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Oppo disputes ₹7,958 crore tax demand in India, faces investigations, and reports falling profits despite increased shipments.
Oppo Mobiles India paid ₹1,579 crore in customs duty under protest during fiscal 2025, disputing a ₹7,958 crore tax demand over goods classification and valuation, now under legal review.
The company faces over a dozen investigations by Indian tax authorities and has appealed the demands, expecting a favorable outcome.
Consolidated revenue fell over 38% to ₹32,215 crore, and net profit dropped more than 56% to ₹619.7 crore, mainly due to lower business volumes.
Despite this, Oppo reported a 4.2% year-on-year shipment increase in the September quarter, becoming India’s second-largest smartphone brand, and expects growth in the current fiscal year.
₹20.17 crore in bank deposits remain restricted.
Oppo disputa la demanda de impuestos de ₹ 7,958 crore en la India, se enfrenta a investigaciones e informa sobre la caída de las ganancias a pesar del aumento de los envíos.