Wipro Q3 net profit falls 3.8% sequentially on slowdown in BFSI, consumer spend

Bengaluru: Wipro Ltd’s consolidated profit fell 3.8% on a sequential basis to ₹2,463 crore in the quarter ended December 2019. For the September quarter, the company reported net profit of ₹2,561 crore. On a year-on-year basis, net profit declined by 3.2% from ₹2,545 crore for the year ended December 31, 2018.

Revenue from operations increased sequentially by 2.3% to ₹15,470.5 crore in the December quarter, from ₹15,125.6 crore in the previous quarter. On a year-on-year basis, revenue from operations increased 2.7% from ₹15,059.5 crore last year.

Wipro declared an interim dividend of ₹1 per equity share.