Xiaomi India profit plunges 77 pc to Rs 239 cr, revenue dips to Rs 26,697 cr in FY23

New Delhi: Chinese smart device maker Xiaomi Technology’s profit in India nosedived 77 per cent year-on-year to Rs 238.63 crore in the 2022-23 fiscal, according to a regulatory filing. The company had posted a profit of Rs 1,057.7 crore in the preceding financial year.

Xiaomi’s revenue from operations declined by about 32 per cent to Rs 26,697 crore in FY23 from about Rs 39,100 crore in FY22.