Wipro’s wonderful performance. - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Wipro’s wonderful performance.

Apr 27, 2000

Wipro Limited has posted an increase in total income by 28% to Rs 23,129 m and an increase in net profits by 121% to Rs 2,483 m for the financial year ended 31st March 2000 over the previous financial year ended 31st March 1999

Rs m FY1999 FY2000 %change
Total Income 18,040 23,129 28%
Operating Profit (PBDIT) 2,765 4,492 62%
PBIT 2,135 3,793 78%
Profit before tax 1,764 3,507 99%
Net profit 1,702 2,483 46%

Wipro Ltd is a major multi-product company with a major presence in software and hardware, but also a marginal presence in consumer lighting, health care, vegetable oils and related activities. It enjoys one of the largest market capitalisations on Indian stock exchanges.

What is remarkable about this years profits is the fact that it has been achieved despite a non recurring charge of Rs 523 m towards the decline of the value of its investments in Enthink its US subsidiary which is not doing well and the extraordinary loss of Rs 810 m incurred on account of Wipro Finance Limited. Otherwise the profits would have been as high as Rs. 3,816m. However it must be pointed out that the company has had an extraordinary income of Rs 1095 m which is included in the above profits out of divestment in its subsidiary Wipronet where it now holds only a 47% stake.

The main growth in Wipro’s topline and bottomline growth has been fuelled by the 65% growth in its software division Wipro Technologies with income of Rs 10,420 m and profit before taxes of Rs 2,887 m. Global research and development and telecom solutions contributed 46% of revenue, enterprise resource planning 39% and e-commerce 15%.

The other major growth came from hardware and Indian information technology business which grew by 20% to Rs 8,250 m and profit before interest and tax by 27% to Rs 438 m.

The company has recently obtained the Board’s approval for its Rs 2 bn American Depository Receipt Issue (ADR) which will enable it to acquire more companies abroad and thus grow faster.

Equitymaster requests your view! Post a comment on "Wipro’s wonderful performance.". Click here!


More Views on News

WIPRO 2020-21 Annual Report Analysis (Annual Result Update)

Oct 20, 2021 | Updated on Oct 20, 2021

Here's an analysis of the annual report of WIPRO for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of WIPRO. Also includes updates on the valuation of WIPRO.

Wipro Delivers Its 'Best Ever' Quarter Results. Stock Soars 12% in 3 Days (Views On News)

Jul 16, 2021

Shares of Wipro hit a new high of Rs 589 on the BSE today after the company reported a healthy set of June quarter numbers.

WIPRO 2020-21 Annual Report Analysis (Annual Result Update)

Jul 8, 2021 | Updated on Jul 8, 2021

Here's an analysis of the annual report of WIPRO for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of WIPRO. Also includes updates on the valuation of WIPRO.

India's Top 4 IT Companies are Struggling. Here's Why... (Views On News)

Oct 22, 2021

As attrition rates are unbelievably high, top Indian IT companies are going for big-ticket raises, and much more hiring this year.

If You had Invested Rs 1 Lakh in TCS in 2011, this is how Much You Would have Today (Views On News)

Nov 30, 2021

Did TCS perform better than the market and its peers?

More Views on News

Most Popular

Infosys vs TCS: Which is Better? (Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

This Multibagger Stock Zooms 20% After Dolly Khanna Buys Stake (Views On News)

Nov 24, 2021

Shares of this edible oil company zoomed over 50% in three days after ace investor bought around 1% stake.

6 Popular Stocks that Turned into Penny Stocks (Views On News)

Nov 27, 2021

A look at popular stocks that crashed big time and never recovered, i.e. which went from 'Multibaggers to Multibeggers'.

India's Top 5 Monopoly Stocks to Watch Out for (Views On News)

Nov 30, 2021

These 5 companies dominate their sectors with a huge piece of the pie.

5 Indian Companies Embracing Blockchain Technology (Views On News)

Nov 23, 2021

Blockchain adoption in India was slow in the past. Now, the technology is being well received.


Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Dec 3, 2021 (Close)