Meta Reports ₹22,730 Crore Ad Revenue; Google India PAT Rises to ₹1,425 Crore, Sector Revenue Exceeds ₹60,000 Crore

Meta, the parent company of Facebook, Instagram, and WhatsApp, reported advertising revenues exceeding ₹22,730 crore for the fiscal year ending March 31, 2023, reflecting a growth of 24%. In the broader tech and e-commerce sector, major companies including Google, Meta, Amazon, and Flipkart collectively achieved advertising revenues surpassing ₹60,000 crore during the financial year 2023-24. Google India also reported a 6% increase in profit after tax (PAT) to ₹1,425 crore for FY24, with a total income of ₹7,097.5 crore, including ₹5,921.1 crore from continuing operations. Additionally, Google India's revenue surged by 26% to ₹5,921 crore in FY24.