Wipro’s Net profit surges 15% in Q4; declares dividend of Rs 4 per share

Wipro’s Net profit surges 15% in Q4; declares dividend of Rs 4 per shareThe country's third largest technology firm Wipro Technologies today declared its annual and fourth quarter results.

The company has reported a 14.77 per cent rise in consolidated net profit to Rs 1,010 crore for the fourth quarter ended March 31, 2009, against Rs 880 crore in the same quarter of FY'08.

The total income surged 13.55 per cent to Rs 6,583.20 crore in the March quarter, from Rs 5,797.40 crore in the same period last fiscal.

For fiscal FY09, the company posted 18.79 per cent growth rate in consolidated net profit at Rs 3,899.90 crore. The company had registered a net profit of Rs 3,282.90 crore in FY'08.

Further, the company's total income for the fiscal year also grew 27.87 per cent to Rs 26,108.10 crore over the last year.

The board has declared a dividend of Rs 4 a share, on shares of face value of Rs 2 each for the financial year ended March 2009.

Shares of Wipro jumped 7.54 per cent to touch a high of Rs 294.95 crore on the BSE. It was later trading at Rs 289.20, up 5.45 per cent.

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