SOURCE : NEW18 NEWS
Last Updated:January 17, 2025, 16:08 IST
Wipro Q3 Results: Company has announced an interim dividend of Rs 6 per share.
Wipro Q3 Results.
Wipro Ltd on Friday reported a rise of 4.5 per cent quarter-on-quarter in its net profit to Rs 3,354 crore. It is better than market estimates. The company’s revenue during October-December 2024 was flat at Rs 22,319 crore.
Wipro has also announced an interim dividend of Rs 6 per share, according to a regulatory filing on Friday.
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The company’s earnings per share for the quarter stood at Rs 3.21, an increase of 4.6 per cent QoQ and 24.4 per cent YoY.
“Voluntary attrition was at 15.3 per cent on a trailing 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, chief financial officer, said, “We expanded margins for a fourth consecutive quarter, enabling us to achieve our previously stated target margin of 17.5 per cent. Our EPS grew 24.4 per cent YoY and operating cash flow was at 146.5 per cent of net income. We are pleased to share that the board has approved our revised capital allocation policy that increases the committed payout percentage to 70 per cent or above in a block of 3 years. In addition, board has also declared an interim dividend of Rs 6 per share.”
