Leading IT company Wipro has achieved a consolidated net profit of Rs 3,354 crore in the December quarter of the current financial year. The company’s profit has increased by 24% on an annual basis, while on a quarterly basis, Wipro’s profit has increased by 4.5%. Wipro’s revenue increased by 0.5% to Rs 22,319 crore. Wipro shares closed at Rs 281.85 on Friday, down more than 2% on the BSE, while the 52-week high of the company’s shares is Rs 319.95.
Interim dividend of Rs 6 on every share
Wipro’s board has declared an interim dividend of Rs 6 on each share. The company has fixed the record date of this dividend as January 28, 2025, and the dividend will be paid on or before February 15, 2025. Wipro’s operating margin has improved to 17.5%, the highest in three years. During the December 2024 quarter, Wipro won 17 major deals with a total contract value of $1 billion.
The company recently distributed bonus shares
Wipro has recently given the gift of bonus shares to its shareholders. The company has given bonus shares in the ratio of 1:1, that is, 1 bonus share has been distributed for every 1 share. Earlier, in March 2019, Wipro had given bonus shares in the ratio of 1:3, i.e. 1 bonus share was distributed for every 3 shares. Wipro had also given bonus shares in the ratio of 1:1 in June 2017.
Wipro shares rose 17% in one year
Wipro shares have risen by about 17% in the last one year. On January 17, 2024, Wipro shares were at Rs 241.15, while on January 17, 2025, the company’s shares closed at Rs 281.85. However, Wipro shares have seen a decline of about 9% in the last one month. The 52-week low level of the company’s shares is Rs 208.40.
