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Wipro Q4 net up 38% to Rs 2,494 cr; announces Rs 10,500cr buyback plan

Press Trust of India  |  New Delhi 

IT Tuesday said its net profit increased by 38.4 per cent to Rs 2,493.9 crore in the March 2019 quarter, and announced a Rs 10,500 crore buyback programme.

The Bengaluru-based company had posted a net profit of Rs 1,800.8 crore in the January-March 2018 period, said in a BSE filing.

Its revenue from operations - under IND AS accounting norms - grew 8.9 per cent to Rs 15,006.3 crore in the period under review from Rs 13,768.6 crore in the year-ago period.

For the full fiscal (2018-19), saw its net profit increasing by 12.6 per cent to Rs 9,017.9 crore, while revenue from operations was up 7.5 per cent to Rs 58,584.5 crore.

The Wipro board has also approved a Rs 10,500 crore buyback plan under which it will buy back up to 32.3 crore shares at Rs 325 apiece, the filing added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 16 2019. 16:55 IST