Wipro Ltd, India's top IT company, posted a 6.4% quarter-on-quarter growth in net profit in the fourth quarter of the fiscal year ended March 31, 2025, taking the amount to ₹3,569.6 crore. Year on year, this represents a big 25.9% jump in profit.
The organization posted gross revenues of ₹22,500 crore (about $2,634.2 million) during January–March, a modest growth of 0.8% over the previous quarter and an increase of 1.3% year on year.
The operating margin in Q4 of Wipro was 17.5%, 1.1 percentage points up from the comparable period last year.
Revenue in the IT services business came at $2,596.5 million, a 1.2% decline from the last quarter and 2.3% decrease year-on-year.
Notwithstanding the decline in revenue from IT services, Wipro's overall bookings rose a strong 13.4% quarter-on-quarter in constant currency, coming in at $3.96 billion. Big deal bookings were a significant contributor, rising a whopping 48.5% year-on-year to $1.76 billion.
The IT services segment also kept its operating margin steady at 17.5%—level with the last quarter and higher by 1.1 percentage points over last year.
The earnings per share of the company for the quarter were ₹3.4, representing a 6.2% quarter-on-quarter and 25.8% year-on-year growth. Operating cash flow for the quarter was ₹3,746.5 crore, equivalent to 104.4% of net income.
Wipro has announced that its interim dividend of ₹6 per share will be treated as the final dividend for FY25.
In the future, the company has provided guidance for the first quarter of FY26, with IT services revenue expected to be between $2,505 million and $2,557 million. This represents a sequential fall of 1.5% to 3.5% in constant currency terms.
Detailing the firm's vision for the forthcoming quarter (April to June), Wipro said: "We are guiding revenue from our IT Services business segment to be between $2,505 million to $2,557 million. This corresponds to sequential guidance of (-)3.5 per cent to (-)1.5 per cent in constant currency terms."
Wipro CEO and Managing Director Srini Pallia added about the results: "We ended FY25 with two mega deal wins, growth in large deal bookings, and expansion in our top accounts. We also continued to invest in global talent and in building our consulting and AI capabilities. As clients are cautious in the presence of macroeconomic uncertainty, we're committed to working closely with them while remaining committed to steady and profitable growth."
Chief Financial Officer Aparna Iyer added: "For Q4, operating margins have widened 110 basis points on a year-on-year basis, and for the entire financial year, margins widened by 90 basis points. Our emphasis on execution rigour has helped ensure that our margins have consistently widened even in the context of a softening revenue environment. Our effort will be to keep the margin in a narrow band over the next couple of quarters."
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