Wipro reports 8% fall in Q2 consolidated net profit
Date: 22-10-2016Wipro has reported results for second quarter ended September 30, 2016.
The company has reported 10.26% fall in its net profit at Rs 1932.10 crore for the quarter under review as compared to Rs 2153.10 crore for the same quarter in the previous year. However, total income of the company increased by 3.21% at Rs 12101.60 crore for the quarter under review as compared Rs 11724.90 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 7.61% fall in its net profit after taxes, minority interest and share of profit of associates at Rs 2070.40 crore for the quarter ended September 30, 2016 as compared to Rs 2241.00 crore for the same quarter in the previous year, hurt by slower ramp-ups and cautious spending by some large clients across verticals. However, total income of the company has increased by 9.16% to Rs 14407.30 crore for quarter under review from Rs 13198.60 crore for the quarter ended September 30, 2015.