Wipro Reports Significant Profit Growth Amidst Global Uncertainties

Wipro has announced a remarkable 25.9% year-on-year increase in consolidated net profit for the fourth quarter ending in March, achieving Rs 3,569.6 crore. Despite this achievement, the company projects a cautious outlook for the upcoming quarter, anticipating a potential 3.5% decline in IT services revenue for Q1FY26.

CEO Srini Pallia emphasized the strong demand for technological innovation but noted client hesitancy due to macroeconomic challenges. "Our focus remains on partnering closely with clients to navigate these uncertainties," Pallia stated.

Financial Highlights and Future Projections

The company's revenue for Q4FY25 reached Rs 22,504.2 crore, marking a slight 1.33% increase from the previous year. Earnings per share (EPS) also saw a 25.8% rise, amounting to Rs 3.4 (USD 0.04). However, Wipro forecasts a challenging Q1FY26, with IT services revenue expected between $2,505 million and $2,557 million, indicating a sequential decline.

Strategic Moves and Workforce Growth

Despite the cautious forecast, Wipro has secured two large deals and expanded its top accounts, showcasing its strategic focus on growth. The company's workforce has slightly increased to 2,33,346 employees, with the hiring target for FY25 being met by recruiting around 10,000 new employees.

CFO Aparna Iyer highlighted the company's operational efficiency, ensuring margin expansion even in a softening revenue environment. Wipro also declared an interim dividend of Rs 6, marking it as the final dividend for FY25.