Business Standard

Friday, December 20, 2024 | 11:12 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Wipro Q3 profit drops 3.2% to Rs 2,463 crore on low interest income

During October-December period, consolidated revenues of the company rose 2.7 per cent on a year-on-year (YoY) basis at Rs 15,470 crore

Wipro
Premium

Debasis Mohapatra New Delhi
IT firm Wipro on Tuesday largely met Street’s Q3 FY20 estimates with the firm posting growth in revenues and operating margin. However, net profit at Rs 2,463 crore came below the analysts’ expectations, a decline of 3.2 per cent when compared with the  year-ago quarter. On a quarter-on-quarter basis, net profit declined 2.33 per cent. The firm attributed this to lesser interest income owing to cash outgo as part of its buyback programme.  

During October-December period, consolidated revenues of the company rose 2.7 per cent on a year-on-year (YoY) basis at Rs 15,470 crore. In dollar terms, gross revenues of
Topics : Wipro

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in