Wipro Q3 results: Net profit falls 12% to Rs 2,694 crore; Re 1/share interim dividend declared
Wipro Q3 results, Wipro Limited Faced a challenging quarter ending in December, which saw a 12% year-on-year decline in consolidated Net Profit to Rs 2,694 crore. Total consolidated revenue also saw a decline of 4.4% during the period to Rs 22,205 crore.
According to ET, both the bottom line and top line results were in line with expectations. The board announced Rs 1 per share interim dividend Regarding payment. sequential displayRevenue declined by 1.4%, while profit saw a modest increase of 1.8%.
Examining the nine months ending December, Wipro experienced a marginal 0.4% growth in consolidated revenue to Rs 67,552 crore. However, net profit declined by about 1% to Rs 8,211 crore. Looking at the fourth quarter, Wipro expects its information technology services Trade revenue will range between $2.62 billion and $2.67 billion. It means gradual increase stablecoin Terms between -1.5% and +0.5%. Market expectations were set for constant currency revenue growth of -1% to +1%.
In the December quarter, the IT services segment saw a 2.1% sequential decline in revenue to $2.66 billion. Wipro had earlier guided for a 3.5-1.5% sequential decline in IT services revenue for the same quarter.
During the seasonally slow December quarter, Wipro secured deals worth $3.8 billion, a marginal increase of 0.2% sequentially, with large deal bookings at slightly more than $900 million.
“In a seasonally soft quarter, deal booking momentum remained strong. “Our large deals have grown by 20% so far,” said Managing Director and CEO Thierry Delaporte. Order booking in our Capco business,” Delaporte added.
Despite revenue challenges and investments for growth, the company’s CFO Aparna C Iyer saw a 63 basis point improvement in margins on a year-on-year basis while maintaining 16% margins. This was attributed to strong execution across key metrics, reaffirming the company’s commitment to building a resilient and efficient organization.
In positive news, Wipro experienced a decline in attrition levels to a 10-quarter low in the three months ending December, with the voluntary attrition rate standing at 12.3% in the last 12 months. The total employee strength as of December 31 was 2,40,234, showing a reduction of 4,473 employees.
Analyzing segment-wise performance, Wipro faced the biggest decline in revenue in BFSI, manufacturing and communications during the last quarter. BFSI Experienced a 4.9% sequential decline, communications declined by 9.5% and manufacturing declined by 6.4%. The healthcare sector was the only sector that saw an increase in revenues, with a significant increase of 7.3%.
According to ET, both the bottom line and top line results were in line with expectations. The board announced Rs 1 per share interim dividend Regarding payment. sequential displayRevenue declined by 1.4%, while profit saw a modest increase of 1.8%.
Examining the nine months ending December, Wipro experienced a marginal 0.4% growth in consolidated revenue to Rs 67,552 crore. However, net profit declined by about 1% to Rs 8,211 crore. Looking at the fourth quarter, Wipro expects its information technology services Trade revenue will range between $2.62 billion and $2.67 billion. It means gradual increase stablecoin Terms between -1.5% and +0.5%. Market expectations were set for constant currency revenue growth of -1% to +1%.
In the December quarter, the IT services segment saw a 2.1% sequential decline in revenue to $2.66 billion. Wipro had earlier guided for a 3.5-1.5% sequential decline in IT services revenue for the same quarter.
During the seasonally slow December quarter, Wipro secured deals worth $3.8 billion, a marginal increase of 0.2% sequentially, with large deal bookings at slightly more than $900 million.
“In a seasonally soft quarter, deal booking momentum remained strong. “Our large deals have grown by 20% so far,” said Managing Director and CEO Thierry Delaporte. Order booking in our Capco business,” Delaporte added.
Despite revenue challenges and investments for growth, the company’s CFO Aparna C Iyer saw a 63 basis point improvement in margins on a year-on-year basis while maintaining 16% margins. This was attributed to strong execution across key metrics, reaffirming the company’s commitment to building a resilient and efficient organization.
In positive news, Wipro experienced a decline in attrition levels to a 10-quarter low in the three months ending December, with the voluntary attrition rate standing at 12.3% in the last 12 months. The total employee strength as of December 31 was 2,40,234, showing a reduction of 4,473 employees.
Analyzing segment-wise performance, Wipro faced the biggest decline in revenue in BFSI, manufacturing and communications during the last quarter. BFSI Experienced a 4.9% sequential decline, communications declined by 9.5% and manufacturing declined by 6.4%. The healthcare sector was the only sector that saw an increase in revenues, with a significant increase of 7.3%.
