Wipro reports 24% rise in Q3 net profit

Wipro Ltd. on Friday reported a 24.5% year-on-year increase in its net profit of ₹3,353.8 crore in the third quarter of fiscal 2025. It posted revenue of ₹22,319 crore during the quarter, slightly up from the ₹22,205 crore logged in the corresponding quarter in the previous year.

For the fourth quarter, the tech firm expects revenue from IT services to be in the range of $2,602 million to $2,655 million.

Srini Pallia, CEO and MD, said “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.’‘

In Q3, the company closed 17 large deals worth $ 1 billion and was advancing steadily and investing decisively to lead its clients in an AI-driven future, he said.

The operating margin for the quarter was up by 70 basis points to 17.5% QoQ, highest in the last 12 quarters, driven by operational efficiencies and cost optimisation, Mr. Pallia claimed.

Aparna Iyer, Chief Financial Officer, said “We expanded margins for a fourth consecutive quarter, enabling us to achieve our previously stated target margin of 17.5%. Our EPS grew 24.4% YoY and operating cash flow was at 146.5% of net income.’‘

The board has approved a revised capital allocation policy that increases the committed payout percentage to 70% or above in a block of 3 years, in addition to declaring an interim dividend of ₹6 per share, she added.

The company further said, it has revised its capital allocation policy to increase the payout percentage from 45% - 50% to 70% or above of the net income cumulatively on a block of 3-year period.

Third quarter saw its voluntary attrition at 15.3% on a trailing 12-month basis, up from 14.2% a year ago.