LG Electronics India Q2 FY27: standalone PAT +25.7% YoY to ₹489 Cr as revenue grows 19.5%

LG Electronics India's standalone revenue from operations rose 19.5% YoY to ₹7,380.0 Cr (₹6,174.0 Cr in Q2 FY26) and net profit climbed 25.7% YoY to ₹489.3 Cr (₹389.4 Cr), with no exceptional items on either side of the comparison. Sequentially, PAT fell 25.0% from Q1 FY27's ₹652.9 Cr and OPM slipped from 12.50% to 9.50% — a seasonal pattern typical of the AC-heavy Home Appliances & Air Solutions segment, whose revenue fell 14.4% QoQ to ₹4,771.7 Cr after the April-June summer peak, even as it still grew 20.9% YoY. This sequential dip is a seasonality artifact, not a deterioration: the primary YoY read shows both margins expanding — OPM (EBITDA margin) 9.50% vs 8.87% a year ago (+63 bps) and NPM 6.56% vs 6.23% (+33 bps) — while the Home Entertainment segment grew revenue 57.5% QoQ to ₹2,608.4 Cr (+17.2% YoY) on pre-festive dispatch ahead of Diwali offers announced October 7.

Against management's own FY27 guidance from the May 2026 concall — mid-teen revenue growth and early double-digit EBITDA margins — this quarter's 19.5% YoY revenue growth beats the mid-teens bar, while the standalone Q2 OPM of 9.50% falls just short of the "early double-digit" target; however, the H1 FY27 blended OPM works out to 11.06% (H1 revenue ₹14,613.4 Cr, H1 PAT ₹1,142.2 Cr, +26.5% YoY), which is within the guided band, so the full-year trajectory still looks on track even though this standalone quarter alone undershoots on margin. No verified sell-side consensus estimate specifically for this Q2 FY27 print was found in a web search, so vsStreet is marked unknown rather than invented; FY27 full-year consensus revenue of roughly ₹28,000 Cr circulating among brokerages implies the company is tracking toward or ahead of that full-year number given H1's pace. No management press release or MD&A commentary beyond the regulatory board-outcome letter was available with this filing, so there is no company framing to cross-check against the numbers this quarter.

The stock went into the print at ₹1,713, down 2.6% over the past month of trading.

EPS ₹7.21 (basic & diluted, not annualised) vs ₹5.74 a year ago — effective tax rate steady at ~25.3%.

The same board meeting that approved these results also approved LG's entry into a new Vehicle Solutions (automotive electronics) business — in-vehicle infotainment, ADAS, cockpit domain controllers and related software — to be manufactured at the Sri City plant, subject to shareholder approval via postal ballot; this is the company's first disclosed diversification beyond its core appliances and TV portfolio and does not affect this quarter's reported numbers. Separately, the company carries a ₹153.5 Cr customs show-cause notice received September 25, 2026 during the quarter, and was fined a further ₹3.61 Cr by customs on October 31, 2026 (after the quarter closed) — neither is reflected in this P&L and both remain open items.