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    Wipro Q4 net up 38% to ₹2,494 crore; announces ₹10,500cr buyback plan

    For the full fiscal (2018-19), Wipro saw its net profit increasing by 12.6 per cent to ₹9,017.9 crore, while revenue from operations was up 7.5 per cent to ₹58,584.5 crore.

    Published on: Apr 16, 2019, 17:13:17 IST
    New Delhi | By Anonymous
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    IT services giant Wipro Tuesday said its net profit increased by 38.4 per cent to ₹2,493.9 crore in the March 2019 quarter, and announced a ₹10,500 crore buyback programme.

    IT services giant Wipro Tuesday said its net profit increased by 38.4 per cent to ₹2,493.9 crore in the March 2019 quarter, and announced a ₹10,500 crore buyback programme. (Hemant Mishra/Mint File Photo)
    IT services giant Wipro Tuesday said its net profit increased by 38.4 per cent to ₹2,493.9 crore in the March 2019 quarter, and announced a ₹10,500 crore buyback programme. (Hemant Mishra/Mint File Photo)

    The Bengaluru-based company had posted a net profit of ₹1,800.8 crore in the January-March 2018 period, Wipro said in a BSE filing.

    Its revenue from operations - under IND AS accounting norms - grew 8.9 per cent to ₹15,006.3 crore in the period under review from ₹13,768.6 crore in the year-ago period.

    For the full fiscal (2018-19), Wipro saw its net profit increasing by 12.6 per cent to ₹9,017.9 crore, while revenue from operations was up 7.5 per cent to ₹58,584.5 crore.

    The Wipro board has also approved a ₹10,500 crore buyback plan under which it will buy back up to 32.3 crore shares at ₹325 apiece, the filing added.