WIPRO Ltd Q1FY22 consolidated PAT climbs to Rs. 3242.6 crores

WIPRO LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.19045.3 crores during the period ended June 30, 2021 as compared to Rs.16778.7 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.3242.6 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.2972.3 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.5.92 for the period ended June 30, 2021 as compared to Rs.5.38 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 19045.3 crs	₹ 16778.7 crs	13.51%
Net Profit	₹ 3242.6 crs	₹ 2972.3 crs	9.09%
EPS	₹ 5.92	₹ 5.38	10.04%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.19045.3 crores during the period ended June 30, 2021 as compared to Rs.15571.4 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.3242.6 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.2390.4 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.5.92 for the period ended June 30, 2021 as compared to Rs.4.19 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 19045.3 crs	₹ 15571.4 crs	22.31%
Net Profit	₹ 3242.6 crs	₹ 2390.4 crs	35.65%
EPS	₹ 5.92	₹ 4.19	41.29%

Thierry Delaporte, CEO and Managing Director said, "Despite the severe onslaught of the pandemic, we delivered our best-ever quarter, with secular growth across all SMUs, Sectors and GBLs. Our sequential revenue growth of 12.2% was well ahead of the top-end of our guidance range, both organically and with Capco. Though in the early days yet, I am pleased with the way we have collaborated with Capco to build our joint go-to-market offerings and strategy. We remain focused on deepening our customer relationships, investing in talent & capabilities for the future, and winning market share."

Jatin Dalal, Chief Financial Officer said, "We delivered a robust growth in EPS of 41% YoY even as we continued to invest for growth. At 103.7% of our net income, our operating cash flows for the quarter remained healthy. I am also pleased to share that we have successfully issued our debut bond offering in the international markets for $750 million."

Shares of WIPRO LTD. was last trading in BSE at Rs.575.75 as compared to the previous close of Rs. 561.6. The total number of shares traded during the day was 1162742 in over 22675 trades.

The stock hit an intraday high of Rs. 579.75 and intraday low of 559. The net turnover during the day was Rs. 665689639.

Source : Equity Bulls

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