Wipro Limited
NSE Symbol WIPRO
WIPRO LTD has declared results for the 4th Q/E and year ending March,2011.
ANNUAL RESULTS (NON CONSOLIDATED)
Net sales / services for FY 11 is Rs.26340.70 Cr – up by 13.65% from FY 10; and up by 25.51% from FY 09.
Other Expenditure has gone up to Rs.13659 Cr – up by 25.25% from FY 10; and up by 25.31% from FY 09.
Gross Profit at Rs.8930.40 cr – is up by 7.84% from FY 10 and by 33.09% from FY 09.
OPT before Interest is Rs.5201 cr – up by 0.45% from FY 10 and up by 40.37% from FY 09.
Profit before tax is Rs.5705.50 cr – up by 0.29% from FY 10 and up by 60.81% from FY 09.
Net Profit is Rs.4843.70 cr – down by 1.11% from FY 10; and up by 62.88% from FY 09.
Paid-up Equity has increased to Rs.490.90 cr in FY 11 – from Rs.293.60 cr in FY 10
Basic EPS is Rs.19.88 in FY 11 on enhanced equity – against Rs.33.61 in FY 10 on lower equity and Rs.20.44 on lower equity in FY 09.
The increase in expenditure has neutralized the gains in Sales and services in FY 11 over FY 10.
Annual results table :
| FY11 NC | |||
| Net sales / services | 2,634,070.00 | 2,317,760.00 | 2,098,730.00 |
| Increase in SIT / WIP | -3,160.00 | -11,100.00 | 2,010.00 |
| Raw Materials | 108,570.00 | 98,920.00 | 173,600.00 |
| Traded goods | 269,720.00 | 311,280.00 | 162,060.00 |
| Other Expenditure | 1,365,900.00 | 1,090,550.00 | 1,090,040.00 |
| Gross Profit | 893,040.00 | 828,110.00 | 671,020.00 |
| General Admn Expenses | 150,370.00 | 114,130.00 | 108,840.00 |
| Selling and Dist.expenses | 162,560.00 | 138,270.00 | 138,300.00 |
| Depreciation | 60,010.00 | 57,960.00 | 53,370.00 |
| OPT before Interest | 520,100.00 | 517,750.00 | 370,510.00 |
| Interest | 13,600.00 | -8,260.00 | 64,130.00 |
| OPT after Int and EI | 506,500.00 | 526,010.00 | 306,380.00 |
| Other Income | 64,050.00 | 42,870.00 | 48,410.00 |
| Profit before tax | 570,550.00 | 568,880.00 | 354,790.00 |
| Tax Expense | 86,180.00 | 79,080.00 | 57,410.00 |
| Net Profit | 484,370.00 | 489,800.00 | 297,380.00 |
| Dividend (%) | 200 | - | - |
| Face Value (in Rs.) | 2 | 2 | 2 |
| Paid-up Equity | 49,090.00 | 29,360.00 | 29,300.00 |
| Reserves | 2,197,050.00 | 1,739,680.00 | - |
| Basic EPS (in Rs.) | 19.88 | 33.61 | 20.44 |
| Public Shareholding (%) | 19.03 | 18.83 | 19.06 |
Q 4 FY 2011 RESULTS COMPARISON
Net Sales in Q4 FY 11 is Rs.7178.40 cr – up by 8.38% from Q3; up by 9.48% from Q2; up by 20% from Q1; and up by 16.89% from q4 FY 10.
Total Expenditure in Q4 FY 11 is Rs.4746.20 cr- up by 9.07% from Q3; Up by 7.22% from Q2; up by 21.92% from Q1; and up by 18.63% from Q4 FY 10.
Gross Profit in Q4 FY 11 is Rs.2432.20 cr – up by 7.06% from Q3; Up by 14.17% from Q2; Up by 16.41% from Q1; and up BY 13.64% from Q4 FY 10.
Operating Profit before Interest is Rs.1401.10 cr for Q4 FY 11; up by 6.03% from Q3; Up by 14.52% from Q2; up by 11.68% from Q1; and up by 6.06% from Q4 FY 10.
Profit before tax is Rs.1580.40 cr – up by 8.63% from Q3; up by 16.04% from Q2; up by 20.83% from Q1; and up by 4.7% from Q4 FY 10.
Net Profit for Q4 FY 11 is Rs.1337.60cr – up by 9.31% from Q3; up by 14.12% from Q2; up by 20.5% from Q1; and up by 8.16% from Q4 FY 10.
Basic EPS on enhanced equity is Rs.5.48 in Q4; Rs.5.02 in Q3; Rs.4.81 in Q2; Rs.4.56 in Q1; and the same on lower equity in FU 10 was Rs.8.48 in Q4 FY 10.
QTRLY RESULTS TABLE :
| WIPRO | 31-Mar-11 | 31-Dec-10 | 30-Sep-10 | 30-Jun-10 | 31-Mar-10 |
| Net Sales | 717840 | 662340 | 655690 | 598220 | 614100 |
| Increase in SIT / WIP | -7910 | -1910 | 8830 | -2170 | -3650 |
| Raw Materials | 36130 | 19930 | 28800 | 23710 | 32430 |
| Traded Goods | 75740 | 71180 | 63430 | 66490 | 81780 |
| Other Expenditure | 370660 | 345950 | 341600 | 301250 | 289510 |
| Total Expenditure | 474620 | 435150 | 442660 | 389280 | 400070 |
| Gross Profit | 243220 | 227190 | 213030 | 208940 | 214030 |
| General Admn Expenses | 42310 | 40800 | 35420 | 31190 | 30080 |
| Selling and Dist. Expenses | 43740 | 38840 | 41320 | 38680 | 37820 |
| Depreciation3 | 17060 | 15410 | 13940 | 13610 | 14030 |
| Operating Profit before Interest1 | 140110 | 132140 | 122350 | 125460 | 132100 |
| Interest | 3140 | 3070 | -160 | 7550 | -6210 |
| Operating Profit after Int & EI | 136970 | 129070 | 122510 | 117910 | 138310 |
| Other Income | 21070 | 16420 | 13680 | 12880 | 12640 |
| Profit before tax | 158040 | 145490 | 136190 | 130790 | 150950 |
| Tax Expenses | 24280 | 23120 | 18980 | 19790 | 27280 |
| Net Profit | 133760 | 122370 | 117210 | 111000 | 123670 |
| Face Value (in Rs.) | 2 | 2 | 2 | 2 | 2 |
| Paid-up Equity | 49090 | 49070 | 49040 | 48990 | 29360 |
| Dividend (%) | - | - | - | - | 300 |
| Basic EPS | 5.48 | 5.02 | 4.81 | 4.56 | 8.48 |
| Diluted EPS | 5.46 | 5 | 4.8 | 4.56 | 8.43 |
| Public holding (%) | 19.03 | 19.01 | 18.96 | 18.9 | 18.83 |
ANNOUNCEMENTS TO NSE
01-06-2011 "Jammu and Kashmir Government Selects Wipro for Automating State Power Distribution Department".
25-05-2011 " Wipro Infrastructure Engineering signs agreement with CESA (EADS subsidiary) to set up Aerospace & Defence manufacturing."
11-05-2011 Wipro has entered into an Agreement to acquire majority stake of Brazil based hydraulics cylinder manufacturer R.K.M. EQUIPAMENTOS HIDRÁULICOS LTDA. Subject to customary closing conditions and regulatory approvals, the acquisition is expected to be completed by Q1 of FY 2011-12. The acquisition will be a part of Wipro's Infrastructure Engineering division. Wipro Infrastructure Engineering is a global leader in precision engineered hydraulic cylinders and components. It is a Tier-1 supplier to global Original Equipment Manufacturers (OEMs) of construction and earth moving machinery, material handling equipment, forestry equipment, heavy and medium commercial vehicles among other industries, across Asia and Europe. Further the Company has submitted a copy of press release dated May 11, 2011, titled" Wipro Infrastructure Engineering establishes manufacturing footprint in Brazil".
04-05-2011 "Rajasthan Government selects Wipro for State portal enablement."
27-04-2011 Wipro Yardley Consumer Care Private Limited, a subsidiary company of Wipro Limited, stands amalgamated with Wipro Limited. The merger comes into effect from the Appointed Date i.e. April 1, 2010.
27-04-2011 Wipro have recommended a final dividend of Rs. 4 per share (200% on an equity share of par value of Rs. 2 each) for the year ended March 31, 2011. The payment is subject to the approval of the shareholders in the ensuing Annual General Meeting of the Company.
27-04-2011 Wipro Limited standalone Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 2634070 lacs for year ending on 31-MAR-2011 against Rs. 2317760 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 484370 lacs for the year ending on 31-MAR-2011 against Rs. 489800 lacs for the year ending on 31-MAR-2010.
27-04-2011 Wipro standalone Results for the quarter ended on 31-MAR-2011 as follows: Net Sales of Rs. 717840 lacs for quarter ending on 31-MAR-2011 against Rs. 662340 lacs for the quarter ending on 31-DEC-2010. Net Profit / (Loss) of Rs. 133760 lacs for the quarter ending on 31-MAR-2011 against Rs. 122370 lacs for the quarter ending on 31-DEC-2010.
01-04-2011 " Wipro to Acquire SAIC's Global Oil and Gas Information Technology Services Business".
21-01-2011 " T K Kurien to lead Wipro's IT Business."
21-01-2011 Wipro approved declaration of interim dividend of Rs. 2 per equity share of par value Rs.2/- each to the members of the Company.
10-12-2010 "Wipro wins 5-year IT Outsourcing Contract from Vasan Eye Care".
07-12-2010 "Vodafone Essar signs Wipro to build and manage its fixed line telecom services business".
01-09-2010 "Central Bank of India and Wipro sign 5 year Strategic Partnership".
02-08-2010 " Home Ministry selects Wipro to develop core software for Crime and Criminal Tracking Network System (CCTNS)".
23-04-2010 Wipro have recommended a final dividend of (300%) at Rs. 6 per equity share of par value Rs. 2/- each.
WHAT COMPANY SAYS :
Ø CONSOLIDATED REVENUE for FY 11 was Rs.31,099 cr – up by 15% from FY 10.
Ø Profit before Interest and Tax for FY 11 was Rs.5,767 cr – up by 11% from FY 10.
Ø Profit after Tax for FY 11 is Rs.5,298 cr – up by 15% from FY 10.
Ø Growth in IT services Revenue was 16% and growth in its PBIT was 12%.
Ø Growth in IT Products was (3%) and growth in its PBIT was (9%)
Ø Growth in consumer care and Lighting was 21% with PBIT growing at 11%.
Ø But, for Q4 Growth was there in all segments.
Ø For Q/E June,2011 the company expects the Revenue from IT services Business to be in the range of $1,394 Mn to $1,422 Mn.
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