Tech

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

Published

12 months ago

January 17, 2025

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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.