Wipro Ltd reported a 21% increase in net profit, reaching Rs 3,209 crore for the quarter ending in September, compared to Rs 2,646 crore in the same period last year.
The company also announced a 1:1 bonus share issue.
Before the results were disclosed, Wipro‘s stock dipped by 0.65%, closing at Rs 528.7 on the NSE on October 17, while the Nifty 50 index dropped 0.9% for the day.
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Wipro’s consolidated revenue for the July-September quarter decreased by 1%, amounting to Rs 22,302 crore, down from Rs 22,543 crore in the same quarter the previous year.
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