Much as the world reeled beneath the Coronavirus pandemic and the consequent lockdowns and limitations, some firms were able to turn massive profits nevertheless. According to regulatory filings made by the business, Google India has had a fairly good year too.
Google India’s net profit for its year was also substantially greater at Rs. 586.2 crore compared to Rs. 472.8 crores last year. In the filing, the business stated”The Board is happy to inform you that during the time starting from April 1, 2019, and ending March 31, 2020, the business has reached a turnover (earnings from operations) of Rs. 53,847 million, which is greater than the prior season of Rs. 39,928 million”
The company also saw its operational costs increase 30.4 percent to Rs. 4,455.5 crore throughout FY20 when compared with Rs. 3,416.5 crore at FY19. A Google India spokesperson is quoted as stating”From the FY19-20 fiscal year, Google India created pre-tax earnings of Rs. 11,383 million, leading to Rs. 3,020 million of corporate taxation payable, and spent almost Rs. 4 billion in our Indian operations”
In its entirety, the firm also said the CSR grants it created in FY20.
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