Consumer electronics company Samsung India Electronics’ net profit rose 13.73 per cent to Rs 8,188.7 crore in the latest financial year 2023-24. During this period, the company’s operating income increased marginally by 0.30 per cent to Rs 99,541.6 crore. This information has been obtained from financial data obtained through the Tofler business intelligence platform. The company had reported a net profit of Rs 3,450.1 crore and operating income of Rs 96,632.4 crore in the financial year ended March 31, 2023. Samsung India Electronics’ total expenses stood at Rs 91,646.3 crore, up from Rs 93,801.7 crore last year.
Samsung India Total Revenue
According to the news, in the financial year 2023-24, Samsung India’s revenue from domestic market was Rs 60,817.9 million and from exports was Rs 38,723.7 million. Samsung India’s total revenue, including other income, crossed the mark of Rs 1 lakh crore to Rs 1,02,628.3 crore in the financial year ended March 31, 2024. According to data from Toffler, this amount was the most high in the last five years. An email sent to Samsung India Electronics seeking comment on the regulatory information remained unanswered till the time of writing.
At the forefront of the smartphone market
South Korean electronics company Samsung continues to lead the Indian smartphone market by value with a market share of 22.8 percent. Samsung has narrowed the gap with iPhone maker Apple in the third quarter of 2024. This has been said in Counterpoint’s research report. Apple ranked second behind Samsung in the Indian smartphone market in terms of value during the July-September quarter. Samsung currently leads the market in terms of value with a 23 percent share. The brand is prioritizing its flagship Galaxy S series and growing its value-based portfolio.
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