LG Electronics India (LGEINDIA) Q4 23/24 earnings summary

Executive summary

• Total income for FY24 was ₹215,571 million, up 7% year-over-year from ₹201,122 million.

• Profit after tax rose to ₹15,111 million, a 12% increase from ₹13,449 million in FY23.

• Interim dividend of ₹20,929 million was paid, reducing closing retained earnings to ₹34,403 million.

• No new share capital was raised, and no subsidiaries, joint ventures, or associates exist.

Financial highlights

• Revenue from operations reached ₹213,520 million, up from ₹198,646 million year-over-year.

• EBITDA (profit before interest, tax, depreciation) was ₹24,300 million, up from ₹21,391 million.

• Net profit margin improved to 7.08% from 6.77%.

• Basic and diluted EPS from continuing operations increased to ₹133.57 from ₹119.16.

• Cash and cash equivalents at year-end were ₹22,226 million, down from ₹27,626 million.

Outlook and guidance

• Management expects continued growth in both home appliances and entertainment segments.

• Ongoing focus on energy efficiency, technology upgrades, and localization to drive competitiveness.