IT giant Wipro announced on Thursday reported its quarterly results ending on September 31, 2024. The IT giant posted a 21% surge in its net profit to ₹ 3,209 crore, compared to ₹ 2,646 crore in the same period last year.

The consolidated revenue of Wipro dropped 1% YoY to ₹22,302 crore in Q2 FY25, from ₹22,543 crore in the corresponding period last year.

Shares of IT behemoth and the country's fourth-largest IT company, Wipro, surged nearly 4% today after the company's board of directors approved a 1:1 bonus issue. This also comes on the back of positive Q2 results declared by the company yesterday.

Wipro Q2 Results Live : Wipro declared its Q2 results on 17 October 2024, showcasing a mixed performance. The company reported a revenue decrease of 0.95% year-over-year (YoY), yet managed to achieve a significant profit increase of 21.26% YoY.

Wipro shares have delivered strong returns across various time frames. In the past month, the stock rose by 2.80%, while over six months, it surged 24.50%. Year-to-date, Wipro gained 17.38%, and in the last twelve months,

The Q3FY25 guidance was muted due to furloughs and softness in key regions, particularly in Europe. Sectors like manufacturing and energy remain soft, with signs of a potential revival but no immediate turnaround.

Wipro's consolidated net profit for Q2 FY25 rose by nearly 7 percent quarter-on-quarter to Rs 3,209 crore, surpassing Moneycontrol's estimate of Rs 3,011 crore. Revenue from operations increased by 1.5 percent QoQ to Rs 22,302 crore, beating Moneycontrol's forecast of Rs 22,219 crore.

IT major Wipro has recorded a 21 per cent profit rise, beating market estimates. While revenue and margins reported were largely in line with street estimates in Q2, the outlook for next quarter isn’t encouraging.

Wipro provided a weak revenue guidance for the third quarter, while managing to improve on its operating profit margins.

Wipro reported a 21.2 per cent rise in consolidated net profit to Rs 3,208.8 crore for Q2 FY25, while revenue slightly declined by 0.95 per cent to Rs

Wipro beats profit estimates, but outlook for next quarter is weak; focuses on AI, large deals, and bonus shares.