New Delhi, Nov. 14 -- LG Electronics share price came under selling pressure in Friday's trading session, November 14, falling 5% to the day's low of Rs.1,590 apiece as investors appeared disappointed with the company's September-quarter numbers, which were released post-market hours on Thursday.
The company reported a 27.3% year-on-year decline in net profit to Rs.389 crore in Q2, compared to Rs.536 crore in the same period last year. Sequentially, net profit was also lower, as the home appliance maker had reported Rs.513 crore in the first quarter of FY26.
Consumer durables companies faced weak demand, as consumers postponed spending until late September, when a broad-based consumption tax reduction came into effect, lowering prices o...
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