Wipro share price soars 8% as Street cheers firm's Q3 results; check a quick summary

Wipro on Friday reported a 24.4% year-on-year rise in its consolidated net profit for the quarter under review at about ₹3,354 crore.

The Bengaluru-based tech major saw its revenue from operations inch up by 0.5% to about ₹22,319 crore.

For the coming March quarter, Wipro sees revenue from its IT services business in the range of ₹2,602 million to ₹2,655 million, which translates into sequential guidance of a decline of 1% to 1% growth, according to a regulatory filing.

It has declared an interim dividend of ₹6 per equity share/ADS. Wipro's board has approved a revised capital allocation policy that increases the committed payout percentage to 70% or above in a block of three years.

The capital allocation policy has been revised to increase the payout percentage from 45-50% to 70% or above of the net income cumulatively on a block of three years, the company statement said.

Srini Pallia, CEO and Managing Director, said strong in-quarter execution helped the company deliver above the top end of revenue guidance in a seasonally weak quarter.

"We also achieved our highest margins in the past three years while continuing to invest in our people," Pallia said in the statement.

Aparna Iyer, Chief Financial Officer, said the company expanded margins for a fourth consecutive quarter, enabling it to achieve a previously stated target margin of 17.5%.

Wipro Q3 - Human Resources

Wipro said it expects freshers hiring to be between 10,000 and 12,000 for the next financial year.

Wipro also sought to downplay any concerns around changes being anticipated in the H-1B visa regime in the US, saying a significant portion of its employee base there are American locals.

Wipro's headcount was reduced by 1,157 in Q3FY25, reversing two-quarter of employee additions. The employee tally stood at 2,32,732 in Q3 FY25, as against 2,33,889 in Q2FY25, and 2,39,655 in Q3FY24.

Saurabh Govil, chief human resources officer of Wipro, said that the company has honoured all pending offers it had made.