Philips India Unlisted Shares
Philips India FY23 Revenue Jumps Nearly 5% To Rs 5,734 Crore
Republic World
2 min read
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.
The jump in the company’s revenue from operations highlights a positive upward trend.
It is an opportunity for people to take part in the company’s profit by investing in it.
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