New Delhi, Oct 26 (PTI) Samsung India Electronics has registered a 39 per cent rise in net profit at Rs 4,040.9 crore even as its revenue from operations remained flat at Rs 75,886.3 crore in FY2020-21 over the previous fiscal, according to regulatory documents.

Also Read | Moto G200 Specifications Reportedly Emerge Online, Likely To Come With 108MP Camera & Snapdragon 888 SoC.

The electronics giant, which receives a lion's share of its business from mobile phone segment, had logged a net profit of Rs 2,902.6 crore in FY20, while its revenue from operation in that year was at Rs 75,461.5 crore.

Also Read | Bank Holidays in November 2021: Banks To Remain Shut on These Days During the Month, Check State-Wise List of Bank Holiday Dates Here.

Samsung India's total revenue declined by 1.46 per cent to Rs 77,501.4 crore in the fiscal ended March 2021 compared to Rs 78,651.2 crore in the preceding financial year, according to the Registrar of Companies filing - shared by market intelligence firm Tofler.

Samsung India did not respond to a detailed query seeking comments.

There has been a massive surge in demand for electronic products including smartphones, laptops and large screen TVs after the COVID-19 pandemic broke out, leading to people working from home and spending most of their time indoors.

During the financial year 2020-21, the company's total expenses were reduced by 3.38 per cent to Rs 71,898.7 crore as against Rs 74,413.4 crore in the previous year.

Employee benefit expenses were also flat at Rs 2,687.4 crore in FY21 as against Rs 2,702.2 crore earlier.

Samsung India competes with players like Xiaomi and OnePlus in the mobile handset segment and LG, Sony and Panasonic in the TV and appliances segment.

About 72.65 per cent of the FY21 revenue came from phones, while the remaining came from audiovisual (6.51 per cent), home appliances (10.42 per cent), network (3.77 per cent), Software Development and Export (1.61 per cent) and others (5.01 per cent), the documents showed.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)