Wipro spurts on reporting 9% rise in Q3 consolidated net profit

19 Jan 2015

Wipro is currently trading at Rs. 594.50, up by 39.25 points or 7.07% from its previous closing of Rs. 555.25 on the BSE.

The scrip opened at Rs. 588.00 and has touched a high and low of Rs. 598.45 and Rs. 583.05 respectively. So far 222759 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 621.50 on 07-Oct-2014 and a 52 week low of Rs. 475.35 on 19-May-2014.

Last one week high and low of the scrip stood at Rs. 569.20 and Rs. 548.10 respectively. The current market cap of the company is Rs. 146757.32 crore.

The promoters holding in the company stood at 73.40 % while Institutions and Non-Institutions held 13.58 % and 11.06 % respectively.

Wipro has reported 3.44% fall in its net profit at Rs 1992.30 crore for third quarter ended December 31, 2014 as compared to Rs 2063.30 crore for the same quarter in the previous year. However, total income of the company has increased 4.92% at Rs 11078 crore for Q3FY15 as compared Rs 10559 crore for the corresponding quarter previous year.

On the consolidated basis, the company’s net profit after taxes, minority interest and share of profit / (loss) of associates rose 8.84% to Rs 2192.80 crore for the Q3 FY15 as compared to Rs 2014.70 crore in Q3 FY14. Moreover, the total income surged 7.52% to Rs 12588.60 crore in the quarter under review as compared to Rs 11708.60 crore in the corresponding quarter previous year.

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