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Wipro Shares Gain Over 3% After September Quarter Results

Wipro Ltd, India's third largest software firm, on Tuesday (17 October) reported a 5.8 per cent rise in net profit for three months to September but gave a muted guidance for the third quarter earnings

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Shares of Wipro on Wednesday (18 October) rose by over 3 per cent after the company reported a 5.8 per cent rise in net profit for three months to September.

The stock jumped 3.16 per cent to Rs 298.65 on BSE. At NSE, shares of the company went up by 3.19 per cent to Rs 299.10.

Wipro Ltd, India's third largest software firm, on Tuesday (17 October) reported a 5.8 per cent rise in net profit for three months to September but gave a muted guidance for the third quarter earnings.

Its consolidated net profit (attributable to equity shareholders) in July-September at Rs 2,191.8 crore, or Rs 4.52 per share, was higher than Rs 2,070.4 crore, or Rs 4.28 a share, in the same period a year before, the company said in a statement.

On a sequential basis, the profit was up 5.5 per cent, according to Indian Accounting Standards. Its total income fell by about 1.9 per cent to Rs 14,134.8 crore and the company said the healthcare segment "continues to be volatile".

IT services revenue in dollar terms grew by 2.1 per cent quarter-on-quarter to $2.013 billion in July-September, while constant currency sequential growth was 0.3 per cent.

(PTI)


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