Home / Business / Wipro Q4 net up 21 pc, declares 2 bonus shares

Wipro Q4 net up 21 pc, declares 2 bonus shares

Mumbai: IT major Wipro reported 20.77 per cent growth in consolidated net profit at Rs 1,209 crore for the fourth quarter ended March, compared to the same period last year.

Net income from sales rose to Rs 6,982 crore for the quarter ended March 31, 2010, from Rs 6,451.4 crore in the same quarter previous fiscal, Wipro said in a filing to the Bombay Stock Exchange.

The company announced a bonus issue in 2:3 ratio, or 2 equity shares of face value of Rs 2 each for every 3 held. The proposal is subject to shareholders’ approval.

In addition, a dividend of Rs 6 per share on the face value of Rs 2 each to shareholders has also been announced.

“We have seen another strong quarter of broad based, volume led growth. We saw good recovery in our challenged verticals of technology and telecom.”

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