Wipro falls nearly 5% after disappointing Q4 earnings
On Wednesday, Wipro posted over 20% decline in consolidated profit to Rs 1,800.8 crore for the March quarter, 2017-18.business Updated: Apr 26, 2018 12:52 IST
Shares of Wipro fell by nearly 5% on Thursday, as the company posted over 20% decline in consolidated profit for the March quarter, 2017-18.
After a weak opening on the bourses, the stock further lost 4.56% to Rs 274.10 on the Bombay Stock Exchange (BSE).
On the National Stock Exchange (NSE), shares of the company fell 4.57% to Rs 274.
The stock was the worst hit among bluechips on both Sensex and Nifty during morning trade.
On Wednesday, Wipro posted over 20% decline in consolidated profit to Rs 1,800.8 crore for the March quarter, 2017-18.
The software services firm had registered a profit of Rs 2,267 crore in the year-ago period, as per Indian accounting norms.
Its total income was down 4.9% at Rs 14,304.6 crore in the fourth quarter of last fiscal, compared to Rs 15,045.5 crore in the January-March period of 2016-17.