Google India, the Indian branch of the Sundar Pichai-led tech giant, posted robust financial results for the fiscal year 2023-24, with operational revenues rising 22.5% to reach Rs 5,518 crore, up from Rs 4,504 crore in FY23.

Including all income streams, total earnings for the year surged to Rs 5,921 crore, a notable increase from Rs 4,700 crore in the previous year.

Despite rising operational expenses, which climbed 16% to Rs 4,184 crore due to higher employee and operational costs, the company recorded a 6% profit growth. Profit after tax (PAT) for FY24 stood at Rs 1,424 crore, up from Rs 1,342 crore in FY23.

Google India’s revenue growth was bolstered by its three core segments: advertising, IT-enabled services, and enterprise products. Advertising revenue, the largest contributor, increased by 27% to Rs 2,954 crore. IT-enabled services revenue rose 16% to Rs 2,389 crore, while enterprise product sales experienced a remarkable 57% jump, climbing from Rs 111 crore in FY23 to Rs 174 crore in FY24.