New Delhi, Nov. 18 -- The maiden quarterly result of LG Electronics India Ltd after it listed in October was nothing close to electrifying. Ebitda fell 27.7% year-on-year to Rs.548 crore in the September quarter (Q2FY26) and the margin contracted 350 basis points (bps) to 8.9%.

Profitability was marred by commodity cost inflation. Raw material costs increased to 70.6% of sales from 68.2% year-on-year and sales promotion expenses were higher. This led to steep earnings per share cuts by brokerages.

Revenue grew 1% year-on-year to Rs.6,174 crore. Even so, this was better than industry peers that reported revenue declining in Q2. LG also gained market share, said Centrum Broking.

The implementation timeline of GST 2.0 weighed on LG's Q2 r...