Philips India reported a rise in revenue from operations

Unlisted Deals:

ador powertron 500.00 (4,900.00 %) amol minechem 601.00 (0.17 %) anglo french drugs 950.00 (2.15 %) anugraha valve 510.00 (0.99 %) apl metals 39.00 (-2.50 %) apollo fashion 92.00 (-4.17 %) arkfin investments 50.00 arohan 250.00 (-1.96 %) assam carbon 310.00 (-1.59 %) avalokiteshvar 242.00 (0.83 %) axles india 680.00 (0.74 %) balmer lawrie 200.00 (-0.99 %) bharat hotels 390.00 (4.00 %) bima mandi 235.00 (-2.08 %) bira 545.00 (-0.91 %) blsx limited 35.00 (2.94 %) boat 1,550.00 (-1.90 %) c & s electric 1,070.00 (1.90 %) cable corporation 20.00 (-18.37 %) capgemini 14,500.00 (-0.68 %) care health 184.00 (-0.54 %) carrier aircon 550.00 (0.92 %) cial 470.00 (1.08 %) csk 195.00 (-1.52 %) dalmia refract 270.00 (-1.82 %) dfm foods 467.00 dsp merrill lynch 1,000.00 east india pharma 39.00 (-2.50 %) eaton fluid 445.00 (1.14 %) electronica plastic 4,500.00 (2.27 %) elgi ultra 400.00 elofic industries 2,850.00 (1.79 %) esl steel 42.00 (-2.33 %) fincare business 87.00 (1.16 %) fincare sfbl 205.00 (1.49 %) finopaytech limited 149.00 (-0.67 %) flipkart india 231,001.00 (0.00 %) frick india 3,400.00 (-2.86 %) gkn driveline 1,750.00 (2.94 %) goodluck defence 296.00 (-1.00 %) group pharma 300.00 gynofem healthcare 59.00 (-1.67 %) hazira cargo terminals limited 205.00 (1.49 %) hdb financial 1,225.00 (-0.81 %) hdfc ergo 370.00 (1.70 %) hdfc securities 10,999.00 (-2.66 %) hella india 900.00 (-2.17 %) hero fincorp 1,965.00 (-0.51 %) hexaware 980.00 (-0.51 %) hicks 1,600.00 (1.59 %) hira ferro 200.00 (2.56 %) honeywell electrical 7,300.00 (1.39 %) ikf finance 320.00 (-3.03 %) incred financial 10.00 (1.01 %) incred holdings 155.00 (-0.64 %) india carbon 1,120.00 (-1.32 %) india exposition 121.00 (0.83 %) indian potash 3,100.00 (-1.59 %) indian seamless 195.00 (2.63 %) indo alusys 25.75 (-0.96 %) indofil 1,430.00 (-0.69 %) infinite computer 405.00 (1.25 %) inkel 22.50 (-2.17 %) jana small finance bank 75.00 kel 535.00 (-0.93 %) kial 137.00 (-0.72 %) klm axiva 15.50 (3.33 %) kurlon limited 1,275.00 (1.59 %) lava 43.00 (-4.44 %) mahindra rural mrhfl 100.00 manipal housing 74.00 (2.07 %) manjushree technopack 850.00 (-2.86 %) martin & harris 820.00 (-1.20 %) matrix gas 810.00 (-2.41 %) merino 3,250.00 (-1.52 %) minosha 282.00 (0.71 %) mitsubishi heavy 207.00 (-0.48 %) mkcl 425.00 (-2.30 %) mobikwik 640.00 (-1.54 %) mohan meakin 2,300.00 (-4.17 %) mohfl 13.25 (-1.85 %) msei 1.80 (-2.70 %) msil 34.00 (3.03 %) nayara energy 690.00 (1.47 %) nayara energy ncd 320.00 (1.59 %) ncdex 200.00 (-0.99 %) ncl buildtek 310.00 (-3.13 %) ncl holdings 106.00 (0.95 %) nsdl 850.00 (3.03 %) nse india 1,800.00 (-2.70 %) onix renewable 19,000.00 (5.56 %) orbis financial 399.00 (-0.25 %) oswal minerals 60.10 (-1.48 %) otis elevator 4,100.00 (2.50 %) oyo rooms 53.00 (-1.85 %) panasonic appliances 262.00 (0.77 %) paymate india 500.00 (-1.96 %) pharmeasy 8.45 (-0.59 %) pharmed limited 660.00 (3.13 %) philips domestic 675.00 (-1.46 %) philips india 925.00 (-0.54 %) pnb metlife 70.00 proyuga adtech 25.00 purity flexpack 20.00 ramaraju surgical 260.00 (-1.89 %) rapido 16,650.00 (0.03 %) rasoi 82,000.00 (2.50 %) reliance gic 490.00 (2.08 %) resins plastics 525.00 (-0.94 %) ring plus aqua 560.00 (1.82 %) rrp s4e innovation 295.00 (-1.67 %) sab miller 535.00 (0.94 %) sbi amc 2,650.00 (-1.12 %) sbi general insurance 621.00 (0.16 %) scottish assam 505.00 (1.00 %) shriram life 261.00 (0.38 %) sigachi laboratories 36.00 (-2.70 %) signify 1,325.00 (-1.85 %) smile microfinance 51.00 (-1.92 %) sterlite grid 5 275.00 (-3.51 %) sterlite power 590.00 (-1.67 %) studds 1,300.00 (-1.89 %) svsml 315.00 (2.94 %) t stanes 800.00 (1.27 %) tata capital 890.00 (-0.56 %) trl krosaki 1,750.00 (-1.41 %) urban tots 64.00 (-1.54 %) utkarsh coreinvest 290.00 (-1.69 %) vikram solar 442.00 (-0.67 %) vivriti capital 1,040.00 (-0.95 %)

Philips India has reported 4.6 per cent rise in revenue from operations at Rs 5,734 crore for FY23

Philips India Limited

Created at 23 Sep 2023 18:00

Philips India has disclosed a 4.6% increase in revenue from operations, totaling Rs 5,734 crore for FY23. However, the profit after tax (PAT) declined by 2.2% to Rs 260 crore, based on financial data sourced from the business intelligence platform Tofler.

In the preceding fiscal year, revenue from operations stood at Rs 5,481.4 crore, while PAT was recorded at Rs 265.9 crore.

Philips India, a subsidiary of the Dutch multinational company Koninklijke Philips N.V., reported an increase in other income to Rs 71.9 crore for FY23, marking a 10.95% growth compared to the previous year. Total income grew by 4.68% to reach Rs 5,805.9 crore. Total expenses also saw a rise, reaching Rs 5,485.1 crore, representing a 3.24% year-on-year increase.

Philips India operates in various verticals, including Personal Health, Health Systems, and Innovation Services, although it is not publicly traded.

Revenue from the Personal Health segment witnessed a decline of 13.78% in FY23, reaching Rs 774.6 crore, compared to Rs 898.5 crore in FY22. This segment includes products related to beauty and grooming, such as hairdryers, hair straighteners, hairbrushes, and beard trimmers. Additionally, it encompasses oral care products like electric toothbrushes and mother and child care items.

Similarly, the Health Systems segment saw a 4.42% decrease in revenue year-on-year, totaling Rs 2,649.3 crore in FY23. In this category, Philips is involved in medical electronic equipment, including Magnetic Resonance Imaging (MRI), ultrasound, and customer services.

"The addressable market has shown a high single-digit de-growth compared to the previous year due to the strong impact of increased healthcare needs during the pandemic," the company noted.

On the other hand, revenue from Innovation Services in FY23 surged by 27.35% to reach Rs 2,172.9 crore. Within this segment, Philips India is engaged in the development of embedded software. Furthermore, revenue from 'others' amounted to Rs 71.4 crore in FY23.

Philips India operates manufacturing facilities in Pune, Maharashtra, and maintains a Software Development Centre in Bengaluru.

News Alert