The earnings season for companies to report their financial updates for the October-December quarter of the ongoing fiscal has begun, with many firms sharing their profit and loss statements. Software major Wipro Ltd. has announced that its board of directors will approve the Q3 results on the evening of Jan. 17.

Wipro, with a market cap of around Rs 3,07,000 crore, is one of the key players in India’s Information Technology sector. Entrepreneur Azim Premji took over the operations of the Bengaluru-based company in 1977 following the demise of his father. He shifted the company’s focus to computer hardware and software and led its listing on the stock exchanges in 1995. Since its inception, Wipro has proved to be one of the leading software companies in India.

On Jan. 6, the Indian MNC informed the stock exchanges about its results schedule. Wipro is further expected to announce an interim dividend for its shareholders. Here is all you need to know about Wipro Q3 results.

Wipro Q3 Results Date And Time

In the stock exchange filing on Jan. 6, Wipro Ltd. said that its board of directors will meet between Jan. 16 and Jan. 17 to consider and approve the company’s financial results for the quarter ending Dec. 31, 2024.

“The financial results will be approved by the Board of Directors on the evening of Jan. 17, 2025,” the company said.

Wipro Interim Dividend

During the board meeting, the members will also consider any interim dividend for FY25. However, the date for the dividend has not been announced yet. 

Earlier, Wipro had announced an interim dividend of Rs 1 each in Jan. 2024 and Jan. 2023, as well as an interim dividend of Rs 5 in April 2022.

Wipro Share Price History

Over the past week, shares of Wipro Ltd. have fallen 1.87%. In the past month, the IT major has seen a 6.54% drop in its shares. In the last year, however, Wipro’s stock price has soared 21.25%.

Wipro Q2 Financial Performance

In the quarter that ended Sept. 2024, Wipro reported a 6.2% sequential increase in its net profit to Rs 3,227 crore, beating consensus estimates of analysts tracked by Bloomberg who pegged it at Rs 3,009 crore. In the June quarter, the net profit was recorded at Rs 3,037 crore.

The revenue during the second quarter of FY25 rose 1.5% to Rs 22,302 crore on a quarter-on-quarter basis, beating the analysts’ estimates of Rs 22,235 crore. 

The margins were flat at 16.5%, while Ebit was up 1.3% at Rs 3,672 crore.

. Read more on Earnings by NDTV Profit.During the board meeting, the members will also consider any interim dividend for FY25. However, the date for the dividend has not been announced yet.  Read MoreQuarterly Earnings 

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