Wipro Q3 Net Profit Zooms 24% to Rs 3,354 Cr: A Strong Showing

      
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Wipro Q3 Net Profit Zooms: Leading IT company Wipro has made a consolidated net profit of Rs 3354 crore in the December quarter of the current financial year. The profit of the IT company has increased by 24% on annual basis. At the same time, there has been a 4.5% increase in Wipro’s profit on quarterly basis. Wipro’s revenue increased by 0.5 % to Rs 22,319 crore.

Wipro Q3 Net Profit Zooms
Wipro Q3 Net Profit Zooms

Wipro Q3 Net Profit Zooms

The company reported in its financial results that profit after tax (PAT) increased by almost 5% and revenue increased by only 0.1%. After this result, Wipro’s share price will react in Monday’s market.

Wipro shares closed at Rs 281.85 on Friday with a decline of more than 2 per cent on BSE. The 52-Week high level of the company’s shares is Rs 319.95. Declaration of dividend of Rs 6 on every share.

The board of IT company Wipro has declared an interim dividend of Rs 6 on each share. The company has fixed the record date of interim dividend as 28 January 2025. The IT company will pay the dividend on or before February 15. Wipro’s operating margin has improved to 17.5%

Wipro Q3 Net Profit Zooms: Highest in Three Years

Which is the highest in three years. Wipro won 17 major deals during the December 2024 quarter, with a total contract value of $1 billion.The company has recently distributed bonus shares IT company Wipro has recently given the gift of bonus shares to its shareholders.

The company has given bonus shares in the ratio of 1:1. That is, the IT company has distributed 1 bonus share for every 1 share. The company had earlier given bonus shares in the ratio of 1:3 in March 2019. That is, the company distributed 1 bonus share for every 3 shares.

Wipro had also given bonus shares in the ratio of 1:1 in June 2017.At the current share price, Wipro Limited’s dividend yield is 0.35%. The dividend yield after adjustment for bonus/split is 0.18%.Wipro’s operating margins increased to 17.5% in the December quarter, which is its highest level in the last 3 years.

The company’s voluntary attrition rate also declined to 15.3% in the December quarter, which suggests that the company is succeeding in retaining its employees longer than before.

Company CEO said On Wipro Q3 Net Profit Zooms

Srini Palliya, CEO and MD, Wipro, said, “Our strong quarterly results in a seasonally weak quarter helped us exceed the upper end of our revenue guidance. We delivered our highest revenue in the last three years while continuing to invest in our people. Also achieved margin.Wipro won 17 mega deals during the December quarter with a total contract value of $1 billion. These include important contracts in industries like health care, financial services, media and telecom.

Shere Performance of Wipro

Shares of IT company Wipro have risen by about 17% in the last one year. Wipro shares were at Rs 241.15 on January 17, 2024. The company’s shares closed at Rs 281.85 on January 17, 2025. In the last one month, Wipro shares have seen a decline of about 9%. The 52 Week low level of the company’s shares is Rs 208.40.The market cap of the company is Rs 2.95 lakh crore.

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