Money Maker Research & Investment Advisor: Wipro gains over 3% after Sept quarter results

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Wednesday, 18 October 2017

Wipro gains over 3% after Sept quarter results

Shares of Wipro Ltd today rose by over 3.16% to Rs. 298.65 on BSE after the company reported a 5.8% rise in net profit for the 3 months to September, while at the NSE, shares of Wipro went up by 3.19% to Rs. 299.10.

Wipro’s consolidated net profit in July-Sept 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 corresponding period a year ago. On a sequential basis, the profit was up 5.5% as per Indian Accounting Standards. The company’s total income fell by about 1.9% to Rs. 14,134.8 crore and its IT services revenue in dollar terms grew by 2.1% on Q-o-Q basis to 2.013 billion dollar in July-Sept, while constant currency sequential growth was 0.3%

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