Tech giant Google’s India subsidiary reported a 11% increase in its net profit to INR 1,436.9 Cr in the fiscal year FY25 from INR 1,294.4 Cr in the previous fiscal. However, its operating revenue dropped by 3.2% to INR 5,340.1 Cr from INR 5,518.1 Cr in the previous year. To note, the company’s revenue largely comes from rendering IT and enabled services, sale of advertising space net, sale of enterprise products net as well as contract balances. While sales within India contributed INR 2,880.9 Cr to the operating income, the remaining INR 2,459.2 Cr came from sales outside India. Apart from this, other income constituted 12.7% of the total income in FY25, where interest on income tax refunds contributed INR 423.1 Cr, along with bank deposits and loans offered to other parties. Including other income of INR 775.8 Cr, overall income rose 3.3% YoY to INR 6,115.9 Cr during the year under review. The Sundar Pichai-led company has been betting big on its growth in India, with its numerous investments lined up to boost its AI capabilities and setting up data centres, as well as backing AI startups in India. About two months ago, Google committed $8 Mn to support… Read MoreInc42 Media
