Mumbai, May 21 (IANS) LG Electronics India on Thursday reported an 8 per cent year-on-year (YoY) decline in net profit to Rs 693 crore for the March quarter (Q4) of FY26.

The company posted a net profit of Rs 755 crore in the corresponding period last financial year (Q4 FY25), according to its stock exchange filing.

Despite the decline on a yearly basis, profit after tax surged sharply by 672 per cent sequentially from Rs 90 crore reported in the December quarter of FY26.

Revenue from operations during the quarter rose 8 per cent year-on-year to Rs 8,054 crore from Rs 7,448 crore in Q4 FY25.

On a sequential basis, revenue jumped 96 per cent from Rs 4,114 crore posted in Q3 FY26, as per its filing.

In an official statement, the company said the strong quarterly performance was supported by broad-based demand recovery and rising premiumisation across categories, including large-panel televisions, French-door refrigerators, fully automatic washing machines and 5-star-rated air conditioners.

LG Electronics India said it continued to maintain market leadership across key product segments during the quarter.

The company also reported an EBITDA margin of 11.7 per cent in Q4 FY26 — marking its best-ever quarterly performance.

However, it noted that year-on-year EBITDA margins were impacted by rupee depreciation and elevated commodity prices, while expressing confidence about margin improvement going forward.

For the full financial year 2026, revenue from operations stood at Rs 24,605 crore, registering a growth of 1 per cent year-on-year.

Commenting on the performance, Hong Ju Jeon, Managing Director of LG Electronics India, said the company delivered its highest-ever quarterly revenue despite a challenging global environment.

He said the company remains focused on customer-centric innovation, premiumisation and calibrated growth strategies to navigate macroeconomic uncertainties.

Jeon added that LG’s “Make-in-India, Make-for-India and Make-India-Global” strategy continues to guide its expansion plans. He said the company’s new Essential Series range is expected to be exported to 22 countries during FY27.

–IANS

pk