3 months ago
1
Google India registered a level standalone nett of ₹1,436.9 crore successful the fiscal twelvemonth ended March 2025 owed to little gross and higher worker and taxation expenses, according to a regulatory papers shared by marketplace quality steadfast Tofler.
The institution logged a nett aft taxation of astir ₹1,425 crore successful the preceding fiscal year.
When contacted, a Google India spokesperson said that the fiscal numbers of 2025 were not comparable with those of 2024.
“Profit of Rs 1,425 crore for 2024 includes nett from the IT division. The IT part was demerged into a abstracted institution (Google IT Services), truthful the 2025 GIPL nett numbers bash not bespeak IT part profit,” the spokesperson said.
The spokesperson further said that the nett gross for 2024 includes accommodation (addition) of ₹229 crore, which pertains to the gross of fiscal years 2016-17 to 2022-23 but reflected successful 2024 based connected the BAPA statement signed with the Indian government.
A enactment successful the company’s fiscal study said the institution entered into a Bilateral Advance Pricing Agreement (BAPA) with the Central Board of Direct Taxes (CBDT) nether Section 92CC of the Income Tax Act, 1961, covering transactions pertaining to the acquisition of advertisement abstraction and endeavor products from Google Asia Pacific (GAP) successful March 2024.
Under the presumption of the BAPA, the institution has agreed to the arm’s magnitude terms successful narration to the acquisition of advertisement abstraction and endeavor products from GAP for fiscal years 2016-17 to 2024-25.
“Pursuant to the BAPA successful narration to the aforesaid transactions, the institution has recognised the further income of Rs 2,297 for 2016-17 to 2022-23 nether the caput gross from operations (net) successful its fiscal connection for the twelvemonth ended March 31, 2024, and the further income of Rs 2,297 has been offered to taxation by the company.
The gross from operations of Google India declined by 3.2% to ₹5,340 crore during the reported fiscal from ₹5,518 crore successful FY24.
Total gross of Google India accrued by 3.2% to ₹6,116 crore from ₹5,921 crore a twelvemonth ago, an relationship of “other income” of astir Rs 776 crore.
According to the investigation done by Tofler, the nett borderline of Google India besides declined to 23.49% from 24.06% a twelvemonth ago.
“The company’s full expenses for the fiscal twelvemonth were reported arsenic Rs 4,136 crore,” Tofler said.
The institution posted a 7.8% summation successful worker payment disbursal to astir ₹2,146 crore successful FY25 from ₹1,989 crore successful the year-ago period.
The full taxation disbursal of Google India during the reported fiscal accrued by 22.6% to astir ₹543 crore successful FY25 from implicit ₹442 crore successful FY24.
