Wipro Q2 net up 24% at Rs 1611 cr, stock gains over 3%

By Religare
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    Shares of Wipro Ltd. gained over 3 per cent in the early trade on Bombay Stock Exchange (BSE) after the country's third largest software services exporter posted 23.8 per cent growth in its net profit for the quarter ended September 30, 2012 at Rs 1610.6 crore.

    The company's net profit for the same quarter last fiscal stood at Rs 1300.9 crore, said Wipro in its filing to the Bombay Stock Exchange (BSE).

    The flagship IT service business of the company witnessed a revenue growth of 23 per cent year on year and stood at Rs 8,373 crore. IT Services Earnings before Interest and Tax (EBIT) stood at Rs 1,731 crore registering a growth of 27 per cent from the year-ago period.

    The shares of the company were trading at Rs 363.40, up 0.55 per cent on Bombay Stock Exchange (BSE).

    In a similar fashion, shares of the company were quoting at Rs 363 a piece, up 0.48 per cent on the National Stock Exchange (NSE).

    Meanwhile, the broader benchmark Sensex was quoting at 18,709.94, up 148.24 points at 10:47 hours

    Read more about: wipro
    Story first published: Friday, November 2, 2012, 13:36 [IST]
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