IT company Wipro has released the results for the September quarter. After seeing a decline in constant currency revenue for 6 consecutive quarters, the situation has now turned positive. Along with this, the company has also announced dividend. Let us know the details..
results
Net profit has increased from Rs 2,646 crore in the second quarter last year to Rs 3,209 crore this time. Accordingly, net profit has increased by 21 percent. At the same time, the consolidated revenue of the company has declined by one percent. Conso revenue stood at Rs 22,543 crore in the second quarter last year, while it declined to Rs 22,302 crore in the second quarter of the current financial year. However, after 6 quarters the decline in constant currency revenue has stopped. Large deal bookings have increased by 28 percent on a quarterly basis. Whereas the constant currency has increased by 16 percent year on year. Talking about operating margin, it has seen a growth of 0.7 percent on annual basis and 0.3 percent on quarterly basis.
Bonus announcement
Wipro on Thursday announced its first bonus issue since 2019 in the ratio of 1:1. That means shareholders will get one share for one. IT major Wipro also announced its quarterly results. Overall the company has declared 9 bonus issues so far, according to data with corporate database AceEquity.
Bonus History
Wipro had announced its last bonus issue in 2019 in the ratio of 1:3. The ex-bonus of this stock took place on 6 March 2019. Wipro had announced bonus shares in the ratio of 1:1 in 2017. Earlier in 2010, Wipro had announced bonus shares in the ratio of 2:3. Not only this, the company had also announced bonus shares in 2005 (1:1) and 2004 (2:1). In 1997, Wipro announced bonus shares of 2:1. Bonus issues of 1:1 were also announced in the years 1995 and 1992.