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Samsung India revenue grows by 10% in FY18

The company also saw a dip of 10.7 per cent in net profit.

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MUMBAI: As per regulatory filings with the Registrar of Companies (RoC), Samsung India saw a net profit fall of almost 11 per cent in FY18. Meanwhile, the revenues of the South Korean giant managed to lead the Indian smartphone market as they grew by 10 per cent to cross Rs 60,000 crore.

Despite its mobile business gross profit dipping in FY18 to Rs 3,415.9 crore crore from Rs 3,474.1 crore in the fiscal earlier, Samsung still emerged as the most profitable consumer electronics and smartphone maker in India. Total income of the company touched Rs 61,065.6 crore in 2017-18 from Rs 55,511.9 crore in the previous year, while net profit dipped by 10.7 per cent to Rs 3,712.7 crore, as per its latest filings. The company witnessed a sales growth of 37 per cent to touch Rs 37,349 crore.

However, Samsung’s television business took a hit last fiscal with sales declining by as much as 3 per cent to Rs 4,512 crore. The gross profit improved by 88 per cent to about Rs 222 crore.

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