logo
Wipro Announces Interim Dividend Of Rs 5 Per Equity Share; Check Record Date

Wipro Announces Interim Dividend Of Rs 5 Per Equity Share; Check Record Date

News1817-07-2025
Wipro Dividend 2025 Record Date: Wipro Ltd announced an interim dividend for its shareholders alongside its Q1 FY26 results
Wipro Dividend 2025 Record Date: Wipro Ltd announced an interim dividend for its shareholders alongside its Q1 FY26 results on July 17, 2025.
The company's board has declared an interim dividend of Rs 6 per share, with July 28, 2025, set as the record date for determining the eligible shareholders. The dividend will be paid on or before August 15, 2025, as stated in the company's exchange filing.
'Payment of interim dividend of ~ 5 per equity share of par value ~ 2 each to the Members of the Company as on July 28, 2025, being the Record Date. The payment of Interim Dividend will be made on or before August 15, 2025," the company said.
Wipro Q1FY26 Results
IT services major reported a 9.87% year-on-year (YoY) increase in consolidated net profit at Rs 3,336.5 crore for the quarter ended June 30, 2025. This compares to a profit of Rs 3,036.6 crore in the same quarter last year, as per the company's regulatory filing.
Revenue from operations during the April–June 2025 period stood at Rs 22,134.6 crore, marking a modest growth of 0.78% from Rs 21,963.8 crore reported in Q1FY25.
Aparna Iyer, Chief Financial Officer, said: 'We expanded our operating margins by 80 basis points on YoY basis. Our cash flow conversion remained strong with operating cash flows being at 123% of our net income. The board also declared an interim dividend of Rs 5 per share. With this, the total cash returned to shareholders over the last 6 months is more than $1.3 billion."
On July 17, Wipro Ltd shares on NSE closed 1.5% lower at Rs 258.75 apiece.
view comments
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Canara Bank net profit up 21.6% to Rs 4,572cr in Q1
Canara Bank net profit up 21.6% to Rs 4,572cr in Q1

Time of India

time16 minutes ago

  • Time of India

Canara Bank net profit up 21.6% to Rs 4,572cr in Q1

Bengaluru: Canara Bank delivered a strong performance in the April-June quarter of FY 2025-26, with net profit rising 21.6% year-on-year to Rs 4,752 crore. This growth was driven by robust advances, higher fee-based income, and improved asset quality. The bank's global business grew 10.9% YoY to Rs 25.6 lakh crore. Global deposits increased 9.9% to Rs 14.6 lakh crore, while gross advances rose 12.4% to Rs 10.9 lakh crore. Retail credit saw significant growth of 33.9%, led by double-digit increases in both housing and vehicle loans. In an interview with TOI, Canara Bank MD & CEO K Satyanarayana Raju said the bank consistently exceeded its guidance across parameters for the last eight quarters. "We are on a steady upward trajectory. Even in a traditionally slow June quarter, we delivered 12.4% credit growth, led by RAM (Retail, Agriculture and MSME) sectors. We intend to maintain this momentum," he said. Raju credited the improved NPA performance to long-term investments in credit underwriting and technology. "This success is the result of sustained efforts over two years and three months, including overhauling underwriting processes, centralising loan approvals, and enhancing monitoring through data analytics. Slippages reduced from Rs 3,800 crore to Rs 2,100 crore per quarter," he added, noting that fresh corporate slippages are now "almost zero." You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru Canara Bank operates 9,861 branches and 7,907 ATMs across India and overseas, with international offices in London, New York, Dubai, and GIFT City. The bank continues to expand its physical presence. "Public sector banks, including ours, recognise the importance of branches for retail business sourcing and low-cost deposits. We have been opening over 250 branches annually for two years," Raju said. This year, the bank plans to open 260 new branches, bringing the total to over 10,000. "We use AI and data analytics to target high-potential semi-urban and rural areas," he explained. New branches are also planned in Ladakh, where the bank acquired land and is setting up a regional office. The bank is upgrading its ATM network by replacing old machines with cash recyclers to enable 24x7 cash deposits. "Our goal is 4,000 recyclers this year; 2,500 are already installed," Raju noted. While UPI usage has surpassed ATM transactions among younger customers, senior citizens and middle-aged users still prefer physical banking. "We are aligning our ATM upgrades with these behavioural shifts. Cash recyclers will also allow shopkeepers to deposit earnings after hours," he added.

State nod to new investment proposals to boost jobs, economic growth
State nod to new investment proposals to boost jobs, economic growth

Time of India

time16 minutes ago

  • Time of India

State nod to new investment proposals to boost jobs, economic growth

Bhubaneswar: State govt on Thursday approved 23 new investment proposals valued at Rs 4,982 crore, marking a significant milestone in the state's journey towards achieving its vision of Samrudha Odisha by 2036. The projects, approved during the 138th meeting of the State Level Single Window Clearance Authority (SLSWCA) chaired by chief secretary Manoj Ahuja, are expected to generate 11,933 jobs across 12 districts. The approved projects span multiple sectors, including textiles, steel, food processing, chemicals, pharmaceuticals, renewable energy, IT, tourism, and aerospace and defence. This diverse portfolio reflects the govt's commitment to balanced regional development under chief minister Mohan Charan Majhi's leadership, a govt statement reads. In the textile sector, KPR Mill Limited will invest Rs 350 crore in Khurda to establish a garment manufacturing unit with an annual capacity of 46.8 million pieces, creating 5,000 jobs. The steel sector will see major investments from Vidya Minerals Pvt Ltd (Rs 620 crore) and Jatia Steel Limited (Rs 451.90 crore) in Sundargarh and Jajpur, respectively. The tourism industry received a significant boost with six premium hospitality projects worth Rs 479 crore approved across Puri, Gajapati, Nayagarh, Kandhamal, and Ganjam districts, expected to create 1,352 jobs. In the renewable energy sector, Luminous Power Technologies will invest Rs 950 crore in Gopalpur for solar cell and PV module manufacturing, while Ecodynamix Green Energy will establish a 30 MW solar power plant in Bargarh with a Rs 100 crore investment. A noteworthy development is the approval of BonV Technology's Rs 300 crore Drone Park in Khurda, which will create an integrated UAV ecosystem and 760 jobs, positioning Odisha as a pioneer in drone technology. The agro-processing sector will see investments from Hindustan Aqua Pvt Ltd (Rs 320 crore) and Pragati Milk Products Pvt Ltd (Rs 114.34 crore), strengthening the state's food processing capabilities. "These approvals demonstrate Odisha's commitment to industrial growth and the state's ability to attract diverse investments. The projects will not only create substantial employment opportunities but also contribute significantly to the state's economic development," the statement reads. It said that the approved projects spanning a diverse range of sectors are expected to commence implementation within the next 12 to 24 months, further consolidating Odisha's position as an emerging investment destination in India.

Noida airport's expansion likely to hit 17k families, 4.6k of them to lose land
Noida airport's expansion likely to hit 17k families, 4.6k of them to lose land

Time of India

time32 minutes ago

  • Time of India

Noida airport's expansion likely to hit 17k families, 4.6k of them to lose land

Noida: The expansion of Noida International Airport is set to uproot more than 4,600 families and force the relocation of seven govt schools. A draft rehabilitation plan — released by the district administration on Wednesday — said more than 17,000 families were likely to be affected directly or indirectly by the acquisition of 1,857 hectares across 14 villages for the airport's third and fourth phases. According to a household survey conducted between May and June, most affected families are small-scale farmers or agricultural labourers, with 58% of them earning between Rs 50,000 and Rs 1 lakh annually. Only 4% earn more than Rs 5 lakh a year. The draft plan, prepared on the basis of the survey, said since a large part of the economy was dependent on farming and animal husbandry, the resettlement area should include the infrastructure like facilities for livestock. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida The district administration has earmarked 340 hectares near Jewar town — in Alavalpur, Mangaroli, Ahmedpur Chawroli, and Neemka Shahjahanpur — for rehabilitating the families, planning a new community with modern amenities. Plots ranging from 50 to 500sqm will be allocated to the villagers based on family size. Roads, drinking water, sewage systems, power connections, community halls, anganwadis, fair price shops, cremation grounds, and areas for cattle will form part of the new settlement, the plan specified. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Nvidia's AI Strategy Is Clear - But Is Wall Street Paying Attention? Seeking Alpha Read More Undo The draft also introduced gender parity by recognising unmarried adult daughters as eligible claimants. Like sons in the families, they will also receive separate plots and financial assistance. For the 17,945 affected families in total, the package is likely to include a monthly subsistence allowance of Rs 3,000 for a year, Rs 50,000 as transport compensation, and an additional Rs 50,000 for SC/ST families. There will also be provisions for skill training and job preference in airport-related services for one member from each family. Discontent, however, appears to be brewing among a section of villagers. Only 1% of households in Neemka Shahjahanpur, 20% in Khwajpur, and 50% in Thora participated in the survey that preceded the draft plan, seeking better compensation and water security. Apart from households, seven govt schools will have to be relocated from Banwariwas, Kishorepur, Ramner, Neemka Shahjahanpur, Khwajpur, Thora, and Jewar Bangar. According to the plan, land will be allotted to these schools at no cost at the new site, although no compensation will be given for the land currently occupied by them. The draft plan is awaiting approval from the state govt. "Once approved, we'll publish the final scheme and formally declare the resettlement area. The collector will determine land values and calculate the compensation, including a 100% solatium as mandated," said Bacchu Singh, ADM (land acquisition).Landowners, the draft said, will receive Rs 4,300 per sqm in compensation, 40% higher than the rate in previous phases. The expansion will significantly boost the airport's capacity, adding runways, cargo zones, and maintenance areas. "This is a project of national importance," Singh added. The project, which received aviation ministry clearance in 2017, aims to be the country's largest greenfield airport. While the first two phases covering 2,699 hectares are nearing completion, the expansion will require an additional 2,053 hectares.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store