Wipro NSE on Tuesday posted a 3.40% year-on-year (YoY) fall in consolidated net profit at Rs 2,465.70 crore for the quarter ended September 30. It had reported a net profit of Rs 2,552.70 crore in the corresponding quarter last year. Consolidated revenue of the company declined marginally 0.07 per cent YoY to Rs 15,114.50 crore, over Rs 15,125.60 crore posted in Q2FY20. Meanwhile, Wipro’s board also approved a proposal to buyback shares worth up to Rs 9,500 crore to reward stakeholders. The IT firm will repurchase 23.75 crore shares at Rs 400 per share.
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