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Wipro: Strong performance continues...

Jan 21, 2004

Software services major, Wipro Limited, has reported over 37% YoY consolidated revenue growth in the December quarter. On a QoQ basis, revenue growth stood at a healthy 10.7%. Net profits of the company grew by 19% YoY during the quarter.

Rs m 3QFY03 3QFY04 Change 9mFY03 9mFY04 Change
Sales 11,083 15,214 37.3% 31,006 40,949 32.1%
Interest Income 220 187 -15.0% 527 530 0.6%
Expenditure 8,579 12,350 44.0% 23,924 33,410 39.7%
Operating Profit (EBIT)** 2,504 2,864 14.4% 7,082 7,539 6.5%
Operating Profit Margin (%) 22.6% 18.8%   22.8% 18.4%  
Interest - - - - - -
Depreciation - - - - - -
Profit before Tax 2,724 3,051 12.0% 7,609 8,069 6.0%
Extraordinary items -64 43 - -730 -5 -
Minority interest -10 -21 - -34 -35 -
Tax 345 330 -4.3% 894 922 3.1%
Profit after Tax/(Loss) 2,305 2,743 19.0% 5,951 7,107 19.4%
Net profit margin (%) 20.8% 18.0%   19.2% 17.4%  
No. of Shares 232.5 232.5   232.5 232.5  
Diluted Earnings per share* (Rs) 39.7 47.2   34.1 40.8  
P/E Ratio (x)   36.7     42.4  
(* annualised)            
** includes depreciation            

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