Samsung India profit falls 5 pc to Rs 3,844 crore; revenue up 9 pc to Rs 82,451 crore | Biden News


Samsung India Electronics’ profit after tax for FY22 fell 4.86 percent to Rs 3,844.40 crore, while its income from operations rose 8.65 percent to Rs 82,451.60 crore, data accessed by a business intelligence platform said. Toffler.

The electronics major reported a PAT (profit after tax) of Rs 4,040.80 crore and its income from operations stood at Rs 75,886.30 crore for the financial year that ended March 31, 2021.

Samsung India’s EBITDA (Earnings before interest, taxes, depreciation and amortization) was almost flat at Rs 7,081.80 crore in the last FY22 against Rs 7,093.40 crore.

Its other income grew 77.89 percent to Rs 2,873.20 crore for the financial year that ended March 31, 2022.

Samsung India’s total revenue grew by 10.09 percent to Rs 85,324.80 crore in FY22 against Rs 77,501.40 crore a year ago.

This is the highest in the last five years, according to Tofler’s data.

Samsung India’s total revenue in FY18 stood at Rs 61,065.60 crore and Rs 73,085.90 crore in FY19. It was at Rs 78,651.20 crore in FY20.

Samsung India’s total spending was at Rs 79,758.90 crore for fiscal 2021-22, up 10.93 percent, against Rs 71,899 crore.

A response from Samsung India could not be ascertained till the time of filing the story.

Samsung India Electronics derives its major revenue from the mobile phone business.

Part of South Korean chaebol Samsung Electronics, it also operates in segments such as audio-visual, home appliances, network and software development in Indian market.

(This story has not been edited by Devdiscourse staff and is automatically generated from a syndicated feed.)


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