The share price of LG Electronics fell 8.3% to an intra-day low of Rs 1,392 on the National Stock Exchange after the company reported its quarterly results for Q3FY26. The company’s net profit has significantly fallen for the quarter under review. However, the domestic broker Motilal Oswal still retained a ‘Buy’ call on the stock.
Motilal Oswal on LG Electronics
Motilal Oswal said that weak performance in home appliances led to a miss on earnings. The company’s management indicated that LG Electronics India has maintained the number 1 position across key B2C segments, despite a subdued Q3 FY26. This was due to external factors.
The firm has guided a positive outlook for Q4 FY26 with healthy demand across both affordable and premium categories with compressorbased products. The introduction of the new 2026 BEE ratings portfolio is seeing a positive response and consumer preference.
LG Electronics remained focused on continuous product innovation & cost discipline, which aids profitability, said the brokerage house.
The brokerage house maintained a ‘Buy’ rating on the stock. “However, we will review our assumptions after the conference call,” Motilal Oswal said.
LG Electronics Q3FY26 results
LG Electronics reported a net profit of Rs 89.6 crore in the third quarter of the current financial year, tumbling 61.6% year-over-year from Rs 233.4 crore in the same quarter a year ago.
The company’s revenue dropped 6.4% YoY to Rs 4,114.3 crore in Q3FY26, compared with Rs 4,395.5 crore a year earlier, reflecting muted demand conditions in the consumer durables segment.
Its EBITDA fell 42.6% YoY to Rs 195.7 crore in Q3 FY26, as against Rs 340.7 crore in the year-ago quarter, while EBITDA margin contracted 300 basis points to 4.8% from 7.8% last year.
The Home Appliances (H&A) segment’s revenue declined to Rs 2,788 crore in Q3 FY26 from Rs 3,091 crore in Q3 FY25, amid post-Diwali softening in demand.
LG Electronics share performance
The share price of LG Electronics has risen 0.76% in the last five trading days. The stock has surged 9.34% in the past one month. However, the stock has declined by over 10% from the day of its listing. It is yet to retrace its listing highs.