Wipro Q4 net at Rs 2,483.5 cr, announces buyback at Rs 325/share

The company also announced share buyback of 3.23 crore shares at Rs 325 apiece, aggregating Rs 10,500 crore. Earnings per share (EPS) of the company stood at Rs 4.13 during the period under review

Wipro on Tuesday posted a 37.7 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 2,483.5 crore for January-March quarter of the financial year 2018-19 (FY19) against Rs 1,803 crore reported in the year-ago period. The numbers were mostly in line with analysts estimates. Total income of the company stood at Rs 15,915.3 crore, up 11 per cent YoY. 

ICICI Securities, for instance, had pegged Wipro's Q4 PAT at Rs 2,544.4 crore, translating into 1.4 per cent QoQ growth, while analysts at Nirmal Bang expected a 2 per cent QoQ growth in PAT at Rs 2,560 crore.