Bengaluru, Jan. 15 -- Global software major Wipro on Tuesday posted a fall in its third quarter net profit, both year-on-year and sequentially, caused by a big drop in its interest income.
"Interest income has fallen quarter-on-quarter by a large quantum that has resulted in net profit dropping inspite of operating margin actually expanding," Wipro Chief Financial Officer Jatin Dalal told IANS here.
Wipro reported a consolidated net profit of Rs 2,463 crore in the October-December quarter of 2019-20, registering a 3.2 per cent decline annually from Rs 2,545 crore clocked in the same quarter a year ago.
Sequentially too, the city-based IT firm's net declined 3.8 per cent to Rs 2,463 crore, from Rs 2,561 crore a quarter ago.
Giving an ove...