Facebook India’s net profit doubled YoY to Rs 135.7 cr for the FY ended March 31, 2020. The operational revenue grew 36% to Rs 1,215.5 cr from Rs 892.4 cr, while total expenses stood at Rs 1,045.6 for FY20.  The social media giant has increased its net advertising reseller revenue to Rs 520.4 cr in FY20 from Rs 264 cr, while revenues from IT/ITeS services stood at Rs 695 cr, a marginal increase from the previous year’s Rs 628.5 cr.

Click here to read the full story