Wipro dips on reporting marginal fall in Q4 consolidated net profit

21 Apr 2016

Wipro is currently trading at Rs. 562.85, down by 38.50 points or 6.40% from its previous closing of Rs. 601.35 on the BSE.

The scrip opened at Rs. 570.05 and has touched a high and low of Rs. 578.00 and Rs. 560.00 respectively. So far 372504 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 613.00 on 01-Oct-2015 and a 52 week low of Rs. 508.90 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 606.75 and Rs. 580.50 respectively. The current market cap of the company is Rs. 139195.66 crore.

The promoters holding in the company stood at 73.34% while Institutions and Non-Institutions held 16.18% and 9.87% respectively.

Wipro has posted a fall of 8.27% in its net profit at Rs 1964.40 crore for the quarter ended March 31, 2016 as compared to Rs 2141.60 crore for the same quarter in the previous year. However, total income of the company has increased by 10.24% at Rs 12380.80 crore for quarter under review as compared to Rs 11230.30 crore for the quarter ended March 31, 2015.

On consolidated basis, the company has posted a decline of 1.63% in its net profit after taxes, minority interest and share of profit of associates at Rs 2235.00 crore for the quarter ended March 31, 2016 as compared to Rs 2272.00 crore for the corresponding quarter in the FY15. However, total income of the company rose 12.46% at Rs 14303.40 crore for quarter under review as compared to Rs 12719.00 crore for the same quarter ended previous year.

For the year ended March 31, 2016, the company has posted a fall of 1.15% in its net profit at Rs 8099.00 crore as compared to Rs 8193.10 crore for the same period in the previous year. However, total income of company increased 8.58% at Rs 47460.60 crore for year under review as compared to Rs 43708.80 crore for the period ended March 31, 2015.

For the year ended March 31, 2016, on the consolidated basis, the company has posted rise of 22.75% in its net profit after taxes, minority interest and share of profit of associates at Rs 8892.20 crore as compared to Rs 8652.80 crore for the same period in the previous year. Total income of company has increased by 9.44% at Rs 53958.70 crore for year under review as compared to Rs 49303.90 crore for the period ended March 31, 2015.

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