Wednesday, December 28, 2011

WIPRO=RESULTS FOR = 2ND QUARTER ENDING SEP,2011 =


WIPRO

STAND ALONE RESULTS
FOR Q2 FY 2011-12 ENDING SEP,2011

Net Sales stands at Rs.7804.80 for the Q2 FY 12 – up by 6.75% from the previous qtr of Q1 FY12; - up by 8.73% from Q4 FY 11;- up by 17.84% from Q3 FY 11; and up by 19.03% from Q2 FY 11.

Total Expenditure stands at Rs.5432.10 cr – up by 9.39% from previous qtr; - up by 14.45% from Q4 FY 11; - up by 24.83% from Q3 FY 11; and up by 22.71% from Q2 FY 11

Operating Profit before Interest stands at Rs.1323.20 Cr – down by (-)3.16% from previous qtr – down by (-)5.56% from Q4 FY 11; up by 0.14% from Q3 FY 11; and up by 8.15% from Q2 FY 11.

OPT after Interest    stands at Rs.1093.40 cr – down by (-)15.08% from previous qtr ; down by (-)20.17% from Q4 FY 11; down by (-)15.29% from Q3 FY 11; down by (-)10.75% from Q2 FY 11. Interest expense has gone up very sizeably during the current qtr.

Profit  before tax stands at Rs.1300.10 Cr – down by (-)13.21%  from previous Qtr; down by (-)17.74% from Q4 FY 11; - down by (-)10.64% from Q3 FY11; down by (-)4.54% from Q2 FY 11

Net Profit  stands at Rs.1050.60 cr for Q2 FY 12 – down by (-)13.84% from previous qtr of Q1 FY12 –down by (-)21.46% from Q4 FY 11; down by (-)14.15% from Q3 FY 11; - down by (-)10.37% from Q2  FY 11.

Basic EPS for Q2 FY 12 stands at Rs.4.3 on a Face Value of Rs.2 – against Rs.5 in previous Qtr of Q1 FY 12; Rs.5.48 in Q4 FY 11; Rs.5.02 in Q3 FY 11; Rs.4.81 in Q2 FY 11. The annualized EPS will be upwards of Rs.18.6.

Current MP is Rs.397.55 – and the 52 week high price is Rs.496.80; and 52 week low price is Rs.310.50.The current PE Ratio works out to 21.37.

According to consolidated statements, the Basic EPS comes to Rs.5.28 for Q/e Sep,2010 against Rs.5.33 for Q/e Sep,2011.

ANNOUNCEMENTS  BY COMPANY

06-12-2011        Wipro Technologies Consolidates Structure for Business Operations

08-11-2011        Wipro Technologies wins engagement with UK based food retailer- Premier Foods

31-10-2011        standalone Results for the quarter ended on 30-SEP-2011 as follows: Net Sales of Rs. 780480 lacs for quarter ending on 30-SEP-2011 against Rs. 731130 lacs for the quarter ending on 30-JUN-2011. Net Profit / (Loss) of Rs. 105060 lacs for the quarter ending on 30-SEP-2011 against Rs. 121930 lacs for the quarter ending on 30-JUN-2011.

20-07-2011        Employees' State Insurance Corporation (ESIC) Portal resumes operations in full swing

20-07-2011        standalone Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 731130 lacs for quarter ending on 30-JUN-2011 against Rs. 717840 lacs for the quarter ending on 31-MAR-2011. Net Profit / (Loss) of Rs. 121930 lacs for the quarter ending on 30-JUN-2011 against Rs. 133760 lacs for the quarter ending on 31-MAR-2011.

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 Limited has informed the Exchange that pursuant to filing of eform 21 on February 28, 2011 and April 26, 2011 along with certified copies of orders of the High Court of Karnataka and High Court of Maharashtra with the respective Offices of the Registrar of Companies, 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        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        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.      

S/A RESULTS TABLE

WIPRO NC
30-Sep-11
30-Jun-11
31-Mar-11
31-Dec-10
30-Sep-10
Net Sales
780480
731130
717840
662340
655690
Increase in SIT / WIP
12420
-12610
-7910
-1910
8830
Raw Materials
23150
33170
36130
19930
28800
 Traded Goods
84410
95710
75740
71180
63430
Other Expenditure
423230
380310
370660
345950
341600
Total Expenditure
543210
496580
474620
435150
442660
Gross Profit
237270
234550
243220
227190
213030
General Admn Expenses
36750
34110
42310
40800
35420
Selling& Distrib.Expenses
49080
46400
43740
38840
41320
Depreciation
19120
17400
17060
15410
13940
OPT before Interest
132320
136640
140110
132140
122350
Interest
22980
7890
3140
3070
-160
OPT after Interest
109340
128750
136970
129070
122510
Other Income
20670
21040
21070
16420
13680
Profit  before tax
130010
149790
158040
145490
136190
Tax Expenses
24950
27860
24280
23120
18980
Net Profit
105060
121930
133760
122370
117210
Face Value(Rs.)
2
2
2
2
2
Paid-up Equity
49150
49110
49090
49070
49040
Basic EPS
4.3
5
5.48
5.02
4.81
Diluted EPS
4.29
4.97
5.46
5
4.8
Public holding (%)
19.13
19.08
19.03
19.01
18.96

 *  *  *  E  N  D  *  *  *

PRESS RELEASE SUMMARY

Results for the quarter ended September 30, 2011 under IFRS

Wipro Records 18% YoY Revenue Growth in the quarter

Highlights of the Results:

IT Services Revenue was $1,472 million, a sequential increase of 4.6% and YoY increase of 15.7%.
Non-GAAP constant currency revenue growth was 5.5% sequentially.
Total Revenues were Rs.90.94 billion ($1.85 billion1), an increase of 18% YoY.
Non-GAAP Adjusted Net Income was Rs.13.06 billion ($266 million1), an increase of 2% YoY. Net Income was Rs.13.01 billion ($265 million1), an increase of 1% YoY.
IT Services Revenues were Rs.68.29 billion ($1.39 billion1), an increase of 7% sequentially and 19% YoY.
IT Services Earnings Before Interest and Tax (EBIT) was Rs.13.64 billion ($278 million1), an increase of 7% YoY.
Our Operating Income to Revenue for IT Services was 20% for the quarter.

Suresh Senapaty, Executive Director & Chief Financial Officer of Wipro, said – “We are continuing to see incremental progress in our client mining strategy with 5 customers contributing more than $100 million of revenues and our top customer hitting a revenue run rate upwards of $200 million. We had an impact on operating margins in the quarter due to salary increases.”

Outlook for
the Quarter ending December 31, 2011

We expect Revenues from our IT Services business to be in the range of $1,500 million to $1,530 million*.

* Guidance is based on the following exchange rates: GBP/USD at 1.60, Euro/USD at 1.40, AUD/USD at 1.04, USD/INR at 46.42.

According to Condensed Consolidated Interim statements of Income,

Gross revenue for q/e Sep’2010 stands at Rs.7771.9 Cr against Rs.9007 Cr for q/e Sep,2011.

Cost of Revenue is Rs.5327 Cr for q/e Sep,2010 against Rs.6497.9 Cr for Q/e Sep,2011.

Profit is Rs.Rs.1299.7 Cr for q/e sep2010 against Rs.1299.9 Cr for q/e sep,2011.

Basic EPS comes to Rs.5.28 for Q/e Sep,2010 against Rs.5.33 for Q/e Sep,2011.

* * *  E N D  * * *

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