 "Wipro Q3 net jumps 30% YoY to Rs 2,510 cr, announces 1:3 bonus issue")
IT services firm Wipro on Friday reported a 30 per cent YoY jump in its net profit at Rs 2,510.4 crore for October-December quarter of FY19. The company had posted PAT of Rs 1,931 crore in the year-ago quarter.
On sequential basis, the figures grew around 33 per cent.
The company also announced one bonus shares for every three held. The company's board also declared an interim dividend of nearly Re 1 (US$ 0.01) per equity share and ADR (50% on an equity share of par value on 2).
On sequential basis, the figures grew around 33 per cent.
The company also announced one bonus shares for every three held. The company's board also declared an interim dividend of nearly Re 1 (US$ 0.01) per equity share and ADR (50% on an equity share of par value on 2).
Earnings per share (EPS ) for the period came in at Rs 5.57 against Rs 4.03 in the year-ago quarter. Total revenue for the quarter grew 10.73 per cent to Rs 15,150.6 crore. Revenue from the IT services segment grew 13 per cent YoY to Rs 14,666 crore against Rs 12,978 crore reported in the year-ago period.
It also announced that during the nine months ended December 31, 2018, the company has reduced its equity holding from 74 per cent to 11 per cent in Wipro Airport lT Services Limited. The loss/ gain on this transaction is insignificant.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%