Wipro Jan-Mar Net Profit Rises 6.4% on quarter, Revenue Flat; Large Deal Wins Surge 48.5%

Wipro Ltd. reported a net profit of ₹35.69 billion for the March 2025 quarter, up 6.4% sequentially, despite largely flat revenue growth, as the company navigates ongoing global IT spending cuts.

Gross revenue rose marginally to ₹225.04 billion, while operating margin improved to 17.5%, expanding by 110 basis points year-on-year.

However, IT services revenue declined 1.2% sequentially to $2.6 billion, and was down 2.3% on year. In constant currency terms, the drop was 0.8% sequentially.

On the upside, total bookings jumped 13.4% to $3.96 billion sequentially, and large deal wins surged 48.5% to $1.76 billion on year. Operating cash flows remained strong at ₹3,7.46 billion, exceeding net income and accounting for over 104% of it.

Wipro also said its ₹6 per share interim dividend will now be treated as the final dividend for 2024-2025.

The results highlight Wipro’s strategy to stabilise its core business amid muted demand. A healthy deal pipeline and improved margins offer some resilience despite revenue headwinds.