Wipro FY'08 net up 11 pc at Rs 3,283 cr; declares dividend

[Sukumar]

IT services provider Wipro Ltd announced a consolidated net profit of
Rs 3,282.9 crore on Friday for the year ended 31st March, 2008, a
11.57 per cent increase over last year.

The company had a consolidated net profit of Rs 2,942.3 crore for the
year ended 31st March, 2007, Wipro said in a filing to the Bombay
Stock Exchange.

The consolidated total income increased to Rs 20,397 crore for the
year ended 31st March, 2008 from Rs 15,271.4 crore in the year-ago
period.

The group posted a net profit of Rs 880 crore for the fourth quarter
ended 31st March, as compared to Rs 856.1 crore for the same quarter
last year.

Total income for the said quarter also rose to Rs 5,777.2 crore from
Rs 4,395.9 crore in the corresponding period last year.

Wipro declared a final dividend of Rs 4 per equity share on shares of
Rs 2 each (200 per cent).

On a standalone basis, the company reported a net profit of Rs 827.3
crore for the quarter ended March 31, 2008 as against Rs 818.4 crore
in the previous year.

Total income increased to Rs 5,368.1 crore for the quarter from Rs
3,874.4 crore in the corresponding quarter last year.

For the year ended 31st March, on a standalone basis the company
reported a net profit of Rs 3,063.3 crore and a total income of Rs
17,819.5 crore.

N.Sukumar
Research Analyst
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