Wipro posts higher than estimates Q3 net profit up 4.5% QoQ to ₹3,354 crore; Margins touch a 3-year high
Wipro Ltd&rsquo;s third-quarter earnings benefited from an increase in its IT business; it posted a consolidated net profit of ₹3,354 crore for the quarter ended December 31, 2024, which beat expectations. This is equivalent to a 4.5% QoQ up move in the net profit line which has left the forecast of analysts beaten with fear of a 5% decline. The company paid an interim dividend and revealed its best operating margin since the fourth quarter of the fiscal year 2018, as acquired radial operations and other steps aimed at cost control boosted its operating margin.
Key Financial Highlights
<ul>
<li style="text-align: justify;">Revenue: ₹22,319 crore, which has risen by 0.1% in sequence.</li>
<li style="text-align: justify;">Net Profit: Operating expenditure up by 4.5% QoQ Rs, 3,354 crore Operating expenditure.</li>
<li style="text-align: justify;">Operating Margin: Rising from 15.6% it was the highest recorded in the past three years.</li>
<li style="text-align: justify;">IT Services Revenue: The company generated $2.63 billion in the first quarter, a 1.2% fall from the fourth quarter of 2015 but a 0.1% QoQ increase in constant currency.</li>
<li style="text-align: justify;">Total Bookings: Preliminary deal bookings were $3.5 billion and the company accomplished large deal bookings of $961 million, an increase of 6% YoY.</li>
<li style="text-align: justify;">Operating Cash Flow: ₹4,931 crore, 146.5 times the net income.</li>
</ul>
Dividend and Capital Allocation
<ul>
<li style="text-align: justify;">Policy is not available here but for more information about this policy, the investor should refer to the relevant section of the annual report.</li>
<li style="text-align: justify;">Announced its interim dividend of ₹6 on every share of its stock.</li>
<li style="text-align: justify;">Increased capital distribution policy through payout minimum of 70% of the subsequent three years&rsquo; net profit on common stock.</li>
<li style="text-align: justify;">Measures that are important within an organization&rsquo;s employee data include; The rates at which employee turnover occurs.</li>
<li style="text-align: justify;">Voluntary Attrition: Decreased to 15.3 % aimed at describing the enhancement of employee turnover.</li>
<li style="text-align: justify;">Further workforce development applied to include funding for enhancing the employee skills and support for Innovation.</li>
</ul>
Important Business Activities and Successful Contracts
<ul>
<li style="text-align: justify;">Closed 17 strategic deals and have signed a contract with an aggregate value of $1 billion.</li>
<li style="text-align: justify;">Healthcare: Implemented artificial intelligence systems that elevated the performance and client experience in collaboration with a health insurer from the USA.</li>
<li style="text-align: justify;">Banking: Implemented new-generation digital platforms across the value chain of a large Indian private bank with a focus on core banking solutions.</li>
<li style="text-align: justify;">Media and Telecom: Implemented effective changes for operations enhancements. Bolted up its strategic operations in emerging markets.</li>
</ul>
Outlook for Q4 FY25
Wipro predicts that IT services revenue for the quarter of March 2025 to lie between $2,602 and $2,655 million, and hence a sequential movement of (-)1 % to 1% in constant currency.
Management Commentary
Srini Pallia, CEO and MD: Emphasized that Wipro was well placed for superior delivery, it was already delivering record-high margins and at the same time making higher investments in innovation.
Aparna Iyer, CFO: Again, pointed margin expansion for the fourth successive quarter, credible EPS growth and good cash flow.
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Wipro’s Q3 FY25 Net profit grows 4.5% QoQ to ₹3,354 Cr, tops estimates. Return on sales reached a 3-year high of 17.5% for operating margin.

Wipro Q3 Financial Year 2025 Results