Wipro Limited reported a 25.9% rise in net profit to Rs 3,569.6 crore and revenue to Rs 22,504.2 crore in the March 2024 quarter. Attrition rate stood at 15%. The company has given weak guidance for Q1 FY26. Deal bookings stood at $3.95 billion.
IT sector giant Wipro Limited has recorded excellent results in the March 2024 quarter. The company’s net profit increased by 25.9% year-on-year to Rs 3,569.6 crore. During this period, the company’s income also increased slightly to Rs 22,504.2 crore, which was Rs 22,208.3 crore a year ago.
In the last quarter i.e. December 2023, the company’s profit was Rs 3,354 crore. That is, there was a growth of 6.4% on a quarter-on-quarter basis. At the same time, in the entire financial year 2024-25, the company’s profit increased by 18.9% to Rs 13,140 crore.
Attrition also declined
Wipro’s voluntary attrition rate in the March quarter was 15%, which is slightly lower than the 15.3% of the previous quarter. This means fewer employees are leaving the company.
Weak guidance for Q1 FY26
Wipro said that earnings from its IT business may decline by 1.5% to 3.5% in the June 2025 quarter (Q1 FY26). The company expects revenue between $2,505 and $2,557 million in this quarter.
Strength in deal booking
Wipro’s total deal booking stood at $3.95 billion in the March quarter, up 13.4% from the previous quarter. Booking of large deals stood at $1.76 billion, up 48.5% year-on-year. For the full year, the company’s big deal booking stood at $5.4 billion.
Dividend and margin
Wipro had paid an interim dividend of Rs 6 per share, which has now been considered as the final dividend. The company’s operating margin increased by 110 basis points in Q4 and 90 basis points in the full year.
Strong cash flow and focus
The company’s operating cash flow was also excellent in Q4. FY25 saw a cash flow of around $2 billion, which is 128.2% of total profit. CEO Srini Palliya said that we won two big deals and showed growth with top clients. We are further strengthening our AI and consulting capabilities. Going forward, the focus will be on profitable growth while working closely with customers.
