Facebook India Online Services profit 43% to Rs 505 cr, turnover up 9.3%

Social media major Meta’s advertisement unit, Facebook India Online Services, has posted a 43 per cent growth in profit to Rs 504.9 crore in the financial year ended on March 31, 2024, according to documents shared by Tofler.

The company had posted a profit of Rs 352.91 crore in FY2023.

Facebook India Online Services Private Limited is engaged in the business of selling advertising inventory to customers in India and providing IT-enabled support services and design support services to Meta Platforms Inc.