Wipro Q3 Results: Cons PAT jumps 24% YoY to Rs 3,354 crore; dividend declared at Rs 6 per share

January 17, 2025

, By The Economic Times

Wipro Q3 Results: Cons PAT jumps 24% YoY to Rs 3,354 crore; dividend declared at Rs 6 per share

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IT services company Wipro on Friday reported 24% growth in its consolidated net profit for the quarter ended December 31, 2024, to Rs 3,354 crore, while revenue from operations rose by a marginal 0.5% to Rs 22,319 crore.

The company’s board has declared an interim dividend of Rs 6 per share and fixed January 28 as the record date for the same. The dividend will be paid on or before February 15.

On a sequential basis, profit after tax (PAT) was up nearly 5% and the revenue increased just 0.1%.

During the quarter, IT services segment revenue grew 1% YoY to Rs $2.6 billion. The same fell by 1.2% QoQ.

“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,” said Srini Pallia, CEO and MD, Wipro.

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Wipro Q3 Results: Cons PAT jumps 24% YoY to Rs 3,354 crore; dividend declared at Rs 6 per share

January 17, 2025

, By The Economic Times

Wipro Q3 Results: Cons PAT jumps 24% YoY to Rs 3,354 crore; dividend declared at Rs 6 per share

IT services company Wipro on Friday reported 24% growth in its consolidated net profit for the quarter ended December 31, 2024, to Rs 3,354 crore, while revenue from operations rose by a marginal 0.5% to Rs 22,319 crore.

The company’s board has declared an interim dividend of Rs 6 per share and fixed January 28 as the record date for the same. The dividend will be paid on or before February 15.

On a sequential basis, profit after tax (PAT) was up nearly 5% and the revenue increased just 0.1%.

During the quarter, IT services segment revenue grew 1% YoY to Rs $2.6 billion. The same fell by 1.2% QoQ.

“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,” said Srini Pallia, CEO and MD, Wipro.

Discover the stories of your interest

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Aerospace startup Constelli raises $3m pre-series A

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