
Wipro Ltd has declared an interim dividend of ₹6 per equity share for shareholders as of January 28, 2025, with payment scheduled by February 15, 2025. Alongside this announcement, the IT giant reported a robust 24.6% year-on-year increase in net profit for the third quarter, reflecting strong cost management and operational efficiency despite challenging market conditions.
Key Financial Highlights (₹ in Crores):
- Revenue from Operations: ₹22,318 crore
- QoQ: Slight decline of 0.2% (₹22,363 crore in Q2 FY25)
- YoY: Increase of 0.5% (₹22,205 crore in Q3 FY24)
- Total Income: ₹23,322 crore
- QoQ: Decline of 0.3% (₹23,364 crore in Q2 FY25)
- YoY: Growth of 2.3% (₹22,803 crore in Q3 FY24)
- Net Profit: ₹3,367 crore
- QoQ: Increase of 4.3% (₹3,226 crore in Q2 FY25)
- YoY: Surge of 24.6% (₹2,700 crore in Q3 FY24)
- EBITDA: ₹4,453 crore, reflecting a strong operational margin.
Expense Highlights:
- Total expenses for the quarter stood at ₹18,870 crore, a minor decrease of 0.6% from ₹18,986 crore in Q2 FY25.
- Employee benefits remained the largest cost component at ₹13,303 crore, reflecting stable management.
- Sub-contracting expenses accounted for ₹2,590 crore, showcasing a steady reliance on external expertise.