Wipro Bonus Issue: IT major's board recommend issuance of 1:1 bonus share - Check Details

Wipro Bonus Issue: IT large Wipro Limited has informed exchanges that its committee has recommended the issuance of 1:1 bonus shares i.e. issuance of 1 equity stock having a look worth of Rs 2 each for each 1 afloat paid-up equity stock held to the eligible equity shareholders of the institution arsenic of the grounds date.

Meanwhile, the institution has reported a 21 per cent emergence successful the nett net for Q2FY25. Net nett of the institution accrued from Rs 2646 crore to Rs 3209 crore for the September 4th (YoY).

However, the company's consolidated gross fell to Rs 22,302 crore for the July-September 4th from Rs 22,543 crore for the aforesaid play a twelvemonth ago.

Net income of the institution grew 6.8 per cent (QoQ) and 21.3 per cent YoY. Revenue from IT Services grew 1.3 per cent (QoQ).

Net borderline for Wipro expands 35 ground points (QoQ). The company's Large Deal Bookings astatine USD 1.5 billion, the highest successful 10 quarters.

Operating currency flows of the institution recorded astatine Rs 42.7 cardinal an summation of 10.5 per cent (YoY) which is 132.3 per cent of the nett income for the quarter

Srini Pallia, CEO and Managing Director, Wipro said, "Based connected beardown execution successful Q2, we met our expectations for gross growth, bookings, and margins. We continued to grow our apical accounts, ample woody bookings surpassed $1 Bn erstwhile again, and Capco maintained its momentum for different consecutive quarter."

Srini Pallia further added that the institution has grown successful 3 retired of the 4 markets, "We grew successful 3 retired of 4 markets, arsenic good as, successful BFSI, Consumer and Technology and Communications sectors. We volition proceed to put successful our clients, our strategical priorities, and gathering a beardown AI powered Wipro."

Aparna Iyer, Chief Financial Officer, said the institution is pleased with its show successful Q2FY25.

She said, "I americium pleased with our show crossed each parameters including Revenue, Bookings, Operating margin, currency travel and EPS. On the backmost of operational improvements, we further expanded our margins by 35 ground points and our EPS grew 6.8 per cent QoQ."

She added, "Our operating currency travel continues to beryllium robust astatine 132.3 per cent of nett income successful Q2. As a result, cumulatively successful the archetypal fractional of this twelvemonth we generated astir $1B successful operating currency flow". 

With PTI inputs