Mon Oct 14 03:38:24 UTC 2024: ## Wipro to Consider Bonus Share Issue as Q2 Results Loom
**BENGALURU:** IT giant Wipro is set to announce its second quarter financial results for FY25 on October 17. Ahead of this, the company revealed that its Board of Directors will be deliberating on a proposal for issuing bonus shares during a meeting scheduled for October 16-17.
The decision to issue bonus shares comes as Wipro prepares to unveil its Q2 performance. While analysts predict a marginal QoQ growth of -1% to +1% despite improvements in the US banking sector and Capco, the company’s Q1 results saw a 5.21% rise in consolidated net profit to ₹3,003 crore, while consolidated revenue dipped 3.7% to ₹21,964 crore.
The issuance of bonus shares, if approved, would be subject to the provisions of the Companies Act, 2013, and the Securities and Exchange Board of India regulations. This move could potentially boost shareholder value and investor sentiment.
First Piper 