Wipro is an IT, consulting & BPO player catering to BFSI, health, consumer, energy & utility, technology and communication.
Wipro reported weak Q4 numbers.
IT Consulting & Software company Wipro announced Q1FY24 results:
“Wipro’s first-quarter results come with a strong backbone of large deal bookings, robust client additions, and resilient margins,” said Thierry Delaporte, CEO and Managing Director.
He added, “Despite a gradual reduction in clients’ discretionary spending, we maintained new business momentum. We earned our clients’ trust with strong delivery, innovation, and expanded services that strengthen our long-term businesses, and help capture market share. The launch of Wipro ai360 and the USD 1 billion investment solidifies Wipro’s position as a leading transformation partner that delivers the results and innovation our clients need to future-proof their businesses.”
Jatin Dalal, Chief Financial Officer, said, “Our ongoing focus on operational improvement has ensured that margin remains steady even in a softening revenue environment. Our operating Margin for the first quarter was 16% an expansion of 112 basis point YoY. We generated strong operating cash flows at 130% of our net income for the Quarter. EPS for the quarter grew by 11.5% YoY.”
Equity Capital: 77,667.90 Cr FV: 2.00
| Period | MF Net Purchase / (sold) | FII Net |
|---|---|---|
| LAST 1M | 13,565.29 | -8,591.81 |
| LAST 3M | 37,244.98 | 3,231.65 |
| LAST 6M | 45,909.21 | 154,115.29 |
| LAST 12M | 133,371.71 | 158,810.39 |
| Date | Action Type | Ratio |
|---|---|---|
| Jan 24, 2023 | Dividend | 50 |
| Apr 05, 2022 | Dividend | 250 |
| Jan 21, 2022 | Dividend | 50 |
Wipro Limited is engaged in IT Consulting & Software, having its market capitalization worth INR 2,57,108.70 Cr. as of 16th April 2021. Wipro was formed in 1945, and the company has reported quarterly revenue of INR 13,260.00 Cr. at the end of December 2020. This company is found listed on the Bombay Stock Exchange (BSE), having the code 507685 and on the National Stock Exchange (NSE) with the symbol WIPRO. Initially set up as a manufacturer of vegetable and refined oils. It is now an Indian multinational corporation that provides information technology, consulting and business process services and is headquartered in Bangalore. Wipro is a market leader in technology and IT. Wipro has used its power of analytics and robotics to help its clients spread across the world. Since the June 2020 quarter, the company has been proliferating its revenues, which stands at Rs. 16,245 cr. as of 31 March 2021. Numerous institutional investors invested in the company, and during the quarter of June 2019, shares worth $762.9 thousand were bought. Since September 2020, there has been a remarkable rise in the overview of revenue from CR 15096 to 15750 in March 2020. The company has been experiencing a reduction in the debt for 3 consecutive years, which stands at only a paltry amount of Rs. 4,317 cr. Wipro has numerous subsidiaries, namely Capco, Wipro digital and Top coder, Yardley London, Wipro Technologies. The firm is the world's first PCMM Level 5, and SEI CMM Level 5 accredited IT services firm. Since 23 April 2021, Wipro has risen to become the third most valuable Indian IT company in market capitalization. The group also founded a joint venture called WMNETSERV Ltd. with Motorola to provide telecom operators with world-class regulated services in network operations. Wipro has also managed to acquire PARI, which is precision automation and robotics India, which is a massive step in their robotics arena and will help the company go global in the robotics arena. The company's Return on Equity has been increasing, and it now stands at 17.57 per cent in March 2020, up from 15.95 per cent in March 2019. Wipro has earned the Google cloud partner specialty in technology growth for the year 2021.
Doddakannelli, Sarjapur Road, Bangalore, Karnataka, 560035
| Tel | : | 91-80-28440011 |
| : | info:wipro.com | |
| Website | : | http://www.wipro.com |
Karvy Computershare Pvt Ltd
| AGM Date (Month) | : | Jul |
| Face Value Equity Shares | : | 2 |
| Market Lot Equity Shares | : | 1 |
| BSE Code | : | 507685 |
| NSE Code | : | WIPRO |
| Book Closure Date (Month) | : | |
| BSE Group | : | A |
| ISIN | : | INE075A01022 |
FAQ’s on Wipro Ltd SharesYou can buy Wipro Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Wipro Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Sep 22, 2023 03:59 PM the closing price of Wipro Ltd was ₹ 418.50.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 22, 2023 03:59 PM, the market cap of Wipro Ltd stood at ₹ 229,708.04.
The latest PE ratio of Wipro Ltd as of Sep 22, 2023 03:59 PM is 19.72
The latest PB ratio of Wipro Ltd as of Sep 22, 2023 03:59 PM is 0.34
The 52-week high of Wipro Ltd is ₹ 443.75 while the 52-week low is ₹ 352.00
According to analyst recommendations, Wipro Ltd has a “Buy” rating for the long term.
Download Our App
Invest
