Wipro Q3 net profit zooms 24.4% to ₹3,354 crore; firm tweaks capital allocation policy

Bengaluru-based IT services major Wipro reported a net profit of Rs 3,350 crore for the third quarter of FY25, marking a 24.5 per cent year-on-year (YoY) increase. On a quarter-on-quarter (QoQ) basis, profit rose by 4.5 per cent. Revenue for the quarter stood at Rs 22,320 crore, up 0.5 per cent from the same period last year. Sequentially, revenue growth remained flat at 0.1 per cent.

The company’s performance exceeded Bloomberg’s estimates, with revenue expected at Rs 22,221.4 crore and net profit anticipated to be Rs 3,059.7 crore.

The IT services segment revenue for Wipro was $2.62 billion, reflecting a 1 per cent year YoY growth and a 1.2 per cent increase QoQ.