Market News
2 min read | Updated on January 07, 2025, 13:43 IST
SUMMARY
After a board meeting, Wipro will announce its Q3 FY25 report card on the BSE and the National Stock Exchange (NSE) on January 17. The company is also likely to announce an interim dividend for its shareholders.
Stock list
Wipro is an information technology, consulting and business process services provider.
Wipro Q3 results: Information technology major Wipro Ltd will declare its financial results for the three-month period ending September 2024 on January 17.
In a regulatory filing, the IT firm said, "WIPRO LIMITED has informed the Exchange about Board Meeting to be held on 17-Jan-2025 to consider and approve the Quarterly Audited Financial results of the Company for the period ended December 2024 and Dividend."
Shares of Wipro Ltd are trading 0.27% lower at ₹293.50 apiece on the National Stock Exchange (NSE) at 1:10 pm.
The company's market capitalisation stands at ₹3,07,272.04 crore.
In the past month, the scrip has declined 1.89%, while it has gained 10.8% in the past three months. In the past year, it has climbed 28.31%.
In the second quarter of the financial year 2024-25, the company posted a consolidated revenue of ₹22,301.6 crore as compared to ₹22,515.9 crore revenue in the same period last financial year.
The profit after tax rose 21.25% to ₹3,208.8 crore in Q2 FY25 as against ₹2,646.3 crore net profit in the year-ago period.
Wipro's promoters hold a 72.8% stake in the IT giant at the end of the September quarter.
In the previous quarter, the company's Board approved a 1:1 bonus share issue.
Srini Pallia, CEO and Managing Director, said, "Based on strong execution in Q2, we met our expectations for revenue growth, bookings, and margins. We continued to expand our top accounts, large deal bookings surpassed $1 Bn once again, and Capco maintained its momentum for another consecutive quarter. We grew in three out of four markets, as well as, in BFSI, Consumer and Technology and Communications sectors. We will continue to invest in our clients, our strategic priorities, and building a strong AI-powered Wipro."
About The Author
Next Story