The Indian IT sector has experienced exponential growth, becoming a global leader in technology services and outsourcing. With a thriving ecosystem of companies like Tata Consultancy Services (TCS), Infosys, Wipro, and HCL Technologies, India remains at the forefront of innovation. The growth scope is vast, especially with the rise of technologies like Artificial Intelligence (AI), Machine Learning (ML), and Big Data.
These technologies are revolutionizing industries such as finance, healthcare, and e-commerce, enhancing automation, predictive analytics, and decision-making. Companies are increasingly adopting AI and ML to improve customer experiences, while Big Data enables businesses to leverage vast amounts of data for strategic insights. India’s IT sector continues to evolve, with a focus on advanced technologies, positioning itself as a global technology powerhouse.
Share Price
The shares of Wipro Limited are currently trading at Rs. 300.9 up by 6.72% from its previous close of Rs. 271.95. The shares also touched an intraday high of Rs. 305.4 as of January 20, 2025.
Q3 Results (YoY)
Wipro Ltd. has shown a positive year-on-year (YoY) performance for December 2024. The company’s sales grew slightly from INR 22,205 crore in December 2023 to INR 22,319 crore in December 2024. EBITDA also saw an increase, rising from INR 4,198 crore to INR 4,540 crore, reflecting strong operational efficiency.
The operating profit margin (OPM) improved from 19% in December 2023 to 20% in December 2024, indicating better cost control and profitability. Net profit rose significantly from INR 2,701 crore in December 2023 to INR 3,367 crore in December 2024, showcasing solid bottom-line growth. Overall, Wipro’s performance demonstrates a steady and positive trajectory in key financial metrics.
Revenue Guidance
Wipro, a major player in the IT sector, has provided revised revenue guidance for the fourth quarter of the financial year 2025, ending December 31, 2024, in the range of -1% to +1%. This marks an improvement, as both the upper and lower ends of the guidance have been raised compared to earlier projections. In contrast, for Q2FY25, the sequential guidance was more conservative, ranging from -2.0% to 0.0% in constant currency terms. This upward revision signals positive momentum in Wipro’s performance.
Management Commentary
Chief Financial Officer Aparna Iyer said the company sees good momentum in the American region and in the capital business. “We continue to see some of that play out, even into Q4. But there is also softness in Europe and APMEA (Asia Pacific, Middle East, and Africa), which is
also baked into this guidance. And we also have lower working days because of the holiday calendar that we announced,” Iyer said listing out the reasons for the said revenue guidance.
CEO Commentary
Srinivas Pallia added that the company is seeing discretionary spending getting better in the smaller to mid-sized deals. “I think that will continue, which could be across AI, data, and cloud because some of the clients want to completely move into cloud. Some of them are struggling with the data because enterprises, you don’t get the right data,” Pallia further said.
Deals
Total bookings stood at $3.51 billion, with large deal bookings of $961 million, lower than $3.56 billion and $1.49 billion in the last quarter, respectively.
Dividend
Wipro declared an interim dividend of Rs 6 per share and revised its capital allocation policy to commit at least 70 percent of net income as payouts over a three-year period.
Written By: Dipangshu Kundu
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