<p>Shares of Wipro zoomed 9 per cent on Friday, adding Rs 10,777.7 crore to its market valuation, after the company posted a 27.7 per cent jump in consolidated net profit at Rs 2,972 crore for the March 2021 quarter, and exuded confidence of sustaining strong growth momentum in the coming quarters.</p>.<p>The stock jumped 9.86 per cent to Rs 473.50 -- its 52-week high -- on the BSE during the day. It later closed at Rs 469.25, a gain of 8.87 per cent.</p>.<p>On the National Stock Exchange (NSE), it rallied 8.99 per cent to close at Rs 469.45.</p>.<p>The company's market valuation also rallied Rs 10,777.7 crore to Rs 2,57,108.70 crore on the BSE.</p>.<p>The results were announced after market hours on Thursday.</p>.<p>In traded volume terms, 50.49 lakh shares were traded on the BSE and over 10.93 crore shares on the NSE during the day.</p>.<p>"Strong Q4 FY21 show by Wipro along with robust double-digit growth guidance led Wipro to gain today," Binod Modi, head (strategy) at Reliance Securities.</p>.<p>Wipro had registered a net profit (attributable to equity holders) of Rs 2,326.1 crore in the year-ago period, according to the Indian Accounting Standards (Ind-AS).</p>.<p>Its revenue from operations rose 3.4 per cent to Rs 16,245.4 crore in the reported quarter, from Rs 15,711 crore in the year-ago period.</p>.<p>Wipro, which gets a bulk of its topline (revenue) from IT services, said it expects revenues from that unit to be in the range of USD 2,195 million-USD 2,238 million in the June 2021 quarter. This translates into a sequential growth of 2-4 per cent.</p>.<p>Wipro's IT services segment revenue was at $2,152.4 million in the March quarter, a sequential growth of 3.9 per cent.</p>.<p>"Our Q4 performance was built on top of our momentum that we saw in the last quarter. We have reported a solid growth in revenue, healthy order booking and great execution, resulting in robust margins.</p>.<p>"This truly sets the stage for the next quarter and the next financial year," Wipro CEO and Managing Director Thierry Delaporte told reporters.</p>.<p>He added that a revenue of 3.9 per cent in reported terms and 3 per cent in constant currency terms is at the top quartile of its guidance range.</p>
<p>Shares of Wipro zoomed 9 per cent on Friday, adding Rs 10,777.7 crore to its market valuation, after the company posted a 27.7 per cent jump in consolidated net profit at Rs 2,972 crore for the March 2021 quarter, and exuded confidence of sustaining strong growth momentum in the coming quarters.</p>.<p>The stock jumped 9.86 per cent to Rs 473.50 -- its 52-week high -- on the BSE during the day. It later closed at Rs 469.25, a gain of 8.87 per cent.</p>.<p>On the National Stock Exchange (NSE), it rallied 8.99 per cent to close at Rs 469.45.</p>.<p>The company's market valuation also rallied Rs 10,777.7 crore to Rs 2,57,108.70 crore on the BSE.</p>.<p>The results were announced after market hours on Thursday.</p>.<p>In traded volume terms, 50.49 lakh shares were traded on the BSE and over 10.93 crore shares on the NSE during the day.</p>.<p>"Strong Q4 FY21 show by Wipro along with robust double-digit growth guidance led Wipro to gain today," Binod Modi, head (strategy) at Reliance Securities.</p>.<p>Wipro had registered a net profit (attributable to equity holders) of Rs 2,326.1 crore in the year-ago period, according to the Indian Accounting Standards (Ind-AS).</p>.<p>Its revenue from operations rose 3.4 per cent to Rs 16,245.4 crore in the reported quarter, from Rs 15,711 crore in the year-ago period.</p>.<p>Wipro, which gets a bulk of its topline (revenue) from IT services, said it expects revenues from that unit to be in the range of USD 2,195 million-USD 2,238 million in the June 2021 quarter. This translates into a sequential growth of 2-4 per cent.</p>.<p>Wipro's IT services segment revenue was at $2,152.4 million in the March quarter, a sequential growth of 3.9 per cent.</p>.<p>"Our Q4 performance was built on top of our momentum that we saw in the last quarter. We have reported a solid growth in revenue, healthy order booking and great execution, resulting in robust margins.</p>.<p>"This truly sets the stage for the next quarter and the next financial year," Wipro CEO and Managing Director Thierry Delaporte told reporters.</p>.<p>He added that a revenue of 3.9 per cent in reported terms and 3 per cent in constant currency terms is at the top quartile of its guidance range.</p>