Wipro surges on reporting 13% rise in Q1 consolidated net profit
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Wipro is currently trading at Rs. 403.60, up by 9.25 points or 2.35% from its previous closing of Rs. 394.35 on the BSE.
The scrip opened at Rs. 394.35 and has touched a high and low of Rs. 405.25 and Rs. 392.55 respectively. So far 1136376 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 444.65 on 17-Aug-2022 and a 52 week low of Rs. 351.85 on 17-Apr-2023.
Last one week high and low of the scrip stood at Rs. 405.25 and Rs. 387.60 respectively. The current market cap of the company is Rs. 209361.74 crore.
The promoters holding in the company stood at 72.92%, while Institutions and Non-Institutions held 14.39% and 10.30% respectively.
Wipro has reported results for first quarter ended June 30, 2023 (Q1FY24).
Wipro has reported 16.75% rise in its net profit at Rs 2,587.80 crore for the quarter under review as compared to Rs 2,216.60 crore for the same quarter in the previous year. Total income of the company increased by 7.81% at Rs 17,944.90 crore for Q1FY24 as compared Rs 16,645.30 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 12.78% rise in its net profit at Rs 2,886.00 crore for the quarter ended June 30, 2023 as compared to Rs 2,558.90 crore for the same quarter in the previous year. Total income of the company increased by 6.72% at Rs 23,479.00 crore for Q1FY24 as compared Rs 22,001.00 crore for the corresponding quarter previous year.
