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Google India's net profit increased by six percent to Rs 1,424.9 crore in the financial year 2023-24, while it had earned a net profit of Rs 1,342.5 crore in the financial year 2022-23. Tofler, a website that provides information about companies, gave this information by sharing a document.
New Delhi. Technology company Google India's net profit increased by six percent to Rs 1,424.9 crore in the financial year 2023-24, while it had earned a net profit of Rs 1,342.5 crore in the financial year 2022-23. Tofler, a website that provides information about companies, gave this information by sharing a document on Friday. According to this, the total income of Google India in the last financial year was Rs 7,097.5 crore. In this, revenue from ongoing operations was Rs 5,921.1 crore and revenue from closed operations was Rs 1,176.4 crore.
In FY 2020-21, Google India had filed an application in the National Company Law Tribunal (NCLT) to demerge the company's IT business venture into Google IT Services India Pvt. Ltd. Google said in a filing to the stock market, “During the financial year 2023-2024, the scheme of arrangement was approved by the NCLT vide order dated May 25, 2023 and the scheme in the financial statements was made effective from June 30, 2023. ” Following the approval of the Scheme of Arrangement, the IT business undertakings of Google India were transferred to Google IT Services India Private Limited with effect from April 1, 2021.
Disclaimer: Prabhasakshi has not edited this news. This news has been published from PTI-language feed.
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