Wipro Q1 results: Net profit jumps to Rs 3,243 crore in Q1FY22, up over 35% YoY

The company’s net profit in Q1FY22 has beaten analyst estimates, fuelled by higher profit and revenues. The company also expects a jump in revenue from IT services in the upcoming quarter.

IT services major Wipro reported a sharp jump in consolidated net profit in the first quarter of FY22. The company reported a net profit of Rs 3,242.6 crore in the first quarter of FY22, up over 35 per cent compared to the corresponding quarter last year. In Q1FY21, the company had posted a net profit of Rs 2,390.4 crore. On a sequential basis, the company’s net profit rose over 9 per cent. The company had posted a net profit of Rs 2972.3 crore in Q4FY21. Wipro's net profit in Q1FY22 has beaten analyst estimates, fuelled by higher profit and revenues.