Google India reported robust financial performance for the fiscal year ending March 2024, achieving a 26% increase in operating revenue to reach Rs 5,518 crore. This significant growth saw profits after tax rise by 6%, bringing the total to Rs 1,424 crore.
According to filings with the Registrar of Companies (RoC), Google India’s revenue from operations surged from Rs 4,504 crore in FY23 to Rs 5,518 crore in FY24. Additionally, the company’s other income experienced a remarkable 106% rise, reaching Rs 403 crore from Rs 195 crore in the previous fiscal, pushing total income for FY24 to Rs 5,921 crore.
Google India’s revenue streams are driven by advertising, IT-enabled services, and enterprise products. In FY24, revenue from IT services grew by 16% to Rs 2,389 crore, while advertising sales—a major contributor—rose 27% to Rs 2,954 crore. Revenue from enterprise products also saw substantial growth, climbing 57% to Rs 174 crore from Rs 111 crore in FY23. These numbers highlight Google India’s continued leadership in digital advertising and an expanding footprint in enterprise services and IT solutions.
On the expense side, employee benefits rose 10% to Rs 1,989 crore, and finance costs increased modestly by 6.4%, totaling Rs 142 crore. Asset-related costs saw slight efficiency gains, with depreciation and amortization costs reducing by 11.6% to Rs 277 crore from the previous year’s Rs 314 crore. Administrative and operational expenses marked a 31% increase, amounting to Rs 1,774 crore, which contributed to Google India’s total expenses reaching Rs 4,184.4 crore—up 16% from FY23’s Rs 3,609.4 crore.
Despite rising competition from platforms like Meta, Amazon, and regional digital advertising providers, Google India has maintained a formidable market position. With a strong portfolio of products like search, YouTube, and Google Ads, Google continues to secure high engagement and revenue growth across its ecosystem.