The IT behemoth Wipro Ltd. recorded a 24.48% YoY increase in consolidated net profit for Q3 FY25, which came to ₹3,353.8 crore from ₹2,694.2 crore during the same period the previous year. Operating revenue increased by 0.51% year over year to ₹22,318.8 crore from ₹22,205.1 crore.
Even though the season is usually slow, Wipro’s income exceeded its projections. The company’s emphasis on excellent execution and its advancements toward an AI-driven future were emphasized by Srini Pallia, CEO and Managing Director. Our excellent in-quarter performance enabled us to surpass the upper end of our sales projection during a historically difficult quarter. We kept investing in our staff while achieving our greatest margins in three years. We closed $1 billion in 17 big agreements,” he said.
Wipro’s operating margin for IT services increased 1.5% year over year to 17.5%, its fourth consecutive quarter of margin growth. On a trailing 12-month basis, voluntary attrition decreased to 15.3%, indicating improved staff retention.
Additionally, the business declared an interim dividend of ₹6 per equity share. “Our operating cash flow was 146.5% of net income, and our EPS grew by 24.4% YoY,” said CFO Aparna Iyer. A new capital allocation policy with a payout percentage of 70% or higher over three years has been adopted by the board.
Wipro anticipates $2,602-$2,655 million in IT services revenue for Q4 FY25, which translates to a (-)1.0% to 1.0% sequential rise in constant currency terms.
In addition, Wipro replaced Raghuraman Ranganathan, who would move to another internal position, as head of internal audit on January 20, 2025, with Pavan N. Rao.
The quarterly figures, which were made public after market hours, came after Wipro’s shares fell 2.15%, closing Friday at ₹281.85.
