IT major Wipro Ltd on Friday reported a 7% year-on-year decline in its consolidated net profit for the third quarter, with earnings coming in at ₹3,119 crore, impacted by margin pressures and a challenging global demand environment.
Despite the fall in profit, the company posted a rise in revenue, which grew around 6% year-on-year to ₹23,556 crore during the quarter under review, reflecting steady demand across select verticals and regions.
The company’s board of directors also declared an interim dividend of ₹6 per equity share, providing some relief to shareholders amid subdued profit growth. The record date for the dividend has been fixed, and the payout is expected to be completed in the coming weeks.
Wipro said it continued to focus on cost optimisation, operational efficiencies and strengthening its large deal pipeline as clients remain cautious on discretionary technology spending. While demand conditions showed signs of stability, management indicated that near-term growth could remain muted due to macroeconomic uncertainties.
For the upcoming quarter, the company guided for flat to marginal revenue growth, highlighting ongoing caution among global clients, especially in key markets such as North America and Europe.
Shares of Wipro were trading mixed following the earnings announcement as investors weighed the revenue growth and dividend declaration against the decline in profitability.
IT major Wipro Ltd ne Friday ko apne Q3 results announce kiye, jisme company ka consolidated net profit 7% year-on-year girkar ₹3,119 crore raha. Profit mein yeh girawat mainly margin pressure aur global demand environment ke challenging hone ki wajah se dekhi gayi.
Quarter ke dauraan, company ka revenue around 6% YoY badhkar ₹23,556 crore raha, jo kuch key verticals aur markets mein stable demand ko reflect karta hai.
Wipro ke board of directors ne shareholders ke liye ₹6 per equity share ka interim dividend declare kiya hai. Dividend ka record date fix kiya ja chuka hai aur payout agle kuch hafton mein complete hone ki ummeed hai.
Company ne kaha ki woh cost optimisation, operational efficiency aur large deal pipeline ko strengthen karne par focus kar rahi hai, kyunki global clients abhi bhi discretionary IT spending par cautious approach apna rahe hain.
Aage ke quarters ke liye, Wipro ne flat to marginal revenue growth ka guidance diya hai, jo global macroeconomic uncertainties aur key markets jaise North America aur Europe mein demand softness ko highlight karta hai.
Earnings ke baad Wipro ke shares mixed trade karte hue dekhe gaye, jahan investors ne revenue growth aur dividend announcement ko profit decline ke saath weigh kiya.