Wipro Q1 net profit up 0.5% at Rs 1015.5 cr

Wipro has announced its Q1FY10 numbers. Its consolidated net profit went up 11.78% at Rs 1015 crore as against Rs 908 crore, QoQ.

Its consolidated income increased 4.8% to Rs 6,289 crore versus Rs 6,001 crore.

(US GAAP)
The company's consolidated net sales declined to Rs 6,289.1 crore from Rs 6,482.1 crore (QoQ) and net profit went up a bit by 0.54% to Rs 1,015.5 crore from Rs 1,010 crore (QoQ).

Its Q1 (US GAAP) IT services revenue stood at $1,033 million, down 1.3% (QoQ).

IT services business added 26 new clients. US contributed 43% to revenues versus 45% and Europe contributed 20% to revenues versus 22% (QoQ).

Guidance
Wipro expects Q2 IT revenues at $1035-1053 million.Its guidance factored in dollar/rupee at 48.23 level.

Wipro CFO Says:
Q1 IT services margin at 22.3%

Particulars	Jun-09	Mar-09	Dec-08	Sep-08
Net Sales / Interest Earned / Operating Income	5287.9	5298.9	5397	5405
Other Income	95.5	97.7	137.2	146.6
Total Income	5383.4	5396.6	5534.2	5551.6
Interest	44.2	-129.7	-163.9	-99.1
Operating Expenses	-3935	-4129	-4362.4	-4322.3
Profit Before Depreciation and Tax	1492.6	1137.9	1007.9	1130.2
Depreciation	-136.4	-142.7	-135.1	-131.1
Profit before Tax	1356.2	995.2	872.8	999.1
Tax	-158.3	-153.1	-139.8	-146.6
Net Profit	1197.9	842.1	733	852.5
Equity Capital	293.1	293	292.7	292.6