Samsung India Electronics receives its major revenue from the mobile phone business.
Photo Credit: Reuters
Samsung operates in mobile, audiovisual, home appliances, network, software development sectors in India
Samsung India Electronics' profit after tax for FY22 fell 4.86 percent to Rs. 3,844.40 crore, while its revenue from operations went up 8.65 percent to Rs. 82,451.60 crore, said data accessed by business intelligence platform Tofler.
The electronic major had reported a PAT (profit after tax) of Rs. 4,040.80 crore and its revenue from operations was at Rs. 75,886.30 crore for the financial year that ended on March 31, 2021.
Samsung India's EBITDA (Earnings before interest, taxes, depreciation, and amortisation) was almost flat at Rs. 7,081.80 crore in the latest FY22 as against Rs. 7,093.40 crore.
Its other income was up 77.89 percent to Rs. 2,873.20 crore for the financial year that ended on March 31, 2022.
Samsung India's total revenue was up 10.09 percent to Rs. 85,324.80 crore in FY22 as against Rs. 77,501.40 crore a year ago.
This is the highest one in the last five years, according to the Tofler data.
Samsung India's total revenue in FY18 was at Rs. 61,065.60 crore and Rs. 73,085.90 crore in FY19. It was at Rs. 78,651.20 crore in FY20.
Total expenses of Samsung India were at Rs. 79,758.90 crore for fiscal 2021-22, up 10.93 percent, as against Rs. 71,899 crore.
A reply from Samsung India could not be ascertained till the time of filing of the story.
Samsung India Electronics receives its major revenue from the mobile phone business.
Part of South Korean chaebol Samsung Electronics, it also operates in segments such as audiovisual, home appliances, network and software development in India market.
Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.
Arc Raiders Hits Over 300,000 Concurrent Players on Steam After Launch
Oppo Reno 15 Series India Launch Timeline Leaked; Reno 15 Mini Also Expected to Debut