Wipro Ltd reported Q3 revenue of 223.2 billion rupees, missing analyst estimate. EPS beat estimate. IT services revenue declined, margins reached 12-quarter high.

Wipro Q3 Results: Information Technology (IT) services major, Wipro Ltd on Friday reported an 24.5% year-on-year rise in its consolidated net profit (attributable to shareholders of the company) for the fiscal's third quarter ended December (Q3FY25) to ₹ 3,353.8 crore. The company had reported a profit of ₹ 2,694.2 crore in the year-ago period.

Results: The board has announced an interim dividend of ₹6 per share, with January 28 set as the record date. Payment will be made on or before February 15. On a sequential basis, profit after tax (PAT) was up nearly 5% and the revenue increased just 0.

Bengaluru-based IT services major Wipro posted a net profit of Rs 3,350 crore for the third quarter of FY25, up 24.5 per cent from a year ago. Profit was up 4.5 per cent quarter-on-quarter (Q-o-Q).

Wipro CEO and Managing Director Srinivas Pallia said clients are cautiously optimistic, and added that discretionary spending is slowly returning.

Wipro reported a strong Q3 FY25, exceeding expectations with a 24.4% rise in net profit. The IT services company sees cautious optimism and returning discretionary spending in 2025.

Wipro, India's fourth-largest IT services company, reported higher-than-expected third-quarter revenue on Friday, helped by positive momentum in its banking, financial services, and insurance (BFSI) vertical and in the Americas geography.

Wipro Ltd's Q3 net profit rose about 4.5 percent quarter-on-quarter to Rs 3,354 crore, beating Street estimates. Revenue was flat at Rs 22,319 crore for the fiscal third quarter. A Moneycontrol poll of nine brokerages estimated Wipro's Q3 consolidated net profit to shrink 5 percent quarter-on-quarter to Rs 3,