LG Electronics India posts ₹1,534-crore profit in FY19

Consumer durables company LG Electronics India posted a net profit of ₹1,534.50 crore in FY19, clocking 5.52 per cent growth over the previous fiscal.

The company, which is a wholly-owned subsidiary of South Korean consumer durables major LG Electronics, had reported a net profit of ₹1,454.20 crore in FY18. Total revenues for FY19 stood at ₹15,945.20 crore, according to the company’s regulatory filings with the Registrar of Companies (RoC) and sourced by business intelligence platform, Tofler.

It had posted a total revenue of ₹16,059 crore in FY18. The company said the revenue for FY19 is not comparable with previous fiscal years due to the implementation of GST.