Wipro’s Q1FY25 Quarter Results
- 23 Jul 2024
- Wipro reported 0.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a decreased of 3.3%.
- Its expenses for the quarter were down by 1.6% QoQ and 5.1% YoY.
- The net profit grew 6.2% QoQ and 5.2% YoY.
- The earnings per share (EPS) of Wipro stood at 5.7 during Q1FY25.
Wipro’ Financial Statements for Q1FY25:
| (Rs crores) | Q1FY24 | Q4FY24 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 23,471 | 22,861 | 22,694 | -0.7% | -3.3% |
Total expenses | 19,674 | 18,979 | 18,667 | -1.6% | -5.1% |
Profit before tax | 3,798 | 3,862 | 4,022 | 4.1% | 5.9% |
Tax | 912 | 1,004 | 985 | -1.9% | 8.1% |
Profit after tax | 2,886 | 2,858 | 3,037 | 6.2% | 5.2% |
Earnings per share | 5.1 | 5.4 | 5.7 |
Financials:
- Gross Revenue: ₹219.6 billion, down 1.1% QoQ and 3.8% YoY.
- IT Services Revenue: $2,625.9 million, down 1.2% QoQ and 5.5% YoY.
- IT Services Operating Margin: 16.5%, up 0.1% QoQ and 0.4% YoY.
- Net Income: ₹30.0 billion, up 5.9% QoQ and 4.6% YoY.
- Earnings Per Share: ₹5.75, up 5.9% QoQ and 9.9% YoY.
- Operating Cash Flows: ₹40.0 billion, up 6.5% YoY, at 131.6% of Net Income.
- Voluntary Attrition: 14.1% on a trailing 12-month basis.
Outlook for the Quarter Ending September 30, 2024:
- IT Services Revenue: Expected to be in the range of $2,600 million to $2,652 million, translating to sequential guidance of (-1.0%) to +1.0% in constant currency terms.
Management commentary:
Srini Pallia, CEO and Managing Director, said, “We recorded another quarter of total large deal bookings over $1 bn, with our largest win in the recent years. Our top accounts continued to grow, accompanied by a growth in Americas1 SMU, BFSI and Consumer sectors. We are pleased with the momentum we have built in Q1 across industries and sectors and confident in our ability to execute better on bookings and profitable growth as we transition to Q2. While we continue to build on our ai360 strategy and preparing our workforce for an AI-first future.”
Aparna Iyer, Chief Financial Officer, said “We continued to expand our margins to 16.5% in Q1’25, this is a 42-bps improvement YoY. Our margin performance is also reflected in our EPS increase of 10% YoY. Our operating cash flows continue to be strong at 131.6% of our net income which takes our current investment and cash balance to $5.4 billion.”
Data Source: BSE, Company announcements
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