India’s fourth largest IT company Wipro Limited released the September quarter results of FY 25 (Wipro Q2 FY25 Results) on October 17. Wipro has made a net profit of RS 3,209 crore in the second quarter of the financial year 2024-25. There has been an increase of 21.3% on an annual basis. The tech company had made a profit of RS 2,646 crore in the same quarter a year ago.
The company generated revenue of RS 22,302 crore in the July-September quarter. It has decreased by 1% on an annual basis. In the same quarter a year ago, the company had generated revenue of RS 22,516 crore. The money that comes to the company from selling services is called revenue.
Wipro’s Bonus Shares Also Announced
IT company Wipro will also give 1 for 1 share pre i.e. 1:1 Bonus Share to its shareholders. Approval for this has been received from the Board of Directors. The record date will also be announced after getting approval from Sharehorse. Paid-up equity share capital after bonus issue The proceeds are expected to be approximately RS 20,925,943,128, which will include 10,462,971,564 equity shares of RS 2 each. However, the company said that within the next 2 months i.e. before December 15, 2024, the bonus shares will be credited to the investors’ accounts.
The Company Gave a Statement
- I am happy with the growth of every parameter of the company like revenue, bookings, operating margin, cash flow, and EPS.
- Based on operational improvements, we have expanded our margins by 35 basis points and have grown by 6.8% quarter-on-quarter.
- Our operating cash flow remained strong at 132.3% of net income in the second quarter.
- In a statement to the exchanges, the company said that Wipro’s consolidated revenue (Wipro revenue Q2FY25) stood at RS 22301.6 crore, which is a decline of 1.0% on an annual basis (YoY). In the same period last year (Q2FY24), the company’s revenue was RS 22515.9 crore.
- The company said that Wipro’s IT services segment revenue stood at $2,660.1 million, registering a growth of 1.3% on a quarter-on-quarter basis (QoQ) and a decline of 2.0% on a year-on-year basis (YoY).
Wipro’s Shares increased by 29% in One Year
Shares of Wipro (Thursday, October 17) closed at RS 528.70 after marginal decline of 0.65%. The company’s shares have fallen 4.20% in a month. Whereas, it has given returns of 18.98% in 6 months and 28.51% in one year. This year i.e. from January 1 till now it has given a return of 10.80%. The market cap of the company is RS 2.76 lakh crore.
Wipro CEO and Managing Director (MD) Thierry Delaporte said Resigned on 6 April. In place of Thierry Delaporte, the company has appointed Srinivas Palliya as the new CEO and MD of the company. Thierry Delaporte was with Wipro for the last four years. He wanted to follow his profession outside the workplace, so he resigned from the company. Thierry was brought in from French tech company Capgemini to lead Wipro four years ago.
