WIPRO Announces Quarterly Results (3QFY21); Net Profit Up 21.5%

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

  • MyStocks

MEMBER'S LOGINX

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

WIPRO Announces Quarterly Results (3QFY21); Net Profit Up 21.5%
Thu, 14 Jan

WIPRO has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

WIPRO Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m154,705150,967156,7003.8%1.3%
Other incomeRs m6,0975,5476,54117.9%7.3%
TurnoverRs m160,802156,514163,2414.3%1.5%
ExpensesRs m122,904116,590115,526-0.9%-6.0%
Gross profitRs m31,80134,37741,17419.8%29.5%
DepreciationRs m5,2946,5787,91220.3%49.5%
InterestRs m1,8441,2671,40010.5%-24.1%
Profit before taxRs m30,76032,07938,40319.7%24.8%
TaxRs m6,1647,2298,52617.9%38.3%
Profit after taxRs m24,59624,85029,87720.2%21.5%
Gross profit margin%20.622.826.3
Effective tax rate%20.022.522.2
Net profit margin%15.315.918.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 1.3% on a year-on-year (YoY) basis. The expenses were down by 6.0% YoY during the same period.
  • The company's operating profit increased by 29.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.3% in 3QFY21 as against 20.6% in 3QFY20.
  • Depreciation charges increased by 49.5% and finance costs declined by 24.1% YoY, respectively.
  • Other income increased by 7.3% YoY during the quarter.
  • Net profit for the quarter increased by 21.5% YoY. Net profit margins during the quarter increased from 15.3% in 3QFY20 to 18.3% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.9% QoQ during the same period.
  • The company's operating profit increased by 19.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.3% in 3QFY21 as against 22.8% in 2QFY20.
  • Net profit for the quarter increased by 20.2% QoQ, while net profit margins increased from 15.9% in 2QFY20 to 18.3% in 3QFY21.

To see how WIPRO has performed over the last eight quarters,please visit here.

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

WIPRO Share Price Performance

Over the last one year, WIPRO share price has moved up from Rs 257.2 to Rs 458.8, registering a Gain of Rs 201.6 or around 78.4%.

Meanwhile, the S&P BSE IT Index is trading at Rs 26,882.7 (up 0.5%). Over the last one year it has moved up from 16,167.4 to 26,882.7, a gain of 10,715 points (up 66.3%).

Overall, the S&P BSE SENSEX is up 18.2% over the year.

Current Valuations

At the current price of Rs 458.8, the price to earnings (P/E) ratio of WIPRO stands at 20.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.8 times.

Equitymaster requests your view! Post a comment on "WIPRO Announces Quarterly Results (3QFY21); Net Profit Up 21.5%". Click here!

  

Related Views on News

WIPRO 2019-20 Annual Report Analysis (Annual Result Update)

Dec 14, 2020 | Updated on Dec 14, 2020

Here's an analysis of the annual report of WIPRO for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of WIPRO. Also includes updates on the valuation of WIPRO.

WIPRO Announces Quarterly Results (2QFY21); Net Profit Down 3.0% (Quarterly Result Update)

Oct 14, 2020 | Updated on Oct 14, 2020

For the quarter ended September 2020, WIPRO has posted a net profit of Rs 25 bn (down 3.0% YoY). Sales on the other hand came in at Rs 151 bn (down 0.2% YoY). Read on for a complete analysis of WIPRO's quarterly results.

WIPRO Announces Quarterly Results (1QFY21); Net Profit Up 0.2% (Quarterly Result Update)

Jul 16, 2020 | Updated on Jul 16, 2020

For the quarter ended June 2020, WIPRO has posted a net profit of Rs 24 bn (up 0.2% YoY). Sales on the other hand came in at Rs 149 bn (up 0.9% YoY). Read on for a complete analysis of WIPRO's quarterly results.

WIPRO 2018-19 Annual Report Analysis (Annual Result Update)

Jun 27, 2019 | Updated on Jun 27, 2019

Here's an analysis of the annual report of WIPRO for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of WIPRO. Also includes updates on the valuation of WIPRO.

More Views on News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

WIPRO SHARE PRICE


Mar 3, 2021 11:36 AM

TRACK WIPRO

COMPARE WIPRO WITH

MARKET STATS