sharply, particularly in home appliances.
LG Electronics India saw its shares plummet by 8.3%, dipping to an intra-day low of ₹1392 on the National Stock Exchange following the company’s Q3FY26 financial results on February 11, 2026.
The company reported a sharp decline in net profit, with Q3 net profit falling 61.6% year-on-year to ₹896 million, down from ₹2.334 billion in the same quarter the previous year. Revenue also showed signs of weakness, dropping by 6.4% year-on-year to ₹41.143 billion, compared to ₹43.955 billion in Q3 FY25.
The decline was largely due to underperformance in the Home Appliances (H&A) segment, with revenue falling from ₹30.91 billion in Q3FY25 to ₹27.88 billion in Q3FY26.
According to a report by the Financial Express, this was linked to weaker demand conditions, particularly following the Diwali season, which traditionally drives consumer purchases in India.
The overall EBITDA for the quarter also saw a significant drop of 42.6%, falling to ₹1.957 billion from ₹3.407 billion in the same quarter last year. As a result, the company’s EBITDA margin contracted by 300 basis points, standing at 4.8% compared to 7.8% in Q3 FY25.
Despite the weak results, Motilal Oswal, a prominent domestic broker, maintained its ‘Buy’ rating on LG Electronics, citing the company’s continued market leadership in key business-to-consumer (B2C) segments.
However, it said that it would review its assumptions after the upcoming conference call to assess the company’s outlook more closely.
In the broader context, LG Electronics’ stock has shown a slight recovery, rising 0.76% over the past five trading days and surging 9.34% in the past month. However, it remains more than 10% below its listing highs, indicating ongoing investor concerns about its performance.
