Software services exporter Wipro on Tuesday reported a 3.4 per cent fall in its consolidated net profit for the second quarter (Q2) ended September 30. The Bengaluru-based company posted Rs 2,466 crore net profit in the period under consideration as against a profit of Rs 2,553 crore posted in the same period last year.
In a regulatory filing, the company also said it has approved a proposal to buyback up to 23,75,00,000 equity shares for an aggregate amount not exceeding Rs 9,500 crore, being 4.16% of the total paid-up equity share capital, at a price of Rs 400 per equity share.
On a quarterly basis, Wipro reported a 3.17 per cent rise in its net profit. It had posted a net profit of Rs 2,390 crore in the first quarter (Q1) ended June 30.
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