Bengaluru, April 25
Wipro today posted a marginal increase in its consolidated profit at Rs 2,267 crore for the quarter ended March. It had registered a profit of Rs 2,257.3 crore in the year-ago period, as per Indian accounting norms.
The total income stood at Rs 15,033.8 crore in the quarter as compared to Rs 14,312.7 crore in the year-ago period, up over 5%.
The company has said it will issue bonus shares within the next two months.
Wipro will offer one bonus share for every one share held, the company said, adding this was done to encourage participation of small investors, increase liquidity and expand retail shareholder base.
For the year ended March 2017, Wipro’s profit fell nearly 5% to Rs 8,518 crore while total income grew 7.4% to Rs 57,995 crore. — PTI
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