Wipro’s profit up by 27.7%, revenue also increased

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IT company Wipro on Thursday said that the consolidated net profit of the company stood at Rs 2,972 crore in the fourth quarter ending March 31, 2021, with a jump of 27.7 per cent. Wipro had a net profit of Rs 2,326.1 crore in the same period a year ago, due to which the equity holders of the company were.

The IT company’s revenue grew by 3.4 per cent to Rs 16,245.4 crore during the quarter under review. It was Rs 15,711 crore in the same period of 2019-20.

In the year ended 31 March 2021, the consolidated net profit of the company increased by 11 per cent to Rs 10,796.4 crore from Rs 9,722.3 crore in the previous financial year.

Wipro’s annual revenue grew 1.5 per cent to Rs 61,943 crore in 2020-21, from Rs 61,023.2 crore in 2019-20.

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