Wipro Ltd Q2FY22 consolidated PAT drops QoQ to Rs. 2930.7 crore

The Board of Directors of Wipro Limited, at its meeting held today have approved the unaudited Consolidated financial results of the company for the period ended September 30, 2021.

For the quarter ended September 30, 2021(Q2 FY2022), the company's total income was ₹20173.6 crore, against ₹15651.4 crore in the corresponding quarter of the previous year (YoY) and ₹19045.3 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹2930.7 crore, against ₹2465.7 crore in the corresponding quarter of the previous year (YoY) and ₹3242.6 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹5.35, against ₹4.32 in the corresponding quarter of the previous year (YoY) and ₹5.92 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹20173.6 crs	₹19045.3 crs	5.92%	₹15651.4 crs	28.89%
Net Profit	₹2930.7 crs	₹3242.6 crs	-9.62%	₹2465.7 crs	18.86 %
EPS	₹5.35	₹5.92	-9.63%	₹4.32	23.84%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹39218.9 crore, against ₹31222.8 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹6173.3 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹4856.1 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹11.27 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹8.51 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹39218.9 crs	₹31222.8 crs	25.61%
Net Profit	₹6173.3 crs	₹4856.1 crs	27.12%
EPS	₹11.27	₹8.51	32.43%

Thierry Delaporte, CEO and Managing Director said, "The Q2 results demonstrate that our business strategy is working well. We grew at over 4.5% organic sequential growth for a second quarter in a row, resulting in a 28% YoY growth in the first half of this financial year. I thank our customers, partners, and colleagues as we surpassed the $10Bn milestone of annualized revenue run rate."

Jatin Dalal, Chief Financial Officer said, "We sustained our operating margins in Q2 in a narrow band even after absorbing the full impact of our recent acquisitions and investing significantly in our business across sales, capabilities and talent. We completed a salary increase covering 80% of our colleagues, making it the second hike in this calendar year. We delivered a robust growth in EPS of 23.8% YoY."

Shares of Wipro Limited was last trading in BSE at Rs. 672.55 as compared to the previous close of Rs. 659.05. The total number of shares traded during the day was 411665 in over 7922 trades.

The stock hit an intraday high of Rs. 674.70 and intraday low of 656.00. The net turnover during the day was Rs. 273134486.00.

Source : Equity Bulls

Keywords

Wipro Q2FY22 H1FY22 ResultUpdate