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Shares of Wipro today rose by over 3 per cent after the company reported a 5.8 per cent rise in net profit for three months to September.
The stock jumped 3.16 per cent to ₹298.65 on BSE. At NSE, shares of the company went up by 3.19 per cent to ₹299.10.
Wipro Ltd, India’s third largest software firm, on Tuesday reported a 5.8 per cent rise in net profit for three months to September but gave a muted guidance for the third quarter earnings.
Its consolidated net profit (attributable to equity shareholders) in July-September at ₹2,191.8 crore, or ₹4.52 per share, was higher than ₹4.28 a share, in the same period a year before, the company said in a statement.
On a sequential basis, the profit was up 5.5 per cent, according to Indian Accounting Standards.
Its total income fell by about 1.9 per cent to ₹14,134.8 crore and the company said the healthcare segment “continues to be volatile."
IT services revenue in dollar terms grew by 2.1 per cent quarter-on-quarter to $2.013 billion in July-September, while constant currency sequential growth was 0.3 per cent.
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