Philips India FY23 Revenue Jumps Nearly 5% To Rs 5,734 Crore

Philips India FY23 Revenue Jumps Nearly 5% To Rs 5,734 Crore.

• Philips India, a Dutch MNC  Koninklijke Philips NV subsidiary, reported a 4.6% increase in revenue from operations at Rs 5,734 crore, according to financial data accessed by the business intelligence platform Tofler.

• The company operates in 3 segments: Personal Health, Health Systems, and Innovation Services. The company’s financial highlights for FY 2022-23-

  • Other Income increased by 10.95% to Rs 71.9 crore.

  • Total income up by 4.68% to Rs 5,805.9 crore.

  •  PAT declined by 2.2% to Rs 260 crore.

  • Revenue from Innovation Services surged by 27.35%.

  • The Health Systems segment’s revenue declined by 4.42%, and

  • The personal health revenue declined by 13.78%. 

• The company has a diversified product portfolio.

• The company has manufacturing facilities in Pune and Maharashtra and maintains a Software Development Centre in Bengaluru.