Mumbai, April 30 -- WinZO, India's largest interactive entertainment platform, on Wednesday reported its audited financials for FY-2024, showcasing record-breaking results with Rs 1,055 crore in revenue and Rs 315 crore in profit.
This marks a 70 percent and 151 percent year-on-year increase, respectively, despite navigating a significant regulatory change-the imposition of a 28 percent GST on gross receipts from October one, 2023.
The company stated that the full-year financial impact of this increased taxation will only be evident in FY-2025.
The platform's stellar performance is attributed to key strategic levers. WinZO has grown its user base to 250 million organically, capturing nearly 40 percent of India's online gaming audience.
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