LG Electronics India Ltd. has secured significant tax relief after the Income Tax Appellate Tribunal (ITAT), Delhi, deleted tax additions amounting to approximately ₹1,305 crore across multiple assessment years. According to the company's exchange filing on Thursday, the tribunal order covers FY15, FY17, FY18, FY20 and FY22 in relation to income tax assessments challenged by the company. As reported by ET Now, the tribunal set aside tax additions and demand notices totaling approximately ₹1,305 crore across multiple financial years.
The ITAT deleted all transfer pricing additions, taking into account the Advance Pricing Agreement (APA) signed by the company on January 5, 2026. As reported by the company, the tribunal also deleted corporate tax additions on merits, following its earlier rulings in similar matters involving the company. The Assessing Officer is yet to issue the order giving effect to the ITAT ruling. According to ET Now, the tribunal cited the Advance Pricing Agreement (APA) and earlier favorable rulings in its decision.
LG Electronics India shares advanced by 2.08% to trade at ₹1,521.50 at 9:21 am on Monday, August 3, 2026, placing the stock among top gainers on the Nifty Midcap 150 index. This positive movement reflects immediate market response to the company's recent disclosures and broader market dynamics. The stock's performance comes despite bearish investor sentiment as of July 28, 2026, indicating some resilience in short-term momentum.
LG Electronics India's latest financial results show mixed performance with standalone net profit of ₹1,685 crore for FY2026, representing a 23.51% decrease from ₹2,203 crore in March 2025. However, the company demonstrated stronger quarterly performance with quarterly net profit surging to ₹692 crore in March 2026, marking a substantial 677.53% increase from ₹89 crore in the December 2025 quarter. Sales for the March 2026 quarter were reported at ₹8,053 crore, marking a 95.75% rise from ₹4,114 crore in the preceding quarter. The company's total assets reached ₹13,636 crore as of March 2026, representing an 18.40% increase from ₹11,517 crore in March 2025, with the company maintaining a debt-free status.
