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Wipro Q4 Indian GAAP Stand-Alone Profit Flat; Approves Final Dividend

Wipro Ltd. reported fourth-quarter stand-alone net profit, as per Indian GAAP, flat at Rs.1,351.30 crore, compared with Rs.1,337.60 crore for the quarter ended March 31 last year. Total income from operations, including other income, rose by 20 percent to Rs.8,861.50 crore from the Rs.7,389.10 crore in the year-ago quarter. 5.51/4.34

On a consolidated basis, its net profit for the fourth-quarter increased by eight percent to Rs.1,480.90 crore from the Rs.1,375.40 crore in the corresponding period a year-ago. Total income from operations, including other income, amounted to Rs.10,080.40 crore, up by 19 percent from the Rs.8,489.00 crore for the comparable period last year.

The company's board recommended a final dividend of 200 percent or Rs.4.00 per equity share of Rs.2 each for the fiscal year 2012. The payment date for the said dividend is fixed as July 25, 2012.

At the BSE, Wipro shares are being traded at Rs.414, down 6.42 percent from the previous close.

by RTTNews Staff Writer

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