Wipro Beats Estimates In Q1 With ₹33.3 Billion Profit, Declares ₹5 Dividend Per Share

Image Source : Moneycontrol

Wipro Ltd has reported a strong financial performance for the first quarter of FY25, surpassing analyst expectations on both revenue and profit. The company also announced an interim dividend of ₹5 per share, reinforcing its commitment to shareholder returns amid a cautious global IT spending environment.

Financial Highlights For Q1 FY25

- Consolidated revenue from operations stood at ₹221.35 billion, slightly above the IBES estimate of ₹220.59 billion
- Net profit rose to ₹33.3 billion, beating the consensus estimate of ₹32.55 billion
- Operating margin expanded to 16.5 percent, up 42 basis points year-on-year
- Earnings per share increased by 10 percent, supported by strong cash flow and margin discipline

Dividend And Shareholder Update

- Wipro’s board approved an interim dividend of ₹5 per equity share
- The record date for dividend eligibility is expected to be announced shortly, with payouts likely before mid-August
- The company maintains a healthy cash balance of USD 5.4 billion, enabling consistent capital returns

Strategic Developments And Outlook

- Large deal bookings crossed USD 1 billion, with total order wins at USD 3.3 billion
- Growth was led by BFSI, consumer, and Americas1 segments, while discretionary spending showed early signs of recovery
- Wipro revised its Q2 revenue guidance to a range of -1 percent to +1 percent in constant currency terms

Sources: Moneycontrol, Business Today, Economic Times, The Hindu BusinessLine, Wipro Investor Relations.