According to a regulatory filing, the board of directors of IT major Wipro has approved an interim dividend of Rs 5 per equity share for the current financial year.
The board has fixed April 6, 2022 as the “record date” for the purpose of ascertaining the eligibility of shareholders for payment of interim dividend, the filing said.
“The Board of Directors of Wipro Limited, in its meeting held on March 25, 2022, which concluded at 19:40 hrs IST, has considered an interim dividend of Rs 5 per equity share of par value of Rs 2 each for the financial year and Approved. 2021-22,” the company said in a filing to BSE on Friday.
It said the interim dividend would be paid on or before April 24, 2022.
Earlier in January, the board of the firm had declared an interim dividend of Re 1 per equity share of par value of Rs 2 each to the members of the company. The dividend payment was made up to February 5, 2022. With the new announcement, this will be Wipro’s second interim dividend this year.
In another filing on Friday, the company also said that it has given 12,453 restricted stock units under the ADS Restricted Stock Units Scheme 2004 to its identified employee. This grant is effective from 24 March 2022.
“These shall be vested in accordance with the vesting schedule approved by the Board’s Governance, Nominations and Compensation Committee and may be exercised during the exercise period approved by the Committee”.
Shares of Wipro on Friday closed at Rs 603.65 on the BSE, down 1.18 per cent from the previous close.
Wipro had posted a consolidated net profit of Rs 2,969 crore for the December 2021 quarter, which was almost flat compared to the year-ago period.
It has said that the demand environment remains “strong”.
The company’s revenue from operations grew by 29.6 per cent to Rs 20,313.6 crore in the quarter ended December 2020 from Rs 15,670 crore. Sequentially, it was higher by 3.2 percent.
Wipro, which derives a major part of its revenue from IT services, expects revenue from that business to be in the range of USD 2,692-2,745 million in the March 2022 quarter. This translates into a sequential growth of 2-4 per cent for the March quarter.
For the March 2022 quarter, the company expects revenue from IT services business to be in the range of USD 2,692 million to USD 2,745 million, which would translate into a sequential growth of 2-4 per cent.
“Wipro has delivered strong performance for the fifth consecutive quarter on both revenue and margins. Order booking has also been strong, and we have added seven new customers to the league in revenue exceeding USD 100 million over the past 12 months,” Thierry Delaporte, the company’s chief executive officer and director, said during the results announcements.
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