Friday, 24 March, 2023

Facebook's profit from India business doubles in FY20 to Rs 135.7 cr

<p>Facebook India&rsquo;s net profit doubled YoY to Rs 135.7 cr for the FY ended March 31, 2020. The operational revenue grew 36% to Rs 1,215.5 cr from Rs 892.4 cr, while total expenses stood at Rs 1,045.6 for FY20. &nbsp;The social media giant has increased its net advertising reseller revenue to Rs 520.4 cr in FY20 from Rs 264 cr, while revenues from IT/ITeS services stood at Rs 695 cr, a marginal increase from the previous year&rsquo;s Rs 628.5 cr.</p>