Wipro Ltd. reported third-quarter stand-alone net profit, as per Indian GAAP, of Rs.1,483.00 crore, compared with Rs.1,063.90 crore for the quarter ended December 31, 2011, reflecting a 39 percent growth. Total income rose by 14 percent to Rs.9,580.70 crore from the Rs.8,392.40 crore in the year-ago quarter.
On a consolidated basis, its net profit for the third-quarter increased by 18 percent to Rs.1,716.40 crore from the Rs. 1,456.40 crore in the corresponding period a year-ago. Total income amounted to Rs.11,311.50 crore, up by 11 percent from the Rs.10,180.00 crore for the comparable period last year.
Looking ahead, the company expects Q4 revenue from its IT Services business in the range of $1,585 million to $1,625 million. The guidance is based on exchange rates of GBP/$ at 1.61, Euro/$ at 1.31, A$/$ at 1.04 and $/INR at 54.65.
The company’s board recommended an interim dividend of 100 percent or Rs.2 per equity share of Rs.2 each for the fiscal year 2013. The payment date is January 30, 2013.
Chairman Azim Premji said, “While the overall mood on economic growth continues to be muted, global corporations continue to leverage technology to drive revenues and productivity.”
At the BSE, Wipro shares are being traded at Rs.415, down 3.73 percent from the previous close.
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by RTT Staff Writer
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