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  Business   Companies  18 Oct 2017  Wipro shares gain over 3 per cent after September qtr results

Wipro shares gain over 3 per cent after September qtr results

PTI
Published : Oct 18, 2017, 12:49 pm IST
Updated : Oct 18, 2017, 12:49 pm IST

Wipro Ltd, India's third largest software firm, on Tuesday reported a 5.8 per cent rise in net profit.

Wipro Chief Azim Premji.
 Wipro Chief Azim Premji.

New Delhi: Shares of Wipro on Wednesday 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 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 USD 2.013 billion in July-September, while constant currency sequential growth was 0.3 per cent.

Tags: wipro, shares, revenue, profit
Location: India, Delhi, New Delhi