{"id":835353,"date":"2024-07-20T10:55:39","date_gmt":"2024-07-20T05:25:39","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=835353"},"modified":"2024-07-20T10:55:39","modified_gmt":"2024-07-20T05:25:39","slug":"wipro-adrs-fall-nearly-12-on-q1-revenue-drop-even-as-pat-beats-estimates","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/20\/wipro-adrs-fall-nearly-12-on-q1-revenue-drop-even-as-pat-beats-estimates\/","title":{"rendered":"Wipro ADRs fall nearly 12% on Q1 revenue drop even as PAT beats estimates"},"content":{"rendered":"<p>Wipro&#8217;s American Depository Receipts (ADRs) fell nearly 12% on Friday to hit the day&#8217;s low of $6.08 on the New York Stock Exchange after the company reported a 4% decline in its June quarter revenue at Rs 21,964 crore over Rs 22,831 crore reported in the year-ago period. It was also below Street&#8217;s estimates of Rs 22,258 crore.<\/p>\n<p>The IT major reported a consolidated net profit of Rs 3,003 crore (attributable to the equity holders) for the quarter ended June 30, 2024, up by 4.6% over Rs 2,870 crore reported by the company in the year-ago period. Wipro&#8217;s PAT figure was above Street\u2019s estimates of Rs 2,993 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wipro&#8217;s American Depository Receipts (ADRs) fell nearly 12% on Friday to hit the day&#8217;s low of $6.08 on the New York Stock Exchange after the company reported a 4% decline in its June quarter revenue at Rs 21,964 crore over Rs 22,831 crore reported in the year-ago period. It was also below Street&#8217;s estimates of Rs 22,258 crore. The IT major reported a consolidated net profit of Rs 3,003 crore (attributable to the equity holders) for the quarter ended June 30, 2024, up by 4.6% over Rs 2,870 crore reported by the company in the year-ago period. Wipro&#8217;s PAT figure [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-835353","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/835353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=835353"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/835353\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=835353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=835353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=835353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}