ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • MSME Summit
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Syrma SGS Technology IPO: Issue filled 37% on Day 1; should you subscribe? Anil Singhvi suggests this
  • Samsung Galaxy Z Fold 4, Galaxy Z Flip 4 price in India revealed - Pre-booking, offers and specifications
  • Har Ghar Tiranga campaign: Over 30 crore National Flags sold; CAIT says business worth Rs 500 crore generated
  • Atal Bihari Vajpayee death anniversary: Remembering the poet Prime Minister of India
  • From Rakesh Jhunjhunwala's portfolio: 5 Tata Group stocks that made him ace investor
Read in App
Business News » Companies News

Wipro shines more than Infosys, TCS in Q3FY19: Logs 31% rise in Q3 PAT to Rs 2,544 crore

Interestingly, Wipro's growth rate in PAT is better than what its peers have achieved during Q3FY19. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Wipro shines more than Infosys, TCS in Q3FY19: Logs 31% rise in Q3 PAT to Rs 2,544 crore
Representational Image: Photo: Reuters

Surprisingly, it is Prem Azimji's Wipro who has outshine in IT services December 2018 (Q3FY19) quarter in comparison to peers TCS and Infosys. Wipro in its Q3FY19 result, posted a consolidated net profit of Rs 2.544 crore rising by a massive 31.43% from Rs 1,935.9 crore a year ago same period. Similarly, Q3FY19 PAT of Wipro also witnessed a double-digit growth of 34.93% compared to PAT of Rs 1,885.6 crore in preceding quarter. Consolidated revenue came in at Rs 15,059.5 crore in Q3FY19, registering an increase of 10.17% as against Rs 13,669 crore in Q3FY18 and also up by 3.56% from Rs 14,541 crore in Q2FY19. 

Revenue was boosted due to stellar performance seen in BFSI segment, as Wipro recorded a 24.77% growth to Rs 4,597.9 crore in Q3FY19 compared to Rs 3,684.9 crore in Q3FY18.

For nine month period of FY19, Wipro's revenue stood at Rs 43,578.82 crore up by 7.02% from Rs 40,718.5 crore in the corresponding period of previous year. Also net profit was at Rs 6,525.1 crore in 9MFY19 higher by 9.63% from Rs 5,951.9 crore in 9MFY18.

On BSE, Wipro's share price finished at Rs 346.20 per piece up by Rs 9.80 or 2.91%. 

Interestingly, Wipro's growth rate in PAT is better than what its peers have achieved during Q3FY19. 

TCS recorded net profit of Rs 8,105 crore which was higher by 24.10% compared to the profit of Rs 6,531 crore witnessed in the same period a year ago. Q3FY19 was gradually up by 2.44% as against net profit of Rs 7,927 crore of Q2FY19.

On the other hand, Infosys posted a disappointing result with consolidated net profit declining by a massive 29.61% to Rs 3,610 crore compared to Rs 5,129 crore witnessed a year ago in the same period. Q3FY19 PAT was also down by 12.16% from Rs 4,110 crore registered in Q2FY19.
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Wiprowipro Q3FY19wipro Q3 resultsWipro share priceInfosysTCS
Written By: ZeeBiz WebTeam
Updated: Sun, Jan 20, 2019
07:10 am
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Stocks to buy today: Nykaa, Wipro, SBI, HPCL among list of 20 stocks for profitable trade on August 8 Stocks to buy today: Nykaa, Wipro, SBI, HPCL among list of 20 stocks for profitable trade on August 8
First time in two years! Radhakishan Damani surpasses Wipro founder Azim Premji in net portfolio worth in June 2022 quarter First time in two years! Radhakishan Damani surpasses Wipro founder Azim Premji in net portfolio worth in June 2022 quarter
Azim Premji portfolio: Ace investor makes fresh entry in this sugar stock during June quarter – what should you know? Azim Premji portfolio: Ace investor makes fresh entry in this sugar stock during June quarter – what should you know?
Stocks to buy today: Wipro, Inox Leisure, Indian Hotels and IndiGo among list of 20 stocks for profitable trade on July 28 Stocks to buy today: Wipro, Inox Leisure, Indian Hotels and IndiGo among list of 20 stocks for profitable trade on July 28
Stocks to buy with Anil Singhvi: Sanjiv Bhasin picks Wipro, Tata Motors, Navin Fluorine; Know price target Stocks to buy with Anil Singhvi: Sanjiv Bhasin picks Wipro, Tata Motors, Navin Fluorine; Know price target

LATEST NEWS

Stocks to buy today: Sun Pharma, Jai Corp, Max India and JSPL among list of 20 stocks for profitable trade on August 16

Market extends rally to 6th day amid easing of WPI inflation; Nifty above 17,800, Sensex gains around 400 points

Vivo V25 Pro 5G: launch date, price in India, specifications - All you need to know

Apple iPhone 14 launch date is September 6? Check latest release update, price, specifications and more

Atal Bihari Vajpayee death anniversary: President Droupadi Murmu, PM Modi pay tributes at Sadaiv Atal

DigiYatra app launched at Delhi's IGI Airport: Here’s how it will make check-in process easier

TNEA Counselling 2022: Check documents required, fee, start and last date for admission

Milk price today: Amul hikes rates again in these states; check how much more you will have to pay now

Volkswagen plans to launch electric vehicles under Skoda brand in India

Milk price hike: After Amul, Mother Dairy increases rates by Rs 2 per litre | Details

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV