LinkedIn India FY23 revenue stands at Rs 1873 crore
The company has recorded a net profit of Rs 175 crore; advertising spends stood at Rs 129 crore in FY23
LinkedIn India has posted a total revenue of Rs 1873.40 crore for the financial year 2022-23, up from Rs 1,305 crore in the previous fiscal.
The net profit of the company stands at Rs 175.4 crore as on March 31, 2023. It was Rs 115 crore in the previous year.
According to the company's financial data accessed by Tofler, the company’s total expenses stand at Rs 1633 crore in FY22-23, up from Rs 1148 crore in FY21-22.
The company also saw a jump in employee benefit expenses from Rs 818.3 crore to Rs 1153.7 crore.
LinkedIn’s advertising expenses were Rs 129.5 crore in FY23, while it stood at Rs 72.7 crore the previous year.
Depreciation, depletion and amortisation expenses also saw a rise from Rs 79.7 crore in FY22 to Rs 100.1 crore in FY23.
