LG Electronics India stock gains after Q2 EBITDA beats poll
In short
LG Electronics India’s shares kept rising after the company reported Q2 EBITDA of ₹701 crore, above the CNBC-TV18 poll of ₹663 crore. EBITDA grew 27.9% from a year earlier, and margins improved by 60 basis points.
The stock move shows investors liked the numbers.
What the reporting says
LG Electronics India’s stock extended gains after quarterly EBITDA came in at ₹701 crore, above the CNBC-TV18 poll of ₹663 crore. The company’s EBITDA rose 27.9% year on year, and margins expanded by 60 basis points from last year.
Why it matters
LG Electronics India’s stock extended gains after quarterly EBITDA of ₹701 crore beat the CNBC-TV18 poll of ₹663 crore. The company also reported 27.9% year-on-year EBITDA growth and a 60-basis-point margin expansion. The earnings beat appears supportive for the share price, while the new business move remains unspecified.