LG Electronics India reports sharp decline in third quarter profit

LG Electronics India reported a 62 percent drop in third-quarter profit to 896.7 million rupees. The decline follows a much stronger performance a year ago.

Insights:
The subsidiary of LG Electronics Inc. in India ININ announced on February 11, 2026, a 62 percent decline in its standalone profit for the third quarter ended December 31. The unit reported a profit of 896.7 million rupees, down from 2.33 billion rupees in the prior-year period, signaling deteriorated operational performance. This division is a key component of the South Korea KRKR based parent company.
CEO of LG Electronics William Cho speaks during the listing ceremony of LG Electronics India Limited's Initial Public Offering (IPO) at the National Stock Exchange (NSE) in Mumbai, India, October 14, 2025. REUTERS/Francis Mascarenhas
CEO of LG Electronics William Cho speaks during the listing ceremony of LG Electronics India Limited's Initial Public Offering (IPO) at the National Stock Exchange (NSE) in Mumbai, India, October 14, 2025. REUTERS/Francis Mascarenhas
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