Wipro Q3 Results: Beats Estimates! Consolidated PAT Jumps 24.5% To Rs 3,353.8 Crore; Margin At 3-Yr High

Wipro Q3 Results: Azim Premji-backed tech company reported a consolidated net profit of Rs 3,353.8 crore in the third quarter of FY25, registering growth of 24.5% compared to PAT of Rs 2,694.2 crore in Q4 of the previous fiscal. The company beats estimates! On the top-line front, Wipro reported consolidated revenue from operations of Rs 22,318.8 crore which was marginally up on a quarter-on-quarter and year-on-year basis.

Wipro had posted a profit of Rs 3,014.4 crore in Q4FY24 and Rs 3,691.9 crore in Q2FY25. While its revenue stood at Rs 22,205.1 crore in Q4FY24 and at Rs 22,301.6 crore in Q2FY25.

In Q3FY25, the company's IT services segment revenue was at $2,629.1 million, however, down by 1.2% QoQ and 1.0% YoY. Meanwhile, non-GAAP constant currency IT Services segment revenue increased 0.1% QoQ and decreased 0.7% YoY.

Furthermore, the company's IT services operating margin5 for the quarter was at 17.5%, an increase of 0.7% QoQ and 1.5% YoY. Its margins reached to three-year high. Wipro's total bookings came in at $3,514 million. Large deal bookings4 was at $961 million, an increase of 6.0% YoY in constant currency in the quarter.

Srini Pallia, CEO and Managing Director, 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. We closed 17 large deals with a total value of $1B. We are advancing steadily and investing decisively to lead our clients in an AI-driven future."

Further, 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."

For the fourth quarter of FY25, which would be March 31, 2025 period, Wipro expects revenue of its IT Services business segment to be in the range of $2,602 million to $2,655 million. This translates to sequential guidance of (-)1.0 % to 1.0 % in constant currency terms.

Wipro's operating cash flows stood at Rs 49.3 billion ($576.4 million), an increase of 3.0% YoY and at 146.5% of Net Income for the quarter. Earnings per share for the quarter was at Rs 3.21 ($0.041), an increase of 4.6% QoQ and 24.4% YoY.

Wipro share price stood at Rs 281.85 apiece, down by 2.2% on BSE, with market cap of Rs 2,95,092.34 crore.