04 Jul 2020 | 9:56 AM

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Wipro Ltd Q3 net profit down 10.21% at Rs 2261.30 cr
  Wipro Ltd. | 17 Jan 2020 | 10:51 AM
Published on 01-14-2020
The company reported standalone net profit of Rs 2261.30 crore for the quarter ended December 31 2019 as compared to Rs 2518.40 crore in the same period last year registering a year-on-year decline of 10.21 per cent.


Net revenue of the company rose marginally by 4.59 per cent at Rs 12695.90 crore in October-December quarter of this fiscal as against Rs 12138.70 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 4.91 per cent to Rs 9955.80 crore from Rs 9489.40 crore in year ago period.


Other Income dipped by 33.53 per cent at Rs 521.20 crore versus (Dec`18 Rs 784.10 crore).


Operating Profit surged by 3.43 per cent to Rs 2740.10 crore as against Rs 2649.30 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 1.15 per cent in December quarter.


Interest grew by 27.26 per cent y-o-y to Rs 134.90 crore while Taxation decreased by 1.58 per cent at Rs 571.40 crore (Dec`18 Rs 580.60 crore).