LG Electronics India drops after quarterly profit slump

LG Electronics India

12/02/2026 03:56

** Shares of LG Electronics India LGEL.NS slide 5.1% to 1,441 rupees

** Appliances maker set for worst single-day percentage drop on record, if losses hold

** On Tuesday, LGEL's Q3 profit slid 62%, hurt by weak demand for its home appliances and air conditioners

** Q3 profit fell to 896.7 million rupees ($9.9 million) for the October-December quarter, down from 2.33 billion rupees a year earlier

** Q3 rev fell 6% to 41.14 billion rupees, with its largest segment posting a 10% drop

** Analysts tracking stock rate it "buy" on average; median PT is 1,855 rupees - data compiled by LSEG

** Stock turns YTD negative, last down 5.3%

($1 = 90.5025 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))