Wipro Ltd's Q3FY25 Quarter Results
- 22 Jan 2025
Result Summary
- Wipro Ltd reported a 0.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 2.3%.
- Its expenses for the quarter were down by 0.6% QoQ and 2.0% YoY.
- The net profit increased 4.3% QoQ and increased 24.7% YoY.
- The earnings per share (EPS) of Wipro Ltd stood at 3.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 23322.90 | 23263.50 | 22803.00 | 0.3% | 2.3% |
Total Expenses | 18870.10 | 18986.00 | 19250.50 | -0.6% | -2.0% |
Profit Before Tax | 4452.80 | 4277.50 | 3552.50 | 4.1% | 25.3% |
Tax | 1086.60 | 1051.20 | 851.50 | 3.4% | 27.6% |
Profit After Tax | 3366.70 | 3226.60 | 2700.60 | 4.3% | 24.7% |
Earnings Per Share | 3.20 | 6.10 | 5.20 | -47.5% | -38.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Wipro Ltd is a leading global information technology, consulting, and business process services company. It is known for its wide range of services spanning IT services, digital strategy, consulting, and product engineering. Wipro operates in various industries such as healthcare, banking, and retail, providing solutions that leverage emerging technologies like artificial intelligence, cloud computing, and cybersecurity. The company has a significant presence in both domestic and international markets and is positioned among the top IT service providers globally. Recent developments in the industry have seen increased digital transformation initiatives, which align with Wipro's strategic focus on innovation and client-centric solutions. However, specific recent developments about Wipro are not available in the provided data.
Revenue
Wipro Ltd's total income for Q3FY25 was reported at ₹23,322.90 crore, marking a slight quarter-over-quarter (QoQ) increase of 0.3% from ₹23,263.50 crore in Q2FY25. Year-over-year (YoY), there was a 2.3% growth compared to ₹22,803.00 crore in Q3FY24. This steady growth trajectory indicates a consistent performance in the company's revenue generation, reflecting its capacity to maintain and potentially expand its market share. The gradual increase in total income suggests stability in its core business operations, despite potential market fluctuations or competitive pressures.
Profitability
In terms of profitability, Wipro Ltd reported a profit before tax of ₹4,452.80 crore in Q3FY25. This represents a 4.1% QoQ increase from ₹4,277.50 crore in Q2FY25 and a significant 25.3% YoY increase from ₹3,552.50 crore in Q3FY24. The profit after tax also rose to ₹3,366.70 crore, up 4.3% QoQ and 24.7% YoY. The tax expense for the quarter was ₹1,086.60 crore, showing a 3.4% QoQ increase and a 27.6% YoY increase. Earnings per share (EPS) were reported at ₹3.20, which is a decrease of 47.5% QoQ and 38.5% YoY, indicating a divergence between profit growth and EPS, possibly due to changes in share count or other financial adjustments.
Operating Metrics
The financial data suggests Wipro Ltd managed its expenses effectively, with total expenses declining by 0.6% QoQ from ₹18,986.00 crore in Q2FY25 to ₹18,870.10 crore in Q3FY25, and experiencing a 2.0% YoY decrease from ₹19,250.50 crore in Q3FY24. This effective cost management contributed to improved profitability. While profit margins improved, the decrease in EPS despite increased profits could warrant further investigation into potential share dilution or other factors affecting shareholder returns. The company's operational efficiency is reflected in its ability to control expenses amidst revenue growth, which is crucial for sustaining long-term profitability. However, specific operational metrics such as P/E ratio, debt-to-equity ratio, and current ratio are not provided in the data.
