Wipro Ltd. Q3 FY2024 results: revenue ₹22,205 crore, down 4.4% on the year
Wipro Ltd. (WIPRO) reported consolidated revenue from operations of ₹22,205 crore for Q3 FY2024, the quarter ended 31 December 2023, down 4.4% on the same quarter a year earlier. Profit after tax was ₹2,701 crore, down 11.9% on the year, and earnings per share ₹5.16. The figures are the company's own, from the audited results it filed with NSE on 12 January 2024.
The quarter, against the one before and a year earlier
| Line | Q3 FY2024 | Q2 FY2024 | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 22,205 | 22,516 | n/a | n/a |
| Other income | 598 | 740 | n/a | n/a |
| Total income | 22,803 | 23,256 | n/a | n/a |
| Cost of materials consumed | 0 | 0 | n/a | n/a |
| Purchases of stock-in-trade | 145 | 58 | n/a | n/a |
| Changes in inventories | -62 | 92 | n/a | n/a |
| Employee benefit expense | 13,423 | 13,854 | n/a | n/a |
| Finance costs | 312 | 303 | n/a | n/a |
| Depreciation, depletion and amortisation | 932 | 897 | n/a | n/a |
| Other expenses | 4,499 | 4,540 | n/a | n/a |
| Total expenses | 19,250 | 19,744 | n/a | n/a |
| Profit before exceptional items and tax | 3,552 | 3,512 | n/a | n/a |
| Exceptional items | 0 | 0 | n/a | n/a |
| Profit before tax | 3,552 | 3,512 | n/a | n/a |
| Current tax | 896 | 929 | n/a | n/a |
| Deferred tax | -44 | -87 | n/a | n/a |
| Total tax | 852 | 842 | n/a | n/a |
| Profit after tax | 2,701 | 2,667 | n/a | n/a |
| Attributable to owners of the parent | 2,694 | 2,646 | n/a | n/a |
| Other comprehensive income | 319 | 165 | n/a | n/a |
| Total comprehensive income | 3,020 | 2,832 | n/a | n/a |
| EPS, basic | ₹5.16 | ₹5.06 | n/a | n/a |
| EPS, diluted | ₹5.15 | ₹5.04 | n/a | n/a |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 22,516 | 22,205 | 22,208 | 21,964 | 22,302 | 22,319 | 22,504 | 22,135 | 22,697 | 23,556 | 24,236 | 24,479 |
| Expenses | 19,744 | 19,250 | 18,979 | 18,667 | 18,986 | 18,870 | 18,979 | 18,948 | 19,378 | 20,430 | 20,426 | 21,123 |
| Operating profit | 3,973 | 4,199 | 4,401 | 4,354 | 4,503 | 4,540 | 4,624 | 4,233 | 4,372 | 4,296 | 4,909 | 4,633 |
| OPM % | 18% | 19% | 20% | 20% | 20% | 20% | 21% | 19% | 19% | 18% | 20% | 19% |
| Other income | 740 | 598 | 653 | 730 | 962 | 1,004 | 1,188 | 1,066 | 948 | 1,005 | 854 | 979 |
| Interest | 303 | 312 | 331 | 329 | 357 | 415 | 377 | 361 | 361 | 366 | 370 | 473 |
| Depreciation | 897 | 932 | 840 | 729 | 831 | 676 | 722 | 686 | 692 | 805 | 728 | 804 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3,512 | 3,552 | 3,882 | 4,026 | 4,278 | 4,453 | 4,714 | 4,253 | 4,267 | 4,131 | 4,665 | 4,335 |
| Tax % | 24% | 24% | 26% | 24% | 25% | 24% | 24% | 22% | 24% | 24% | 25% | 23% |
| Net profit | 2,667 | 2,701 | 2,858 | 3,037 | 3,227 | 3,367 | 3,588 | 3,336 | 3,262 | 3,145 | 3,522 | 3,356 |
| EPS in ₹ | ₹5.06 | ₹5.16 | ₹5.43 | ₹5.75 | ₹6.14 | ₹3.21 | ₹3.41 | ₹3.18 | ₹3.10 | ₹2.98 | ₹3.34 | ₹3.20 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Audited consolidated results for the quarter ended 31 December 2023, filed with NSE on 12 January 2024: the result statement. All of Wipro Ltd.'s results: NSE company page.
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