Annual Report 2016-2017 of Wipro Limited

It is a broadly described annual report of Wipro Limited in the year of 2016-2017. The Company’s income taxes decreased by Rs. 153 million from Rs. 25,366 million for the year ended 31^st March 2016 to Rs. 25,213 million for the year ended 31^st March 2017. During the financial year, The Company’s sales increased to Rs. 550,402 million for the current year as against Rs. 512,440 in the previous year, recording a growth of 7.41%. Net profits declined to Rs. 85,179 million for the current year as against Rs. 89,571 million in the previous year, recording a decline of 4.90%. During the year 2016-17, the Company allotted 1,87,275 equity shares and transferred 11,01,217 equity shares of Rs. 2/- each pursuant to exercise of stock options. The paid-up equity share capital of the Company as at 31^st March 2017 stood at Rs. 486,18,01,130/- consisting of 243,09,00,565 equity shares of Rs. 2/- each.

The Board of Directors did not recommend a final Dividend and therefore total Dividend for the year ended 31^st March 2017 will be Rs. 2/- per equity share of face value of Rs. 2/- each.

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