As you read IT stock issuing a bonus share to its investors, this IT stock is engaged in software development for enhancing the capabilities in various sectors like technology, semiconductors, electronics, and railways. Recently, the company has announced quarter 2 FY 2025 results. The company has realized a significant increase in net profit.
About the company
Wipro Limited was founded on 29 Dec 1945. The company is a leading technology services and consulting company offering innovative solutions for complex digital transformation needs. With a focus on diverse capabilities and emerging technologies, Wipro helps clients in building sustainable and future-ready businesses worldwide.
The company generates 45% of its revenue from modern application services, 26% from cloud and infrastructure services, 15% from digital operations & platforms, 8% from industrial & engineering services, and the remaining 7% from data, analytics, and AI.
Wipro generates 61.41% of its revenue from the USA, 27.86% of its revenue from Europe, and the rest, 10.73%, from APMEA.
Price Action
This large-cap company has a market capitalization of Rs 3,04,874 crore. The share price of Wipro was trading at Rs 572.20 per equity share on 28 Nov 2024, down by 1.83% from the previous day’s closing of Rs 582.90 per equity share.
The 52-week low of this company was Rs 398, and the 52-week high was Rs 596 per equity share. The share price of Wipro is trading at near 52-week highs.
Q2 FY25 Result Updates
- Total sales reported in the July-Sep FY25 quarter are Rs 22,301 crore, and it grew by 1.54% QoQ and decreased by -0.95% YoY.
- Net profit reported Rs 3,208 crore in Q2 FY25, increased by 6.85% QoQ and increased 21.26% YoY.
- Operating profit reported Rs 4,503 crore in Q2 FY25, increased by 3.43% QoQ, and increased 13.36% YoY.
- EBITDA stands at Rs 4,308 crore in Quarter 2 FY25 as against Rs 3,424 crore in Quarter 2 FY24.
- EPS has increased to Rs 5.18 in Quarter 2 FY25 from Rs 3.93 in Quarter 2 FY24.
Financial
Wipro Limited has fundamentals like the following:
Market Capitalization – Rs 1,891 crore
P/E Ratio – 107.78
Industry P/E – 90.72
Debt-to-Equity Ratio: 0.92
Return on Equity – 21.76%
Dividend Yield – 0.11%
Shareholding Pattern
Wipro has a shareholding pattern as of 30 Sep, 2024:
Promoter holding is 72.80%, decreased by -0.13% YoY and decreased by -0.02% QoQ.
Foreign institutions have a 9.58% holding, increased by 0.68% YoY and increased 0.14% QoQ.
Domestic institutions have an 8.50% holding, increased by 0.6% YoY and increased 0.36% QoQ.
Retail participation is 4.00%, decreased by -1.02% YoY and decreased by -0.38% QoQ.
The total number of shareholders has decreased by -13.74% YoY to 22.37L from 23.69L.
Stock Performance
Wipro Limited has given more than 42% returns to its investors in the last year and more than 135% returns in the last five years. Wipro has given good returns to its investors, given below:
+4.57 percent return in the last 1 month
+22.84 percent returns in the last 6 months
+42.16 percent returns in the last 1 year
+47.19 percent returns in the last 2 years
+135.38 percent returns in the last 5 years
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Disclaimer: I am not a SEBI-registered investment adviser or research analyst. The information shared is only for educational purposes. This is not investment advice.