New Delhi, Feb. 12 -- Shares of LG Electronics India dropped more than 8% during the session on Thursday, February 12, following the announcement that the prominent appliance and consumer electronics manufacturer experienced a staggering 61.58% decline in its net profit year-on-year, falling to Rs.89.67 crore for the December quarter of FY26.

According to LG Electronics India Ltd's regulatory filing, net profit for the same October-December period last year was reported at Rs.233.45 crore.

In the December quarter of FY26, the company's revenue from operations remained nearly unchanged at Rs.4,114.4 crore, compared to Rs.4,395.53 crore during the same timeframe a year ago.

The total expenses reported by LG Electronics India amounted to ...