Wipro Q2 results: Net profit declines 9% to Rs 2,659 cr; revenue rises 15%

IT services major Wipro Ltd on Wednesday reported a 9.3 per cent drop in its September quarter net profit, weighed down by rising staff expenses and lower non-US earnings.

Profit attributable to equity shareholders of the company was 9.3 per cent lower at Rs 2,659 crore, the company said in a statement.

The company had reported a consolidated net profit of Rs 2,930.6 crore in the same period a year back.

However, on a sequential basis, profit rose 3.72 per cent in the quarter under review, from Rs 2,563.6 crore in the previous June quarter.

The Bengaluru-based company’s revenue from operations stood at Rs 22,539.7 crore, a 14.60 per cent growth over Rs 19,667.4 crore in the previous year.