Wipro plunges over 8% on lower than estimate Q1 results; Find Out what brokerages say

Shares of Bengaluru-based IT firm, Wipro, the share price opened 7.5% lower on Monday following the company’s June quarter results, which were reported after market hours on Friday and missed expectations. The share price of Wipro fell by 8.22%, reaching an intra-day low of Rs 511.40 on the NSE.

Q1FY25 Performance

IT major Wipro reported a consolidated net profit of Rs 3,003 crore (attributable to equity holders) for the quarter ended June 30, 2024, marking a 4.6% increase from Rs 2,870 crore in the same period last year.