Wipro Q2FY25: Net profit jumps 21% YoY to Rs 3,209 cr
Mumbai: Wipro Ltd announced a 21% rise in net profit for the September quarter, reaching Rs 3,209 crore compared to Rs 2,646 crore in the same period last year, media reports said.
However, Wipro's consolidated revenue for the July-September quarter dipped by 1% year-on-year, coming in at Rs 22,302 crore, down from Rs 22,543 crore, reported Moneycontrol
The company reported total bookings of $3.56 billion for the quarter, with large deal bookings reaching $1.49 billion, representing a 28.8% increase quarter-on-quarter and 16.8% year-on-year in constant currency, the report said.
The company also declared a 1:1 bonus share issue.
According to the report, CEO and Managing Director Srini Pallia said, "We met our expectations for revenue growth, bookings, and margins through strong execution in Q2. Large deal bookings surpassed $1 billion again, and Capco maintained its momentum."
He further highlighted growth in three out of four markets, along with the BFSI, Consumer, and Technology & Communications sectors, emphasizing Wipro's continued investment in strategic priorities and AI-powered capabilities.
Wipro's IT services operating margin improved to 16.8%, up by 0.3% quarter-on-quarter and 0.7% year-on-year.
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