Wipro net profit rises 4% to Rs 3,092 crore in Q4

The company had registered a profit of Rs 2,974.1 crore in the same period a year ago
Last Updated 29 April 2022, 12:16 IST

IT company Wipro on Friday posted a 4 per cent rise in consolidated profit at Rs 3,092.5 crore in the fourth quarter ended March 2022.

The company had registered a profit of Rs 2,974.1 crore in the same period a year ago.

"We have had an outstanding year, finishing with $10.4 billion in revenues, and an industry-leading growth of 27 per cent Year-on-Year (YoY). This is our sixth straight quarter of strong revenue growth at or over 3 per cent," Wipro Managing Director and CEO Thierry Delaporte said in a statement.

Wipro's consolidated revenue from operations during the reported quarter grew about 28 per cent to Rs 20,860 crore. In the year-ago period, the same stood at Rs 16,245.4 crore.

For the year ended March 31, 2022, Wipro posted a 12.57 per cent increase in consolidated net profit at Rs 12,232.9 crore. It stood at Rs 10,866.2 crore in the same period a year ago.

The company's annual revenue from operations jumped 28 per cent to Rs 79,747.5 crore in the last fiscal from Rs 62,234.4 crore in 2020-21.

"Our efforts on client mining have resulted in an addition of eight customers in more than $100 million bucket on a Y-o-Y basis. We delivered operating margins of 17.7 per cent for the year, after significant investments on solutions, capabilities and talent.

"Net income for the year was highest ever at $1.6 billion and delivered robust growth in EPS of 17 per cent Y-o-Y," Wipro Chief Financial Officer Jatin Dalal said.

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(Published 29 April 2022, 12:07 IST)

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