Archive · 27 May 2025
Oppo, Realme India Units Face Audit Concerns and Scrutiny
Oppo and Realme, big phone companies in India, are having financial trouble, according to their audits.
Oppo's worth is negative, meaning they owe more than they own.
The auditors worry about their ability to pay bills.
Realme has issues with how they record money, making it hard to know if all the numbers are correct.
Both companies are also being watched closely by the government due to previous problems and ongoing investigations.
Oppo paid a large sum in taxes, which it is currently disputing in court.
Despite the issues, Oppo management states the company was profitable in FY24 and expects to remain operational.
Audits flagged bookkeeping and record-keeping concerns for Oppo and Realme India.
Oppo India reported a negative net worth of ₹3,551 crore in FY24, facing financial stability questions.
Realme's audit revealed procedural lapses and uncertainties regarding account accuracy.
Oppo paid ₹1,336 crore in customs duty under protest, with ongoing litigation.
Both companies face ongoing regulatory scrutiny and investigations in India.
- Who
- Auditors of Oppo and Realme India
- What
- Audits revealed financial discrepancies, procedural lapses, and incomplete records at Oppo and Realme India.
- When
- FY24
- Where
- India
- Why
- Auditors identified issues with financial records and procedures, leading to concerns about financial stability and regulatory compliance.
Auditors and Regulators
Oppo Management
Financial Stability
Auditors and Regulators
Auditors have raised concerns about the company’s negative net worth, debt-equity ratio, and its ability to continue as a going concern.
Oppo Management
The company was profitable in FY24 and will generate sufficient profits and cash flow to operate.
- Oppo India Net Worth (FY24)
- Negative ₹3,551 crore
- Oppo Customs Duty Paid (FY24)
- ₹1,336 crore (under protest)
- Oppo Non-current Borrowings (FY24)
- ₹2,082 crore
- Realme Audit Findings
- Lapses in procedures; uncertain accuracy of accounts
- Ongoing Regulatory Inquiries
- Both Oppo and Realme
