Wipro's net profit flat at ₹2,969 crore
Business Standard|January 13, 2022
The consolidated net profit of IT services major Wipro was flat year-or-year (Y-0-Y) at ₹32,969 crore for the December (Q3FY22) quarter. The bottomline grew 1.3 per cent on a sequential basis and was marginally lower than the street estimates.
RAM PRASAD SAHU & SHIVANI SHINDE
Wipro's net profit flat at ₹2,969 crore

The muted net profit performance was on account of weak operating performance and lower other income. While operating profit margins were down 410 basis points y-o-y to 17.6 per cent in the core IT vertical, fall in other income was on account of buyback post-Q3, FY21.

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