Jan 28 Marks Record Date For Wipro Interim Dividend

Wipro Ltd has set Jan 28, 2025, as the record date for its interim dividend for FY25. On January 17, 2025, Wipro declared an interim dividend of ₹6, which will be paid on Monday, February 15, 2025, to the equity shareholders of the Company, whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as of Friday, January 28, 2025.

Wipro Dividend Record Date: What This Means For Shareholders?

As Wipro has set the record date for the interim dividend, which means that Jan 28, marks the last to purchase Wipro shares to get eligible for the interim dividend. Further, any shares bought on Jan 28 (record date), won’t be eligible for the interim dividend.

Wipro Q3FY25 Results

Wipro’s Q3 FY25 results showed a mixed performance. Gross revenue stood at ₹223.2 billion ($2,608.9 million), reflecting a marginal growth of 0.1% QoQ and 0.5% YoY. However, the IT services segment reported a decline in revenue, totalling $2,629.1 million, down 1.2% QoQ and 1.0% YoY. On a constant currency basis, IT services revenue grew 0.1% QoQ but fell 0.7% YoY. Total bookings reached $3,514 million, with large deal bookings at $961 million, showing a 6.0% YoY increase in constant currency.

The IT services operating margin improved to 17.5%, marking a 0.7% QoQ and 1.5% YoY rise. Net income surged by 24.5% YoY to ₹33.5 billion ($392.0 million), and earnings per share increased 24.4% YoY to ₹3.21 ($0.04). Operating cash flows were robust at ₹49.3 billion ($576.4 million), up 3.0% YoY and 146.5% of net income. The company also reported a voluntary attrition rate of 15.3% on a trailing 12-month basis.

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