Wipro Q2 Results FY25 reported 21.3% year-on-year growth in the consolidated net profit. On the Wipro Q2 results date which was October 17, 2024, the Wipro share price closed at ₹528.75. On October 18, 2024, Wipro share price closed at ₹548.65. So, let’s get into the details of the leading IT company’s Q2 FY25 revenue, bonus issue, and outlook for the future.
Key Highlights of the Wipro Q2 Results FY25
Wipro share price has positively reacted to the Q2 results by delivering the returns of 3.77% in the last 1 day (as on October 18, 2024). Here are the key highlights of the Wipro Q2 quarterly results and its YoY growth:
- Net Income at $383.1 million, up 21.3% YoY and 6.8% QoQ
- Gross revenue at $2,662.6 million, down 1% YoY and up 1.5% QoQ
- IT Services segment revenue at $2,660.1 million, down 2% YoY and up 1.3% QoQ
- IT Services Operating Margin at 16.8%, up 0.7% YoY and 0.3% QoQ
- Total Bookings at $3,561 million, down 5.9% YoY
- Large deal bookings at $1,489 million, up 16.8% YoY and 28.8% QoQ
- Earnings Per Share at ₹6.14, up 21.3% YoY and 6.8% QoQ
- Operating cash flows at $509.7 million, up 10.5% YoY
- Total Headcount of 2,33,889 employees, TTM (Trailing-twelve months) Voluntary Attrition Rate at 14.5%
Wipro Q2 Results: Bonus Issue
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In the Wipro Q2 quarterly results FY25, the company announced a bonus issue share of 1:1 ratio. The shareholders who have the Wipro shares on the record date will get one extra share for every share they own.
Currently, the company’s paid-up equity share capital stands at ₹1,046.3 crore having 523.14 crore shares of ₹2 each. After the Wipro bonus issue, the paid-up share capital will double to ₹2,092.59 crore having 1,046.3 crore shares.
The bonus issue shares will be credited to eligible shareholders’ accounts in the 2 months after the Board’s approval, with an expected deadline set at December 15, 2024.
Wipro Q2 Results FY25: Guidance
In the Wipro results Q2 FY25, the company has given the outlook for the IT services segment business revenue for the third quarter of FY25. In the Q3 FY25, the company’s IT service business segment revenue could be in the range of $2,607 million to $2,660 million. With the sequential growth in this segment at 0.6% (in QoQ constant currency terms) in Q2 FY25, this could be in the range of -2% to 0% in Q3 FY25.

Conclusion
Wipro Q2 earnings for FY25 showcased that India’s leading global information technology, consulting, and outsourcing company had booked great revenue earnings with an increase in margins and generation of operating cash flow of $1 billion in the first half of FY25. The company has got the highest amount of large deal bookings in the last 10 quarters. In the last 1-year, Wipro share price has delivered a return of 34.65% (on October 18, 2024).
Keep exploring stocks and open demat account with SMC Global Securities. Stay tuned for the upcoming Nifty 50 companies quarterly results.
Reference
https://www.wipro.com/content/dam/nexus/en/investor/quarterly-results/2024-2025/q2fy25/datasheet-q2fy25.pdf
Author: All Content is verified by SMC Global Securities.
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