Wipro Share Price in Focus; Check Q3 Results Date, Dividend Update

Wipro’s share price saw a notable uptick on January 10, 2025, rising by 3.04% to ₹301.20, at 11:35 AM on the NSE. The stock opened at ₹294.30 and reached a high of ₹301.90, reflecting a positive market sentiment. With a previous close of ₹292.30, the stock managed to regain momentum, supported by a volume-weighted average price (VWAP) of ₹298.60.

Wipro Q3 Results Date And Time

Wipro Ltd has revealed that its board of directors will approve the Q3 FY25 results on the evening of January 17.

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.

Previously, Wipro declared an interim dividend of ₹1 each in January 2024 and January 2023, along with an interim dividend of ₹5 in April 2022.

Wipro Q2 Financial Performance

For the quarter ending September 2024, Wipro reported a 6.2% sequential rise in net profit to ₹3,227 crore, surpassing the consensus estimate of ₹3,009 crore.

In the previous quarter (June 2024), net profit stood at ₹3,037 crore. Revenue for Q2 FY25 grew by 1.5% quarter-on-quarter to ₹22,302 crore, exceeding analysts’ expectations.

As of the end of the September quarter, Wipro’s promoters held a 72.8% stake in the company.

According to news reports, Indian IT service providers are expected to show a year-on-year revenue growth for the December quarter of the current financial year.

About Wipro

Wipro Limited is a leading global IT services and consulting company, specialising in digital transformation, business process services, and emerging technologies. With a strong presence in India, Wipro helps clients adapt to the digital world through solutions in application development, cloud, analytics, and automation. The company leverages its expertise across various sectors to drive innovation and sustainable growth.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.