What To Expect? Know More Over Here
In Q3, The company had announced an interim dividend payout of ₹1 per equity share of par value t 21- each to the members of the company as on January 24, 2024, being the Record Date.
Wipro Q4 preview: After the AI boom and layoffs IT majors were impacted in the last 2 quarters worldwide. Though TCS reported better Q4 numbers than expectations, Infosys was not at par in Q4 24-25. Now another IT major Wipro is set to release its Q4 results today on April 19.
Wipro Q4 Results Expectations
According to Zee Business Research, companies consolidated revenue in rupee terms, will be flat at Rs 22,200 crore against Rs 22,205 crore reported in the third quarter of the previous year. Its revenue in US dollar terms is seen at Rs 266 crore, as compared to Rs 265.6 crore in Q3 FY24, up 0.2 per cent.
Consolidated EBIT, or earnings before interest and taxes, is expected to increase by 7.1 per cent QoQ to Rs 3,500 crore as compared to Rs 3,267 crore registered in the previous quarter. The consolidated margin is expected at 15.8 per cent from 14.7 per cent reported in the last quarter and margin is expected at 16.5 per cent as compared to 16 per cent in the December quarter.
Profit after tax (PAT) is expected to rise 5.8 per cent QoQ to Rs 2,850 crore from Rs 2,694 crore logged in the previous quarter.
Wipro CEO Thierry Delaporte Resign
The company is going to report its Q4 numbers after the resignation of its Chief Executive Officer (CEO) and managing director (MD) Thierry Delaporte. Srinivas Pallia will be Wipro’s new MD and CEO, as the company stated in a regulatory filing to the stock exchanges on April 6. Delaporte’s tenure as CEO was supposed to end in July 2025.
Wipro Q3 Results & Dividend History
Wipro, reported a 12% year-on-year decline in consolidated net profit to ₹2,694 crore in its Q3 results. Whereas the consolidated revenue saw a 4.4% decrease, was ₹22,205 crore.
The board had announced an interim dividend payout of ₹1 per equity share of par value t 21- each to the members of the company as on January 24, 2024, being the Record Date.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.)
