Wipro reports 20 per cent jump in Q4 standalone net profit at Rs 2,303.5 crore, Azim Premji reappointed as Chairman

India’s Information technology major Wipro reported a 20 per cent jump on quarter-on quarter basis in its standalone net profit at Rs 2,303.5 crore for the March quarter of financial year 2016-17. 

The IT major had reported a net profit of Rs 1,918.50 crore for the corresponding quarter last year.  Consolidated net profit of the company jumped 7.19 per cent on quarter-on-quarter basis to Rs 2,267 crore for the quarter ended March 31, 2017. It had posted a consolidated net profit of Rs 2,114.80 crore in the sequential quarter ended December 31, 2016. 

For Jan-March period, the company reported a consolidated total income of Rs 15,033.80 crore, up 4.87 per cent, against Rs 14,336.40 crore in the same period last year. 

The board of the company also recommended a bonus shares in ratio 1:1 and reaapointed Azim Premji as company's chairman.