Wipro reports a standalone net profit of ₹2,969 crore in Q3

The board has declared an interim dividend of Rs 1/share.

On Wednesday, January 12, IT giant Wipro reported its financial results for Q3FY22 i.e. December quarter. The net profit for the quarter was Rs 2,969 crore.

The standalone net profit for Q3 has a fall of 8.67% as compared to the net profit of the September quarter. The companies revenue from operations rose to Rs 20,313 crore compared to the revenue of Rs 15,670 crore last period. The board has declared an interim dividend of Rs 1/share.

“Wipro has delivered a fifth consecutive quarter of strong performance, both on revenues, and margins. Order bookings have been strong too, and we have added seven new customers in the more than $100 mn revenue league, in the last 12 months,” said MD, Thierry Delaporte. Regarding the outlook for Q4, the company stated that it is expecting revenue to be in the range of $2,692 million to $2,745 million.

“Our strategy and improved execution continue to serve us well, and we are confident of building on this momentum. We are also excited to have completed the acquisitions of Edgile and LeanSwift Solutions in the quarter, both of which will add to our capabilities significantly,” MD further added. On the NSE, Wipro shares were trading in red. The scrip closed at Rs 691/share with a fall of 0.45%.

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