WhatsApp India posts profits of Rs 57.18 lakh for FY19, its first profitable year in India

• WhatsApp has posted its India revenues for the first time for fiscal year 2019.
• The messaging app has reported revenues of Rs 6.84 crore for fiscal 2019 and a profit of Rs 57 lakh for the financial year under review.
• WhatsApp currently has 400 million users in India, its biggest market.

Facebook-owned messaging app WhatsApp has posted its India revenues for the first time for fiscal year 2019. In documents filed with the Registrar of Companies (ROC) WhatsApp has reported revenues of Rs 6.84 crore for fiscal 2019 and a profit of Rs 57 lakh for the financial year under review, according to a report by The Economic Times.

In the filing, WhatsApp stated that IT-enabled business process and outsourcing services were its sources of revenue. The document also stated that the messaging app is awaiting approvals from regulatory authorities for its payment service.

The company had stated that it had incurred expenses of Rs 5 lakh for FY18 and had not posted any revenues for the same fiscal.

WhatsApp posted its first year of profit a year after launching its WhatsApp Business app for businesses to communicate with their customers. Currently, close to a million businesses in India are using the WhatsApp business app to connect with their customers. WhatsApp currently has 400 million users in India, which is its biggest market.