NEW DELHI: Wipro, a prominent IT company, on Thursday reported a 21.2 per cent increase in its consolidated net profit to Rs 3,208.8 crore for the second quarter of the fiscal year 2025, compared to Rs 2,646.3 crore in the same period last year.
However, the revenue from operations for the quarter under review experienced a slight decline of 0.95 percent, totaling Rs 22,301.6 crore, compared to Rs 22,515.9 crore in Q2 FY24.
Wipro’s CEO and Managing Director, Srini Pallia said, “Based on strong execution in Q2, we met our expectations for revenue growth, bookings, and margins. We continued to expand our top accounts, large deal bookings surpassed $1 Bn once again, and Capco maintained its momentum for another consecutive quarter.”
“We grew in three out of four markets, as well as, in BFSI, consumer, technology and communications sectors. We will continue to invest in our clients, our strategic priorities, and building a strong AI powered Wipro,” the CEO added.
Wipro’s board of directors has given the green light for a 1:1 bonus share issue, in which the company will allocate 1 equity share with a face value of Rs 2 for each fully paid-up equity share held by eligible shareholders, including ADS holders, as of the record date.
Earlier in the day, Wipro’s shares settled trading on the BSE at Rs 528.80 per share, marking a slight decline of 0.65 percent compared to the previous day’s closing price.
(With input from agencies)
