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Wipro reports marginal fall in Q1 net profit

24 Jul 2012 Evaluate

Wipro has reported results for first quarter ended June 30, 2012.

The company has registered a fall of 5.03% in its net profit at Rs 1158.00 crore for the quarter under review as compared to Rs 1219.30 crore for the same quarter in the previous year. However, the total income of the company has increased by 18.69% at Rs 892.75 crore for Q1FY13 as compared Rs 752.15 crore for the corresponding quarter previous year.

On the consolidated basis, the group’s net profit after taxes, minority interest and share of profit of associates surged by 18.38% to Rs 1580.20 crore for the Q1FY13 as compared to Rs 1334.90 crore in Q1 FY12. Moreover, the total income rose 24.34% to Rs 10888.80 crore in the quarter under review as compared to Rs 8757.60 crore in the corresponding previous quarter.

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