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#wipro q4 net profit
twokog-com-blog · 2 years
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new-haryanvi-ragni · 1 year
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Wipro Q4 Net Profit Dips Marginally To Rs 3,074.5 Cr; Board Approves Rs 12k Cr Share Buyback
For the full FY23, the net profit of Rs 11,350 crore was 7.1 per cent lower than the preceding fiscal, while revenue of Rs 90,487.6 crore was 14.4 per cent higher. source https://zeenews.india.com/companies/wipro-q4-net-profit-dips-marginally-to-rs-3074-5-cr-board-approves-rs-12k-cr-share-buyback-2599942.html
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supernews · 2 years
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Wipro slips 5% as Q3 earnings fail to meet market expecatations
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Shares of Wipro slipped 5 per cent to Rs 657.15 on the BSE in Thursday’s intra-day trade after the company fell short of market expectation, as it’s net profit was up 1.3 per cent on a quarter on quarter (QoQ) basis at Rs 2,969 crore for the third quarter ended December 2021 (Q3FY22).
IT services revenue increased 3 per cent QoQ in constant currency (CC) while dollar revenues were up 2.3 per cent QoQ to US$2,639 million. Rupee revenues were at Rs 19,974 crore, up 3.1 per cent QoQ. IT services EBIT margin declined 60 bps QoQ to 17.1 per cent vs. 17.7 per cent last quarter. IT margins were lower than expected due to higher-than-expected increase in employee expenses and SG&A expenses.
The company’s operating performance was disappointing as revenues as well as margins came below our expectations. The supply side challenges will continue for couple of quarters, which would put pressure on margins. The demand outlook continues to be strong as clients continue to spend on new technologies, ICICI Securities said in a note.
While we are not concerned about the miss in Q3 given the high base of Q2 as well as the seasonal impact, the Q4 revenue growth guidance of 2–4 per cent QoQ also missed our estimate (coming in at 3.9 per cent QoQ), Motilal Oswal Financial Services said.
Given the strong performance by Wipro over the last few quarters, along with positive demand commentary from the management, the guidance was underwhelming and would act as a drag on near-term share price performance. In our view, this should be partially compensated by the continued robustness in Wipro's margins, which are ahead of its guidance of 17–17.5 per cent, the brokerage firm said in result update.
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stock-earnings · 3 years
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What Are the Notable Earnings Today?
Notable earnings reports can be checked through SEC directly. This is the government source, and hence totally authorized. Apart from this, you can check stock Earnings calendar of top 10 stocks at Stockearning as well. At SEC, EDGAR is the system which enables the investors to search for a publicly traded company and check their earnings, apart from other financial documents. Notable earnings this week are available at Stockearning, apart from the whole earnings calendar. Each publicly traded company files its quarterly financial statements, annual statements, 10-Q and 10-K reports.
Notable stocks with high EPS suggest that the value of a company is good. If the investors have no problem in paying higher price for a company’s shares, it reflects its expectations for higher profits and a good financial health. Usually, investors and potential traders who are entering the market for first time wonder if notable earnings can dwindle before or after earnings calls. It has been observed that this may go north or south, but it doesn’t remain like that for a long time. Stock earnings calendar must be kept an eye on to check the movement of stock in a market.
So where exactly do you look for notable earnings? Stock earning calendar gives you updates regarding earnings of notable stocks this week, or in a month, or quarterly, or annually. EPS or earnings is that part of profit of a company which is assigned to each outstanding share belonging to company’s common stock.
Formula for calculating earning is this-
EPS= (Net Income — Preferred Dividends) ÷ Average outstanding common shares
There can be two different financial statements issued by some companies so as to calculate EPS. So as to derive at the earnings, income statement and balance sheet can be used.
If you wish to know which are the companies with notable earnings today, you must stay updated with our stock earning calendar. In general, you can check notable earnings today of IMB, Nestle, ACC, HDFC Bank and Wipro among others.
Some investors wish to understand how they can possibly earn money from shares every single day. The answer to this is intraday trading. It is the kind of trading where you basically buy and sell shares every day. Stocks may be purchased everyday not for investment, but for harnessing their fluctuation in making money. Such investors may not necessarily require stock earning calendar, but notable earnings of company are still important for traders.
Sometimes, it is possible that the announcement of earnings call can bring down the share price. The reason behind this is that when a company posts earning beat, they may also bring down the earnings guidance. This mean that they can speculate lesser profits or future sales. This lower prediction can give jitters to investors and traders, which in turn can bring down the price of share.
If you are new to the investment business of shares, you must learn about Q1, Q2, Q3 and Q4. According to Gregorian calendar, Q1 or the first quarter of fiscal is 1 January — 31 March, Q2 or second quarter is 1 April — 30 June, Q3 or third quarter is 1 July — 30 September and Q4 or fourth quarter is 1 October — 31 December. This is the usual stock Earnings calendar for most companies traded publicly. However, different companies can also have their own fiscal year calendars.
How can you earn stock earnings?
There is an art with which you can earn stock earnings. These are some simple tricks, which include-
· Holding or holding short
· Investing in smaller portions
· Buying before notable earnings are announced
· Buying after notable earnings, keeping a track of earnings calendar
· Buying low and selling high
· Buying shares of only those companies which beat expectations consistently
· Spreading out your portfolio
· Avoiding downtrend
By following earnings calendar in a right way through Stockearning, you can keep a track of notable earnings. This helps you in staying ahead in your game.
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Wipro shares jump nearly 10% after Q4 earnings
Wipro shares jump nearly 10% after Q4 earnings
Image Source : PTI Shares of Wipro zoomed nearly 10 percent in morning trade on Friday after the company posted a 27.7 percent jump in consolidated net profit at Rs 2,972 crore for the March 2021 quarter Shares of Wipro zoomed nearly 10 percent in morning trade on Friday after the company posted a 27.7 percent jump in consolidated net profit at Rs 2,972 crore for the March 2021 quarter, and…
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techminsolutions · 3 years
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Wipro Q4 profit jumps 28% YoY to Rs 2,972 crore; revenue rises 3.4%
Wipro Q4 profit jumps 28% YoY to Rs 2,972 crore; revenue rises 3.4%
Wipro on Thursday reported a consolidated net profit of Rs 2,972.3 crore for March quarter of financial year 2020-21 (Q4FY21), up 27.78 per cent year-on-year (YoY), as against Rs 2,326.1 crore posted in the same period last year. The company announced Q4FY21 numbers post market hours. On a quarter-on quarter (QoQ) basis, the profit increased marginally by 0.14 per cent, compared to Rs 2,968…
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moneycafe · 3 years
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Wipro Q4 Results: Net Profit Jumps 28%28% to Rs 2,972 crore, Beats Estimates
Wipro Q4 Results: Net Profit Jumps 28%28% to Rs 2,972 crore, Beats Estimates
Business oi-Sneha Kulkarni | Published: Thursday, April 15, 2021, 16:49 [IST] Wipro posted a 27.78% growth in net profit year over year to Rs 2,972.3 crore for the quarter ended in March on Thursday. For the same time last year, the Information Technology behemoth made a profit of 2,326.1 crores. The profit increased by 0.14% quarter on quarter (QoQ) compared to Rs 2,968 crore in the December…
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the-pressnews · 3 years
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Wipro Q4 profit jumps 28% YoY to Rs 2,972 crore; revenue rises 3.4%
Wipro Q4 profit jumps 28% YoY to Rs 2,972 crore; revenue rises 3.4%
Wipro’s March 2021 quarter net profit for the financial year 2020-21 (Q4FY21) came in at Rs 2,972.3 crore, up 27.78 per cent year-on-year (YoY), as against Rs 2,326.1 crore posted in the same period last year. The company announced Q4FY21 numbers post market hours on Thursday. On a quarter-on quarter (QoQ) basis, the profit increased marginally by 0.14 per cent, compared to Rs 2,968 crore…
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jojokidshindirhymes · 4 years
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#BSE, #Sensex, #Hindalco, Equity benchmark indices gained during early hours on Tuesday in volatile trading with pharma stocks leading the rally. Investors said the positive uptick is a result of some inflows through foreign portfolio investments besides and a generally optimistic mood emanating due to reversal of the COVID-19 lockdown. At 10:15 am, the BSE S&P Sensex was up by 321 points or 0.93 per cent at 34,691 while the Nifty 50 edged higher by 91 points or 0.89 per cent at 10,258. Sectoral indices at the National Stock Exchange were mixed with Nifty pharma up by 2.5 per cent, FMCG by 1.2 per cent and metal by 1 per cent. Among stocks, Dr Reddy's gained by 4 per cent to Rs 4,125.20 per share while Sun Pharma moved up by 3.6 per cent and Cipla by 2.9 per cent. Private lenders Axis Bank and IndusInd Bank gained by 1.4 per cent each. Metal major Hindalco and Tata Steel were up by 1.7 per cent and 1.5 per cent respectively. However, Titan lost by 2.6 per cent despite the company reporting 21 per cent year-on-year growth in Q4 net profit at Rs 357 crore due to strong operating performance and low base in the year-ago period. GAIL, Maruti Suzuki, Wipro, HDFC Bank and Bajaj Finserv too traded with a negative bias. Meanwhile, Asian stocks rallied for their ninth straight day and oil prices jumped as the lifting of coronavirus lockdowns in many countries fuelled investor hopes of a relatively quick global economic recovery. MSCI's broadest index of Asia Pacific shares outside of Japan rose for a ninth straight session for its longest winning streak since early 2018. Hong Kong's Hang Seng index climbed 1.2 per cent but Japan's Nikkei bucked the trend to be down 0.5 per cent. For more Stories and Updates Subscribe to us: http://tiny.cc/920yaz Follow us on : https://ift.tt/2YYFEgQ
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swedna · 4 years
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markets Snubbing the lackluster trade witnessed throughout the day, benchmark indices soared during the last trading hour to hit new life-time highs on Tuesday. The S&P BSE Sensexedged towards the 42,000-mark to hit a high of 41,994, while the broader Nifty50 crossed the psychological level of 12,350 to hit 12,374.
At close, the Sensex was at 41,952.63 level, up 92.94 points or 0.22 per cent, lifted by gains in HDFC, ITC, Axis Bank and TCS. At the index level, Hero MotoCorp, ITC, and M&M, up between 1.5 and 2 per cent, were the top gainers. On the downside, IndusInd Bank, Reliance Industries, and SBI, down up to 4 per cent, were the top laggards.
On the NSE, the Nifty50 settled 30.35 points, or 0.25 per cent, higher at 12,359.90-mark. Nifty Media and FMCG were the top performing indices on the NSE, up 2.26 and 1.4 per cent, respectively. On the other hand, Nifty Private Bank index closed 0.53 per cent lower.
The broader markets, continued to trade higher for sixth day today. The S&P BSE mid-cap index gained 0.74 per cent to close at 15,403.17 level, while the S&P BSE small-cap index advanced 0.71 per cent to settle at 14,383.55 level.
GLOBAL CUES
Asian shares rose, China’s yuan jumped and safe-harbor assets slipped on Tuesday, amid signs of goodwill between China and the United States.
Japan's Nikkei added 0.7 per cent to hit its highest in a month, while Australian shares rose by the same margin to close at a record.
In Europe, investors remained cautious ahead of their Q4 earnings. The pan-European STOXX 600 index fell 0.2 per cent by 1:40 pm, in its third straight day of declines.
(With inputs from Reuters) CATCH ALL THE LIVE UPDATES Auto Refresh 03:39 PM NSE snapshot at close
03:38 PM Top gainers and losers on S&P BSE Sensex at close
03:38 PM Closing Bell >> At close, the Sensex was at 41,952.63 level, up 92.94 points or 0.22 per cent, lifted by gains in HDFC, ITC, Axis Bank and TCS.
>> On the NSE, the Nifty50 settled 30.35 points, or 0.25 per cent, higher at 12,359.90-mark.
03:28 PM NEWS ALERT | IndusInd Bank likely to have declared DHFL as 'fraud' in Q3: sources to CNBC TV18 03:24 PM NEWS ALERT | SpiceJet to launch four new domestic flights Connects Ahmedabad with Aurangabad for the first time on its network Enhances frequency on Mumbai-Mangalore sector
03:13 PM Inflation expert Michael Patra to be new deputy governor of RB Patra, as executive director of the central bank was heading the Monetary Policy department, his core area of expertise and something with which he was closely associated since March 2006. With his appointment, the RBI now has four deputy governors. READ MORE
Michael Patra 02:53 PM Market check | Sensex gains 100 pts
02:46 PM MARKET UPDATE:: Nifty hits 12,350
02:42 PM Most active stocks by volume COMPANY PRICE(RS) CHG(RS) CHG(%) VOLUME YES BANK 38.25 -3.85 -9.14 15674520 VODAFONE IDEA 6.11 -0.06 -0.97 10442507 RELIANCE POWER 2.48 -0.08 -3.13 5613819 SUZLON ENERGY 2.39 -0.09 -3.63 4269567 BHARTI AIRTEL 470.00 1.15 0.25 2687625 » More on Most Active Volume 02:32 PM BSE500 stocks that hit 52-week high today COMPANY PRICE(RS) 52 WK HIGH CHG(RS) CHG(%) ALKEM LAB 2325.30 2351.60 -13.10 -0.56 AVANTI FEEDS 645.00 648.20 30.75 5.01 BALKRISHNA INDS 1068.00 1070.00 30.60 2.95 BALRAMPUR CHINI 191.50 194.50 0.30 0.16 BIRLA CORPN. 725.55 736.05 23.75 3.38 » More on 52 Week High 02:27 PM STOCK UPDATE:: IndusInd Bank pares all gains
02:20 PM IndusInd Bank reports 32% YoY rise in Q3 net profit; asset quality stable The bank reported a standalone net profit of Rs 1,300 crore, up 32 per cent year-on-year from Rs 985.03 crore logged in the same quarter of the previous fiscal (Q3FY19). Sequentially, the profit dipped 6 per cent from Rs 1,383.37 crore reported in Q2FY20. Besides, the bank's net interest income came in at Rs 3,074.02 crore. READ MORE
02:10 PM Broader markets continue their good run, outperform benchmarks
01:59 PM Asian Markets check Asian shares rose on Tuesday, amid signs of goodwill between China and the United States, as the world’s two biggest economies prepared to sign a truce in their trade war.
Japan’s Nikkei added 0.7 per cent to hit its highest in a month. Australian shares rose by the same margin to close at a record.
Hong Kong’s Hang Seng and Shanghai blue chips also hit multi-month peaks.
01:43 PM IndusInd Bank's Q3 net profit up 32% at Rs 1,300 cr vs 985 cr (YoY) -- Gross NPA at 2.18% vs 2.19% (QoQ) -- Net NPA at 1.05% vs 1.12% (QoQ)
-- Net NPA at Rs 2,173 crore vs Rs 2203 (QoQ) -- NII at Rs 3, 074 cr
-- Provisions at Rs 1,043.4 cr vs Rs 737.7 cr (QoQ) -- Gross NPA at Rs 4,578 cr vs 4,370.2 cr (QoQ) 01:34 PM CSB Bank hits new lifetime low of Rs 194.65, falls below issue price Shares of recently-listed CSB Bank continued to remain under pressure and dipped 1.7 per cent to Rs 194.65 on the BSE on Tuesday. The stock has thus fallen below its issue price of Rs 195. The Kerala-based bank was trading at its lowest level since its listing on December 4, 2019. CSB Bank had made a strong debut at the bourses at Rs 300, a 54 per cent premium to its issue price. The stock has since erased all its listing gains, and tanked 38 per cent from its life-time high of Rs 314, touched on the second day of its listing. READ MORE Catholic Syrian Bank, CSB, Fairfax, Prem Watsa, OPSB, SMEs
01:30 PM Bandhan Bank dips 3% as Q3 NNPA rises 46% QoQ, profit stands at Rs 731 cr Shares of Bandhan Bank slipped 2.8 per cent to Rs 499 on the BSE on Tuesday after the bank put up a weak December quarter (Q3FY20) show on sequential basis. The lender's net profit declined 25 per cent to Rs 731 crore from Rs 971.79 crore logged in the September quarter of the current fiscal (Q2FY20), along with a deteriorating asset quality. READ MORE Bandhan Bank
01:28 PM NEWS ALERT | RBI ED Janak Raj may get seat in the MPC: CNBC TV18 01:10 PM YES Bank extends fall, down 8% now
01:04 PM Larsen & Toubro slides 1%
12:49 PM Bandhan Bank Q3 results | Net profit at Rs 731 cr vs Rs 331 cr (YoY) -- Gross NPA at Rs 1,182 cr vs Rs 1,064.2 cr (QoQ) -- Gross NPA at 1.93% vs 1.76% (QoQ)
-- Net NPA at 0.81% vs 0.56% (QoQ)
-- Net interest income (NII) at Rs 1,540.3 cr
-- Provisions at Rs 295 cr
- Net NPA at Rs 491.4 cr 12:44 PM Nifty sectoral indices at this hour
12:37 PM Rupee check
12:33 PM Recovery in economic growth may be marred by drastic expenditure cuts However, drastic expenditure cuts by the Centre and state governments may drag down the expansion to even below five per cent, which has been pegged by the advance estimates for 2019-20. If the Centre cuts expenditure by Rs 2 trillion, coupled with outlay compression by states, the growth rate would be severely hit, warn economists. READ MORE
12:28 PM Wholesale inflation rises to 2.59% in December on higher food prices Wholesale prices-based inflation rose to 2.59 per cent in December, as against 0.58 per cent in November due to increase in prices of food articles, according to data released by the Ministry of Commerce and Industry on Tuesday. The annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.46 per cent in December 2018. READ MORE WPI inflation soars to 14-mth high; rises to 4.43% in May from 3.18% in Apr
12:20 PM Index Contributors at this hour
12:12 PM NEWS ALERT | October WPI inflation revised to 0% from 0.16% For December --
>> Manufactured products inflation at -0.25% vs -0.84% (MoM)
>> Onion inflation at 455.83% vs 172.30% (MoM)
>> Eggs, meat, fish inflation at 6.21% vs 8.15% (MoM)
>> Vegetables inflation at 69.69% vs 45.32% (MoM)
12:02 PM NEWS ALERT | December WPI inflation at 2.59% vs 0.58% (MoM) -- December Wholesale Fuel and Power inflation at -1.46% vs -7.32% (MoM)
-- Food inflation at 11.05% vs 9.02% (MoM)
11:58 AM NEWS ALERT | ICRA places Adani Ports' rating on watch with negative implications: CNBC TV18 11:56 AM STOCK ALERT :: Rakesh Jhunjhunwala buys additional 16.2 lakh shares in Dec quarter Click here for latest shareholding pattern
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Equity benchmark indices opened in the negative zone ahead of May F&O expiry as investors await Q4 GDP data due to be released on Friday. GAIL, TCS, HCL Tech and Wipro are among top gainers, while Hindalco, UPL, Vedanta, and SBI are among top losers in today’s trade on the NSE. The Sensex was trading 38 points lower at 39,711, while the Nifty50 index was trading at 11,925, down mere 4 points. The market breadth was neutral on the NSE with 744 shares advancing, 781 shares declining, and 545 remaining unchanged. The Indian Rupee opened lower at 69.75/$ vs. Tuesday's close of 69.69 against the US dollar. Shares of Sun Pharma slipped 1% after the company’s PAT declined by 52.6% yoy to Rs636cr against median consensus estimates of Rs982cr. SpiceJet stock dropped over 4% on the BSE despite the airline on Tuesday reported a 22% jump in net profit at Rs56.3cr in the quarter ended March 31, 2019, despite the grounding of its Boeing 737 MAX aircraft. The Volatility gauge, India VIX is down 0.09% at 15.90. The most active stocks on the NSE are Reliance Industries, Infosys, and HDFC. Meanwhile, Asian stock markets dropped after an afternoon sell-off on Wall Street as investors gauge the warning signals flashing in the bond market, where sovereign yields have slumped to multi-year lows. Get more details here:  Intraday stock tips, Financial Advisory Company ,Derivative Free Trial,Stock tips Call on:9977499927 * Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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new-haryanvi-ragni · 1 year
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Wipro Q4 Net Profit Dips Marginally To Rs 3,074.5 Cr; Board Approves Rs 12k Cr Share Buyback
For the full FY23, the net profit of Rs 11,350 crore was 7.1 per cent lower than the preceding fiscal, while revenue of Rs 90,487.6 crore was 14.4 per cent higher. source https://zeenews.india.com/companies/wipro-q4-net-profit-dips-marginally-to-rs-3074-5-cr-board-approves-rs-12k-cr-share-buyback-2599942.html
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Sensex, Nifty Marginally Up, Day Trading Set-Ups Today
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Sensex and Nifty opened in the positive note on Thursday. On the opening Nifty started above 11,150 levels. On commodity watch, Crude Oil prices edged up on the outlook of rising tensions in the Middle East affecting global supplies. Brent crude oil price rose 0.7% to 72.25-dollar per barrel, while WTI crude stood at 62.45-dollar pea barrel, up 0.7%, while Indian Rupee opened stronger at 70.27 as against last close of 70.33/USD. During mid-morning session, the Sensex stood at 37,138-level, up by 23 points while Nifty quoted at  11,160-level, marginally up by 03% Tata Motors, PowerGrid, Adani Ports, Wipro and Infosys were the major contributors on Nifty gains, while SunPharma, Cipla, Eicher Motors, Coal India and Mahindra&Mahindra were among major losers. Lupin’s shares fell 4.73% during morning session after the company reported Q4 net profit at R.s289.6-crore. Major earning results announcement today include Bajaj Finance, Hindalco, JSW Energy, JK Tyre & Industries and Jubilant Industries, Free Intraday Trading tips, MCX Free Tips, Commodity tips and Stock Tips Read the full article
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monicasharmalove · 5 years
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Wipro Q4 net profit rises 38%, announces Rs 10,500-crore share buyback
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Company News
Wipro has largely met the Street estimates on the revenue and profit fronts for the fourth quarter of 2018-19, though the revenue growth reported by the country's third-largest IT services firm was the lowest among the top three players in the last financial year.
The company, however, gave a tepid outlook for the first quarter of FY20, citing delays in starting out new projects. The firm also announced a mega buyback plan of Rs 10,500 crore at Rs 325 a share, making it the second such repurchase consecutively.
The buyback price is 15.4 per cent higher than Tuesday's closing price on the NSE.
For the fourth quarter of the last fiscal year, Wipro on Tuesday reported a consolidated net profit of Rs 2,483.5 crore, a rise of 37.7 per cent over the year-ago period.
Sequentially, it declined one per cent. For the whole fiscal, net profit was Rs 9,000 crore, a growth of 12.4 per cent on a year-on-year (YoY) basis. Gross revenues of Wipro in Q4 rose 9 per cent YoY to Rs 15,006 crore.
For the whole fiscal year, revenues stood at Rs 58,584 crore, up 7.5 per cent on a YoY basis. Unlike its two other larger peers, Wipro showed a marked improvement in its operating margin, which improved 440 basis points YoY to reach 19 per cent in the January-March quarter. The margin improvement was aided by the divestment of low margin business.
Wipro’s IT services revenue, which accounts for more than 95 per cent of its gross revenues now, was $2.075 billion for the January-March period of FY19. "We have executed strongly in the fourth quarter with focus on quality of revenue. We see the demand environment as stable with strong deal pipeline," said Abidali Neemuchwala, CEO at Wipro...Read More
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bizvdme · 4 years
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Wipro's net profit declined 5.29% to Rs 2,326.10 crore on 1.55% increase in revenue to Rs 15,711 crore in Q4 March 2020 against Q3 December 2019 and  #IT services segment revenue decreased by 1%.
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moneycafe · 3 years
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Wipro Q4 results: Wipro Q4 net profit up 27.7% to Rs 2,972 crore
Wipro Q4 results: Wipro Q4 net profit up 27.7% to Rs 2,972 crore
NEW DELHI: IT company Wipro on Thursday posted a 27.7 per cent jump in consolidated net profit to Rs 2,972 crore for the fourth quarter ended March 31, 2021. Wipro had posted a net profit of Rs 2,326.1 crore attributable to equity holders of the company in the same period a year ago. The revenue of the IT firm increased by 3.4 per cent to Rs 16,245.4 crore during the reported quarter, compared to…
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