paragraph

(PTI) Wipro Ltd on Wednesday reported a 9.6 per cent drop in its net profit in the second quarter, on lower earnings from clients in non-US markets.

The company reported a net profit of ₹2,649.1 crore in July-September quarter, compared to ₹2,930.6 crore in the same period a year back, the company said in a statement.

Revenues rose to ₹22,539.7 crore in the quarter under review, from ₹19,667.4 crore a year-ago.

Wipro said earnings from its clients in non-US markets fell in the second quarter.

Earnings from Europe dropped to ₹787.5 crore, from ₹918.6 crore a year back.

Similarly, the Asia Pacific/Middle East/Africa (APMEA) region saw lower earnings of ₹219.4 crore, as compared to ₹302.8 crore last year.

Wipro reports 9% drop in second quarter profit

Consolidated net profit for the quarter ended Sept. 30 was 26.59 billion Indian rupees ($323.3 million), compared with 29.31 billion rupees a year ago.

Rupee ends at 82.31, U.S. inflation data next trigger

Saregama India has corrected 29% this year so far; JM Financial says time to buy it for long term

Amid Diwali season, Vedant Fashions set to grab a pie in the large untapped branded apparel market

Fine Organic has rallied 775% from the issue price; analysts say ‘hold’ the stock

Tracxn Technologies IPO ends today: Should you subscribe? 6 brokerages have these 2 views

Triveni Turbine stock has jumped 78% since June; brokerages say stock remains a good value buy

This penny stock turned ₹10k to ₹1.76 lakh in just 1 year

Tracxn Technologies IPO subscribed 54% on Day 2

17 stocks in the Nifty50 fell 20-45% from their 52-week highs; Wipro was the biggest laggard

Stock Check: JSW Infra jumps almost 100% from IPO price in 5 months; should you still buy?

Currently trading at around ₹236, the newly listed JSW Infra has surged almost 100 percent jump from its IPO price of ₹119 in less than 5 months. Technical and fundamental experts suggest if you should still buy the infra stock.

Axis Mobile App ranks top position on NPS leaderboard

According to a survey, Consumer awareness was most notable for payment platforms such as Paytm, Google Pay, and PhonePe. However, when it comes to Net Promoter Score, Axis Mobile App claims the top position with a score of 59, followed by ICICI Bank's iMobile Pay, and then BHIM.

Weekend Wrap: From Trent to Adani Power, top news and market movers this week: 27 October 2023

The stock market cycle is always a few months ahead of the economic cycle.

From top news makers to market performance, here's the market wrap for the week ended 27 October 2023.

Why rebalancing a portfolio provides a safety net against volatility?

Investing isn't a 'set it and forget it' game.

Rebalancing a portfolio provides a safety net by helping control volatility and minimizing the impact of market downturns, even though it may not always yield higher returns compared to an unbalanced, equity-heavy approach

Rebalancing of portfolio: What is it and why is this important?

Whenever the market spikes or declines, investors are supposed to rebalance their portfolio strategically in order to stay aligned to their financial goals

Wipro reports 9% drop in second quarter profit

Consolidated net profit for the quarter ended Sept. 30 was 26.59 billion Indian rupees ($323.3 million), compared with 29.31 billion rupees a year ago.

Topics to follow