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Google India revenue rises 29% to Rs 93.38 bn in 2017-18, profit up 33%

Press Trust of India/New Delhi 11 Oct 18 | 07:10 PM

Tech giant Google saw its India revenues grow 29 per cent to about Rs 93.38 billion in 2017-18 over the previous financial year, as per regulatory documents.

Google India's total revenue was at Rs 9,337.7 crore during 2017-18 as against Rs 72.395 billion in 2016-17, according to Registrar of Companies filing shared by market intelligence firm Tofler.

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The net profit was higher by about 33 per cent at Rs 4.072 billion last fiscal as compared to Rs 3.066 billion in the previous year.

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Google India's total expenses rose nearly 29 per cent to Rs 87.109 billion from Rs 67.604 billion in 2016-17 as the company continues to invest heavily in the fiercely competitive Indian market where it offers services like cloud and payments.

According to the filing, advertising revenue contributed about 69 per cent of the company's turnover, while the share of IT-enabled services stood at 18 per cent and that of IT services was at 13 per cent.

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During 2017-18, Google India made 10 CSR grants, totalling about Rs 203 million to NGOs working to improve the quality of education, and for safety of children.

Besides, the NGOs used CSR grants to experiment with new technologies to enhance their work, and to create innovative new products to make work and teaching more accessible, it said.

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