Wipro shines on reporting 17% rise in Q3 consolidated net profit

20 Jan 2014

Wipro is currently trading at Rs. 568.00, up by 16.45 points or 3.00% from its previous closing of Rs. 552.45 on the BSE.

The scrip opened at Rs. 552.60 and has touched a high and low of Rs. 570.10 and Rs. 552.60 respectively. So far 1, 14,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 575.35 on 17-Jan-2014 and a 52 week low of Rs. 315.30 on 31-May-2013.

Last one week high and low of the scrip stood at Rs. 575.35 and Rs. 549.50 respectively. The current market cap of the company is Rs. 1, 40,292 crore.

The promoters holding in the company stood at 73.49% while Institutions and Non-Institutions held 13.88% and 10.69% respectively.

The company has registered a rise of 47.10% in its net profit at Rs 2047.90 crore in Q3FY14 as compared to Rs 1392.20 crore in the corresponding quarter previous year. The total income from operation of the company has increased by 20.47% to Rs 10510.20 crore for the quarter under review as compared to Rs 8724.30 crore in the same quarter last year.

On the consolidated basis, the group has reported 17.38% rise in its net profit at Rs 2014.70 crore for the quarter as compared to Rs 1716.40 crore for the same quarter in the previous year. Total income from operation of the group has increased by 18.53% at Rs 11708.60 crore for quarter under review as compared to Rs 9877.80 crore for the quarter ended December 31, 2012.

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