Wipro share buyback: IT services giant Wipro announced a significant Rs 15,000 crore share buyback at Rs ...More

Wipro share buyback: IT services giant Wipro announced a significant Rs 15,000 crore share buyback at Rs 250 per share, a 19% premium over the last closing price. This marks the company's first buyback in over three years, involving up to 60 crore shares, representing 5.7% of its paid-up capital. Promoters have indicated their intention to participate in the tender route buyback. ...Less

Wipro Q4 Results: Wipro's net profit dipped 2% to Rs 3,502 crore in the March quarter, despite an 8% reve ...More

Wipro Q4 Results: Wipro's net profit dipped 2% to Rs 3,502 crore in the March quarter, despite an 8% revenue increase to Rs 24,236 crore. The IT services segment saw sluggish growth, with revenue up only 0.6% sequentially. The company announced a significant Rs 15,000 crore share buyback, signaling confidence amidst cost pressures and declining operating margins. ...Less

HDFC Life Insurance will issue shares worth one thousand crore rupees to promoter HDFC Bank. This move ai ...More

HDFC Life Insurance will issue shares worth one thousand crore rupees to promoter HDFC Bank. This move aims to strengthen the insurer's solvency and support future growth. The company reported a modest profit rise in the March quarter. Net premium income also saw an increase. The board recommended a final dividend for FY26. ...Less

Wipro share price fell 4% after the company reported a 2% YoY decline in Q4 profit to ₹3,502 crore, despi ...More

Wipro share price fell 4% after the company reported a 2% YoY decline in Q4 profit to ₹3,502 crore, despite announcing a ₹15,000 crore buyback. Revenue rose 8% YoY, but the core IT services business remained sluggish with minimal growth, reflecting weak demand. Margins also edged lower, signaling ongoing cost pressures, even as profit improved on a sequential basis. ...Less

Happy Friday! India’s AI agent boom is outpacing the guardrails meant to keep it in check. This and more ...More

Happy Friday! India’s AI agent boom is outpacing the guardrails meant to keep it in check. This and more in today’s ETtech Morning Dispatch. ...Less

Wipro Q2 Results: Gross revenue stood at Rs 22,300 crore, marking a 1.5% increase quarter-on-quarter and ...More

Wipro Q2 Results: Gross revenue stood at Rs 22,300 crore, marking a 1.5% increase quarter-on-quarter and a 1% decline year-on-year. IT services segment revenue reached $2,660.1 million, up 1.3% QoQ and down 2% YoY. ...Less

The Bengaluru-based IT company's operating margin in the IT services segment grew 16 basis points QoQ dur ...More

The Bengaluru-based IT company's operating margin in the IT services segment grew 16 basis points QoQ during the quarter to 15.1%. In constant currency terms, the IT services segment revenue increased by 4.1% QoQ and 12.9% YoY. During the September quarter, Wipro's top 5 clients grew 19% YoY, and the top 10 clients grew 17% YoY in constant currency terms. ...Less

Overall revenue growth is expected to remain within the company's guidance range of -1% to +1% in constan ...More

Overall revenue growth is expected to remain within the company's guidance range of -1% to +1% in constant currency (CC), with performance across key verticals being closely monitored. ...Less

Tata Consultancy Services has moved staff to work from home amid an ongoing investigation at its Nashik o ...More

Tata Consultancy Services has moved staff to work from home amid an ongoing investigation at its Nashik office. This and more in today’s ETtech Top 5. ...Less

Wipro is expected to report a YoY revenue decline for Q2 2024, with five brokerages predicting figures be ...More

Wipro is expected to report a YoY revenue decline for Q2 2024, with five brokerages predicting figures between Rs 22,134 crore and Rs 22,516 crore. Net profit growth is anticipated to range between 5.5% and 19.5%. Key focus areas include Q3 FY25 guidance, deal ramp-up, and future visibility. ...Less

Wipro's Q2 consolidated revenue from operations for the said quarter stood at Rs 22,515.90 crore which wa ...More

Wipro's Q2 consolidated revenue from operations for the said quarter stood at Rs 22,515.90 crore which was up by just 0.10% versus Rs 22,539.70 crore reported by the company in the year-ago period. Wipro's Q2 profit and revenue missed ET NOW poll estimates of Rs 2,800 crore and Rs 22,810 crore, respectively. ...Less

Wipro Q2 preview: Wipro’s consolidated net profit may rise 10.3% on year to Rs 2,933 crore in the Septemb ...More

Wipro Q2 preview: Wipro’s consolidated net profit may rise 10.3% on year to Rs 2,933 crore in the September quarter, according to the average of estimates given by nine brokerages, and revenue is expected to grow just 1.3% to Rs 22,828 crore. Sequentially, the topline is expected to be flat, while profit is likely to rise 2.2%, the estimates showed. ...Less

The company’s consolidated revenue for the quarter climbed 7.7 per cent quarter-on-quarter to Rs. 19,667. ...More

The company’s consolidated revenue for the quarter climbed 7.7 per cent quarter-on-quarter to Rs. 19,667.4 crore, which beat Street’s expectations. ...Less

"The Q2 results demonstrate that our business strategy is working well,” said Thierry Delaporte, managing ...More

"The Q2 results demonstrate that our business strategy is working well,” said Thierry Delaporte, managing director and chief executive officer at Wipro in a press statement. ...Less

Wipro Q2 Results: The company's revenue from operations in the quarter stood at Rs 22,697 crore, up 1.8% ...More

Wipro Q2 Results: The company's revenue from operations in the quarter stood at Rs 22,697 crore, up 1.8% from Rs 22,302 crore in the corresponding quarter of the previous financial year. ...Less

India’s fourth largest IT firm’s revenue stood at Rs 22,539 crore, up 14.6% compared to last year. The st ...More

India’s fourth largest IT firm’s revenue stood at Rs 22,539 crore, up 14.6% compared to last year. The street estimated the metric to rise 14.1% for the quarter. ...Less

Wipro shares have plummeted 23% in three months, becoming the Nifty's worst performer, impacted by weak Q ...More

Wipro shares have plummeted 23% in three months, becoming the Nifty's worst performer, impacted by weak Q3 results and sector-wide AI concerns. Despite a recent 8% gain in April, analysts remain cautious due to weak growth guidance and integration pressures. The company's upcoming Q4 results and potential share buyback will be key triggers. ...Less

Shareholders with company shares in their demat accounts on the record date will receive an additional sh ...More

Shareholders with company shares in their demat accounts on the record date will receive an additional share as a bonus. The record date for this has not yet been announced. ...Less

The Bengaluru-based company's second quarter profits were up by 17.9% to Rs 2,930 crore and revenue by 30 ...More

The Bengaluru-based company's second quarter profits were up by 17.9% to Rs 2,930 crore and revenue by 30.1% to Rs 19,667 crore on the back of strong demand environment across all sectors and business lines, the company said. ...Less

The firm has given guidance of $2,014 million to $2,054 million for December quarter revenue. ...More

The firm has given guidance of $2,014 million to $2,054 million for December quarter revenue. ...Less

Wipro shares increased by 3% on BSE following the announcement that its board will consider issuing bonus ...More

Wipro shares increased by 3% on BSE following the announcement that its board will consider issuing bonus shares in October 2024. This move aims to make stock more affordable for investors. All shareholders owning shares before the record date will be eligible. Wipro has seen a 13% rise in its shares in 2024 so far. ...Less

Net sales of the company rose 8.32 per cent to Rs 14,541 crore. ...More

Net sales of the company rose 8.32 per cent to Rs 14,541 crore. ...Less

Here are key takeaways from the Wipro’s financial report card. ...More

Here are key takeaways from the Wipro’s financial report card. ...Less

Consolidated revenue of the company declined marginally 0.07 per cent YoY to Rs 15,114.50 crore, over Rs ...More

Consolidated revenue of the company declined marginally 0.07 per cent YoY to Rs 15,114.50 crore, over Rs 15,125.60 crore posted in Q2FY20. ...Less

Wipro’s second-quarter performance was significantly below the analysts’ already muted expectations. In a ...More

Wipro’s second-quarter performance was significantly below the analysts’ already muted expectations. In addition, the country’s fourth largest software exporter provided a sombre outlook for the next quarter’s top line notwithstanding a sustained momentum in new deal wins. ...Less

Wipro’s IT services revenue rose 2.1% sequentially to $1,831.9 million. In constant currency terms, the c ...More

Wipro’s IT services revenue rose 2.1% sequentially to $1,831.9 million. In constant currency terms, the company reported growth of 3.1%. ...Less

The company has guided for IT services revenue of $2,065 million to $2,106 million for the December quart ...More

The company has guided for IT services revenue of $2,065 million to $2,106 million for the December quarter. ...Less

Even though the growth in second quarter was high by Wipro's standards, analysts believe momentum has bee ...More

Even though the growth in second quarter was high by Wipro's standards, analysts believe momentum has been slow in returning. ...Less

“We want to focus our attention in the near future around cloud, engineering services, data, security and ...More

“We want to focus our attention in the near future around cloud, engineering services, data, security and digital transformation. This is where we are seeing the largest increase in our pipeline.” ...Less

Though the top tier firms have been announcing large deal wins over the past few weeks, brokerages believ ...More

Though the top tier firms have been announcing large deal wins over the past few weeks, brokerages believe they are unlikely to translate into a major change in revenue growth forecast of the Indian IT firms. ...Less

Wipro added 53 customers in the second quarter, its best showing since the fourth quarter of the last fis ...More

Wipro added 53 customers in the second quarter, its best showing since the fourth quarter of the last fiscal when it added 68 clients. ...Less

Analysts recommend to hold long positions in the stock with stop loss of Rs 470. However, the fresh long ...More

Analysts recommend to hold long positions in the stock with stop loss of Rs 470. However, the fresh long positions can be initiated only above Rs 520. ...Less

Dolat Capital Market has maintained underperform rating on Wipro even as the IT major reported better-tha ...More

Dolat Capital Market has maintained underperform rating on Wipro even as the IT major reported better-than-expected second quarter results. ...Less

The set price for buyback also is not likely to enthuse investors given the premium is just 6 per cent fr ...More

The set price for buyback also is not likely to enthuse investors given the premium is just 6 per cent from current market price. ...Less

Zepto is in talks with domestic investors for another fundraise which may value the company at $4.6 billi ...More

Zepto is in talks with domestic investors for another fundraise which may value the company at $4.6 billion. This and more in today’s ETtech Top 5. ...Less

Motilal Oswal expects Wipro to report a 4.1 per cent decline in September quarter net profit from a year ...More

Motilal Oswal expects Wipro to report a 4.1 per cent decline in September quarter net profit from a year ago, while it may have risen 1.8 per cent from the quarter before. ...Less

Wipro cited four reasons behind the merger decision — to consolidate business operations, enable synergie ...More

Wipro cited four reasons behind the merger decision — to consolidate business operations, enable synergies of operations, facilitate a reduction in overheads including administrative, managerial, and other expenditures, ensure an optimised legal entity structure, and to significantly reduce multiplicity of legal and regulatory compliances ...Less

Shares of Wipro held on to intraday gains as analysts maintained ‘buy’ recommendation on the stock after ...More

Shares of Wipro held on to intraday gains as analysts maintained ‘buy’ recommendation on the stock after it came out with second quarter results. ...Less

Wipro's performance in Europe has been disappointing, with execution delays being the root cause. Both pr ...More

Wipro's performance in Europe has been disappointing, with execution delays being the root cause. Both profit and revenue figures have dropped. The weakness is expected to continue in Wipro's consulting business, particularly in Europe. The company's guidance for Q3 FY24 is also lower than expected, with a range of -3.5% to -1.5% in constant currency terms. This is seen as a disappointment, as analysts were hoping for a guidance starting from 0 to 1.5%. Overall, the guidance and performance of Wipro have been underwhelming. ...Less

Wipro's Q2 results show signs of recovery with some large new projects in its bag and a relatively better ...More

Wipro's Q2 results show signs of recovery with some large new projects in its bag and a relatively better third quarter revenue forecast. ...Less

Wipro's scrip rose over 3% after the company reported 23.8 % jump in consolidated net profit for the seco ...More

Wipro's scrip rose over 3% after the company reported 23.8 % jump in consolidated net profit for the second quarter ended September 30. ...Less

“Our top pick would remain Infosys which we have been bullish on since the last two-three quarters. Withi ...More

“Our top pick would remain Infosys which we have been bullish on since the last two-three quarters. Within the IT pack, we like Infosys only and last quarter we upgraded HCL Tech from hold to buy. The second bet would be HCL Tech. We have a buy on Wipro but after this commentary, we would able to come out with details in terms of whether we will maintain the positive stance” ...Less

Wipro CEO Srini Pallia says demand remains strong across BFSI, healthcare, and technology as the company ...More

Wipro CEO Srini Pallia says demand remains strong across BFSI, healthcare, and technology as the company closes $9.5 billion in bookings for H1 FY25. CFO Aparna Iyer attributes margin dip to a one-off client provision while maintaining a stable outlook. Wipro’s pipeline, led by AI and automation projects, positions it for gradual growth in FY26. ...Less

Wipro Share Price: Wipro reports a 21% rise in net profit to Rs 3,209 crore for Q2 FY2024, surpassing est ...More

Wipro Share Price: Wipro reports a 21% rise in net profit to Rs 3,209 crore for Q2 FY2024, surpassing estimates. Revenue from operations stood at Rs 22,302 crore, slightly down from last year. Outlook for Q3 anticipates IT Services revenue between $2,607 million to $2,660 million. ...Less

We expect margin to expand by 70 bps but remain below the guided range of 17-17.5%, owing to higher compe ...More

We expect margin to expand by 70 bps but remain below the guided range of 17-17.5%, owing to higher compensation and initiation of quarterly promotions. These headwinds will be offset by operational efficiencies, rupee depreciation and improvement in utilization. ...Less

In the coming week, financials are set to dominate the earnings with big private banks including ICICI Ba ...More

In the coming week, financials are set to dominate the earnings with big private banks including ICICI Bank, Kotak Bank, and HDFC Bank set to report their results. Apart from them, several Nifty heavyweight across sectors are slated to announce their earnings. Here's a look ...Less

IT major will have to deliver consistent growth in line with peers, if not better, to retain its valuatio ...More

IT major will have to deliver consistent growth in line with peers, if not better, to retain its valuation on the stock market. ...Less

"We lowered our stimate by up to 6 per cent to factor in a miss on margin," it added. It is awaiting furt ...More

"We lowered our stimate by up to 6 per cent to factor in a miss on margin," it added. It is awaiting further evidence of the execution of strategy, and a successful turnaround from its growth struggles over the last decade before turning more constructive on the stock. ...Less

Today, the focus will be on the results of HCL Technologies and Wipro.. Other important results include H ...More

Today, the focus will be on the results of HCL Technologies and Wipro.. Other important results include HDFC Life Insurance Company, Anand Rathi Wealth, Aditya Birla Money, Den Networks, and Tata Metaliks. HCL Technologies is expected to beat sector seasonality with a rise in revenue, while Wipro's performance is expected to be muted due to furloughs and weak demand. ...Less

The company’s revenues in dollar terms are likely to be $1628 million, up 2.5 per cent, against $ 1588.30 ...More

The company’s revenues in dollar terms are likely to be $1628 million, up 2.5 per cent, against $ 1588.30 million, in the last quarter, said ET Now poll. ...Less

The firm maintained margins in Q2 despite the impact of salary rise for an incremental two months due to ...More

The firm maintained margins in Q2 despite the impact of salary rise for an incremental two months due to operational improvements in automation-led productivity. ...Less

Wipro is likely to have a subdued third quarter with constant currency revenue expected to be declining a ...More

Wipro is likely to have a subdued third quarter with constant currency revenue expected to be declining and may well be the weakest among the peers. ...Less

Q4 Results Today: Mixed Q4 earnings for IT sector with TCS outperforming and Infosys lagging. Awaited rep ...More

Q4 Results Today: Mixed Q4 earnings for IT sector with TCS outperforming and Infosys lagging. Awaited reports from companies like Wipro, Hindustan Zinc, Sejal Glass, and others will provide further insight into the sector's performance. ...Less

Wipro CEO Thierry Delaporte discussed the company's Q2 performance and the challenges posed by a slowing ...More

Wipro CEO Thierry Delaporte discussed the company's Q2 performance and the challenges posed by a slowing market and reduced discretionary spending. He emphasized that there have been no client cancellations or one-off events, but rather a decrease in discretionary spending. Delaporte also noted that the consulting business has been impacted by the slower market. The company's CFO, Aparna Iyer, mentioned that Q3 will be a challenging quarter due to seasonality and wage hikes. However, Wipro remains positive about their strong deal wins and pipeline ...Less

The management said that margins in the current quarter will see the impact of two additional months of s ...More

The management said that margins in the current quarter will see the impact of two additional months of salary increment, though it expects it to be partially offset by likely improvement of utilisation and price realisation. Attrition has been a key factor contributing to the rise in staff cost and hurting margin. ...Less

Gross revenue for the quarter rose 1.3 per cent YoY to Rs 15,670 crore. It was up 3.7 per cent on sequent ...More

Gross revenue for the quarter rose 1.3 per cent YoY to Rs 15,670 crore. It was up 3.7 per cent on sequential basis. ...Less

Net profit should decline 9% QoQ on business divestment, slow growth and margin decline in Q1FY20. ...More

Net profit should decline 9% QoQ on business divestment, slow growth and margin decline in Q1FY20. ...Less

Wipro's shares surged 10% to reach a 52-week high of Rs 511.95 after the release of its Q3 results. The c ...More

Wipro's shares surged 10% to reach a 52-week high of Rs 511.95 after the release of its Q3 results. The company's consolidated net profit declined by nearly 12% YoY to Rs 2,694 crore, while its consolidated revenue dropped 4.4% to Rs 22,205 crore. Brokerages like Jefferies and BofA maintained an 'Underperform' rating, while Kotak Institutional Equities recommended a 'Reduce' and Nuvama suggested a 'Hold'. Wipro's Q4 growth guidance and continued headcount declines are concerning for the company. However, the company's sustainability and improved demand commentary are encouraging factors. ...Less

Waaree Energies reported a robust 133% surge in consolidated Q2 net profit, reaching Rs 842 crore compare ...More

Waaree Energies reported a robust 133% surge in consolidated Q2 net profit, reaching Rs 842 crore compared to Rs 362 crore in the previous year. The company's revenue also saw a significant 70% jump to Rs 6,066 crore. This strong performance was driven by substantial growth in both net profit and revenue on a sequential basis as well. ...Less

Wipro said its large deal bookings grew 42% YoY in H1 2023. The overall order book in TCV terms grew 24% ...More

Wipro said its large deal bookings grew 42% YoY in H1 2023. The overall order book in TCV terms grew 24% YoY in Q2. At 12.06 pm, the scrip was trading 0.19% lower at Rs 376.6 over its last day’s trading price of Rs 377.30 apiece. The stock has fallen nearly 30% in the last six months while it has declined 48% year-to-date. ...Less

LTIMindtree reported a 12% year-on-year jump in consolidated Q2 net profit to Rs 1,401 crore, with revenu ...More

LTIMindtree reported a 12% year-on-year jump in consolidated Q2 net profit to Rs 1,401 crore, with revenue rising 10% to Rs 10,394 crore. The IT firm also declared a Rs 22 per share dividend. ...Less

Analysts in an ET NOW poll had projected the figure at Rs 2,101 crore. ...More

Analysts in an ET NOW poll had projected the figure at Rs 2,101 crore. ...Less

The bottomline was lower than the ET Now poll of Rs 3,040 crore, while the topline was largely on expecte ...More

The bottomline was lower than the ET Now poll of Rs 3,040 crore, while the topline was largely on expected lines. ...Less

Wipro's Q4 net profit surged 26% YoY to ₹3,570 crore, surpassing Street estimates, while revenue rose 1% ...More

Wipro's Q4 net profit surged 26% YoY to ₹3,570 crore, surpassing Street estimates, while revenue rose 1% to ₹22,504 crore. The board's ₹6 per share interim dividend, declared earlier, will be the final dividend for FY25. CEO Srini Pallia highlighted significant deal wins and improved client satisfaction. ...Less

Wipro Share Price: Following disappointing Q4 results from Infosys, investor sentiment towards IT stocks ...More

Wipro Share Price: Following disappointing Q4 results from Infosys, investor sentiment towards IT stocks soured, leading to pressure on Wipro shares. Wipro is slated to unveil its March quarter numbers post-market hours. ...Less

Wipro plans to hire 10,000-12,000 freshers annually by FY26, emphasising a cautious hiring approach to en ...More

Wipro plans to hire 10,000-12,000 freshers annually by FY26, emphasising a cautious hiring approach to ensure consistent absorption. In Q3, Wipro's net profit jumped by 24.5% YoY, driven by Capco's growth and rupee depreciation. While Infosys plans to onboard 20,000 freshers in FY26 and reported stronger financial growth, upgrading its FY25 outlook. ...Less

Angel One, Waaree Renewable Technologies, and Wipro are set to announce their Q4 results, among ten compa ...More

Angel One, Waaree Renewable Technologies, and Wipro are set to announce their Q4 results, among ten companies reporting today. Wipro anticipates a revenue decline in constant currency due to softening demand, with a projected marginal YoY revenue increase. Profit is expected to rise, while margins remain stable, with investor focus on client spending and BFSI performance. ...Less

Wipro ADRs rose over 5% as the company reported an 11% YoY increase in Q1FY26 net profit to ₹3,330 crore, ...More

Wipro ADRs rose over 5% as the company reported an 11% YoY increase in Q1FY26 net profit to ₹3,330 crore, exceeding Street estimates. Revenue grew 0.7% to ₹22,134 crore. ...Less

Indian markets ended at 52-week highs on Friday led by FMCG, auto, and banking stocks. Adani Power, Ola E ...More

Indian markets ended at 52-week highs on Friday led by FMCG, auto, and banking stocks. Adani Power, Ola Electric, and Whirlpool surged on positive developments, while Yes Bank, Wipro, and Infosys declined after mixed news and earnings updates. ...Less

Wipro Q4 Results: Wipro reported an 8% YoY decrease in net profit to Rs 2,835 crore for the quarter ended ...More

Wipro Q4 Results: Wipro reported an 8% YoY decrease in net profit to Rs 2,835 crore for the quarter ended March 2024. PAT is slightly below estimates. Operating margins at 16.4%. Future outlook optimistic with a focus on AI transformation. ...Less

Wipro Dividend: Wipro's board announced an interim dividend of Rs 6 per share for eligible shareholders, ...More

Wipro Dividend: Wipro's board announced an interim dividend of Rs 6 per share for eligible shareholders, with January 28 set as the record date. The dividend will be paid on or before February 15. The announcement coincides with Wipro's Q3 results, reporting a 24% rise in net profit to Rs 3,354 crore. ...Less

The board of the company declared an interim dividend of Rs 1 per equity share. ...More

The board of the company declared an interim dividend of Rs 1 per equity share. ...Less

In the last 12 months, the company has declared an equity dividend amounting to Rs 11 per share and at a ...More

In the last 12 months, the company has declared an equity dividend amounting to Rs 11 per share and at a share price of Rs 267.60, Wipro's dividend yield stands at 4.11%, according to Trendlyne data. ...Less

RIL Share Price: Reliance Industries shares rose 1.1% following the announcement of a record date for iss ...More

RIL Share Price: Reliance Industries shares rose 1.1% following the announcement of a record date for issuing 1:1 bonus shares. Shareholders approved the bonus issue with 99.92% votes in favor. The company received approval to increase its authorized share capital to Rs 50,000 crore. The bonus shares will be issued from premium, reserve, and retained earnings as of March 31, 2024. ...Less

SBI Life is expected to report its third quarter results with significant year-on-year growth in profitab ...More

SBI Life is expected to report its third quarter results with significant year-on-year growth in profitability despite muted growth in the SBI channel. Analysts forecast around 50-56% PAT growth, stable new business premium, and flattish VNB margins. The company's performance amid strong agency channel growth and management's commentary on distribution will be key focus areas. ...Less

The IT major has guided for -1.5% to 1% sequential growth in its IT services business revenue. This trans ...More

The IT major has guided for -1.5% to 1% sequential growth in its IT services business revenue. This translates to a revenue of $2.62-$2.67 billion in the March quarter in constant currency terms. Most analysts had expected Wipro to give -1% to +1% growth in constant currency revenue. ...Less

Its revenue from operations increased 21.29 per cent year-on-year (YoY) to Rs 15,278 crore from Rs 12,596 ...More

Its revenue from operations increased 21.29 per cent year-on-year (YoY) to Rs 15,278 crore from Rs 12,596 crore in the same quarter last year. This is lower than analysts' expectation of around 30 per cent growth in revenues. ...Less

Wipro ADRs fell 7% despite a 26% YoY jump in Q4FY25 net profit to Rs 3,570 crore. Weak Nasdaq cues and fl ...More

Wipro ADRs fell 7% despite a 26% YoY jump in Q4FY25 net profit to Rs 3,570 crore. Weak Nasdaq cues and flat revenue growth tempered investor sentiment. ...Less

HCLTech is expected to report strong earnings for the December quarter, while Wipro may continue to disap ...More

HCLTech is expected to report strong earnings for the December quarter, while Wipro may continue to disappoint the market. HCLTech shares have rallied nearly 19% in the last quarter and are holding on to gains. Analysts expect HCLTech's revenue to rise 5% sequentially, and net profit to increase by 7%. Wipro is likely to see a decline in constant currency revenue growth due to furloughs and weak demand. ...Less

A recent study highlighted the risky nature of IPO investments in India. Of the 30 largest IPOs, 8 have a ...More

A recent study highlighted the risky nature of IPO investments in India. Of the 30 largest IPOs, 8 have actually resulted in losses for investors. The most striking example is Reliance Power, which launched its massive Rs 11,700 crore IPO in February 2008. Despite the initial hype, the stock has plummeted by over 80% from its issue price of Rs 450, leaving investors with significant losses. This serves as a stark reminder that even high-profile IPOs can fail to deliver on their promises. ...Less

Today, 38 companies announce their Q2 FY24 results, including Infosys, Wipro, Axis Bank, and Nestle India ...More

Today, 38 companies announce their Q2 FY24 results, including Infosys, Wipro, Axis Bank, and Nestle India. Infosys is poised for healthy growth driven by mega-deals, whereas Wipro may see a revenue decline. Axis Bank is expected to boost net profit by 8% with rising NII, and Nestle India projects a 5-7% revenue uptick. ...Less

Wipro Q1 Results: Wipro's revenue for the quarter rose 17.9 per cent YoY to Rs 21,528.6 crore. Its operat ...More

Wipro Q1 Results: Wipro's revenue for the quarter rose 17.9 per cent YoY to Rs 21,528.6 crore. Its operating margin in IT services segment decreased by 200 bps QoQ to 15 per cent. ...Less

Q1 results today: Several major companies, including Reliance Industries, Wipro, and Paytm, are set to an ...More

Q1 results today: Several major companies, including Reliance Industries, Wipro, and Paytm, are set to announce their first quarter results today. Expectations range from profit growth to revenue declines across different sectors. Investors are advised to stay informed and watch out for key updates. ...Less

The technology major reported a nearly 12% year-on-year (YoY) rise in consolidated net profit for the qua ...More

The technology major reported a nearly 12% year-on-year (YoY) rise in consolidated net profit for the quarter ended June at Rs 2,870 crore. Consolidated revenue for the quarter increased by 6% YoY to Rs 22,831 crore.The bottomline was lower than the ET Now poll of Rs 3,040 crore, while the topline was largely in line with the expected revenue of Rs 22,870 crore ...Less

Edtech giant Byju’s, which has faced intense scrutiny over its accounting practices in recent months, has ...More

Edtech giant Byju’s, which has faced intense scrutiny over its accounting practices in recent months, has decided to sack about 2,500 of its 50,000 employees as it looks to turn a profit this fiscal year. This is the company’s second round of layoffs this year – it fired at least 600 people from group companies Toppr and WhiteHat Jr in June. ...Less

Jio Financial Services is set to announce its Q1 earnings today, along with a presentation to analysts. O ...More

Jio Financial Services is set to announce its Q1 earnings today, along with a presentation to analysts. Other key companies like Axis Bank, Wipro, and LTIMindtree will also release their results. Jio Financial's Q4 FY25 saw a marginal profit increase and revenue growth. Its mutual fund arm, Jio BlackRock, recently secured SEBI approval for five new index funds. ...Less

Sterling and Wilson Renewable Energy reported a 680% YoY surge in Q1FY26 net profit to ₹39 crore, driven ...More

Sterling and Wilson Renewable Energy reported a 680% YoY surge in Q1FY26 net profit to ₹39 crore, driven by a 93% revenue increase to ₹1,762 crore. EBITDA rose 176% YoY. Sequentially, profit and revenue dipped, but operational efficiency and execution remain strong. ...Less

After surging 9 per cent to Rs 417.5 in intra-day trade, the stock finally ended at Rs 408.50, up 6.71 pe ...More

After surging 9 per cent to Rs 417.5 in intra-day trade, the stock finally ended at Rs 408.50, up 6.71 per cent from its previous close on the BSE. ...Less

Infosys will announce its October-December quarter earnings on January 11, Thursday. The company witnesse ...More

Infosys will announce its October-December quarter earnings on January 11, Thursday. The company witnessed a setback in the form of a recent termination of a $1.5 billion AI deal with an unnamed global company, which Elara said, added to the company's growth headwinds in the near term. ...Less

Indian Hotels Company (IHCL) reported a 23% YoY profit growth to ₹582 crore and 29% revenue growth in Q3 ...More

Indian Hotels Company (IHCL) reported a 23% YoY profit growth to ₹582 crore and 29% revenue growth in Q3 FY25, driven by its air and institutional catering business and expanded property portfolio. ...Less

Wipro's board of directors has reappointed Azim H. Premji as Non-Executive, non-independent director of t ...More

Wipro's board of directors has reappointed Azim H. Premji as Non-Executive, non-independent director of the company while re-appointing Rishad A. Premji as the whole-time director for a period of five years with effect from July 31, 2024, to July 30, 2029. ...Less

"About 80% of Wipro's revenue decline over 2QFY23-3QFY24 has come from BFSI alone. A return to growth in ...More

"About 80% of Wipro's revenue decline over 2QFY23-3QFY24 has come from BFSI alone. A return to growth in BFSI should therefore help stem the erosion," said JM Financial's Abhishek Kumar. ...Less

Shares of Wipro are likely to be in focus as January 28 is the record date for determining eligibility fo ...More

Shares of Wipro are likely to be in focus as January 28 is the record date for determining eligibility for a Rs 6 per share interim dividend. This is Wipro's first dividend payout in the last year, with the dividend payment expected by February 15, 2025. ...Less

Wipro Q3 Results: Wipro reported disappointing Q3 results, with a decline in net profit and revenue. The ...More

Wipro Q3 Results: Wipro reported disappointing Q3 results, with a decline in net profit and revenue. The company's consolidated net profit decreased by nearly 12% YoY to Rs 2,694 crore, while the consolidated revenue dropped 4.4% to Rs 22,205 crore. The board recommended an interim dividend of Re 1 per share. For the nine months ended December, Wipro's consolidated revenue rose by only 0.4% to Rs 67,552 crore, while the net profit declined by nearly 1% to Rs 8,211 crore. Wipro expects revenue from its IT Services business to be in the range of $2.62 billion to $2.67 billion for the quarter ending March. ...Less

Operating margin for the quarter came in at 17.6 per cent, down 0.8 per cent QoQ. ...More

Operating margin for the quarter came in at 17.6 per cent, down 0.8 per cent QoQ. ...Less

Wipro Ltd reported earnings for the quarter ended December 31 on Monday which was largely in-line with an ...More

Wipro Ltd reported earnings for the quarter ended December 31 on Monday which was largely in-line with analyst expectations. ...Less

Wipro is expected to report a 12% YoY rise in Q3 PAT, but constant currency revenue may decline by 1% QoQ ...More

Wipro is expected to report a 12% YoY rise in Q3 PAT, but constant currency revenue may decline by 1% QoQ due to softness in communications and manufacturing, and furlough impacts. Analysts project a revenue growth guidance of -1% to +1% CC QoQ for Q4 FY25. ...Less

Wipro shares: Wipro's shares declined despite a 26% year-over-year increase in net profit, which surpasse ...More

Wipro shares: Wipro's shares declined despite a 26% year-over-year increase in net profit, which surpassed estimates. Revenue saw a slight rise, but IT services revenue dipped, leading to cautious analyst outlooks. Nuvama and Choice Broking downgraded the stock due to weak guidance and macro uncertainties, impacting growth visibility and margin pressures. ...Less

Apart from these, companies such as JSW Infrastructure, Poonawalla Fincorp, Central Bank of India, JB Che ...More

Apart from these, companies such as JSW Infrastructure, Poonawalla Fincorp, Central Bank of India, JB Chemicals, Tata Technologies, Sobha, KPI Green will also report their quarterly numbers ...Less