Wipro Q3 Results: Net Profit Rises 4.5% QoQ To Rs 3,354 Crore, Beats Estimates; Rs 6 Dividend Declared

Last Updated: January 17, 2025, 16:08 IST

Wipro Q3 Results: Company has actually revealed an acting returns of Rs 6 per share.

Wipro Ltd on Friday reported a surge of 4.5 percent quarter-on-quarter in its web earnings to Rs 3,354 crore. It is far better than market quotes. The firm’s earnings throughout October-December 2024 was level at Rs 22,319 crore.

Wipro has actually likewise revealed an acting returns of Rs 6 per share, according to a regulative declaring on Friday.

The firm’s incomes per share for the quarter stood at Rs 3.21, a boost of 4.6 percent QoQ and 24.4 percent YoY.

“Voluntary attrition went to 15.3 percent on a tracking 12-month basis,” Wipro said in the filing. It is higher than the 14.5 per cent attrition rate reported in the preceding quarter (September 2024 quarter).

Wipro Q3 Results: FY25 Outlook

Wipro expects revenue from its IT services business segment to be in the range of $2,602 million to $2,655 million. This translates to sequential guidance of (-)1.0% to 1.0% in constant currency terms.

It is higher than September’s sequential guidance of (-) 2.0 per cent to 0.0 per cent in constant currency terms.

Wipro Q3 Results: What Management Says

Srini Pallia, CEO and managing director of Wipro, said, “In a seasonally weak quarter, our strong in quarter execution helped us deliver above the top end of our revenue guidance. We also achieved our highest margins in the past three years while continuing to invest in our people. We closed 17 large deals with a total value of $1B. We are advancing steadily and investing decisively to lead our clients in an AI-driven future.”

Aparna Iyer, primary monetary police officer, claimed, “We increased margins for a 4th successive quarter, allowing us to accomplish our formerly specified target margin of 17.5 percent. Our EPS expanded 24.4 percent YoY and operating capital went to 146.5 percent of take-home pay. We delight in to share that the board has actually accepted our modified funding appropriation plan that enhances the dedicated payment portion to 70 percent or over in a block of 3 years. In enhancement, board has actually likewise stated an acting returns of Rs 6 per share.”