Wipro Q3 FY24 Results Live: Profit Falls by 11.75% YoY

Wipro declared their Q3 FY24 results on 12 Jan, 2024. The topline decreased by 4.41% & the profit decreased by 11.75% YoY.

As compared to the previous quarter, the revenue declined by 1.38% and the profit increased by 1.81%.

The Selling, general & administrative expenses rose by 7.9% q-o-q & increased by 7.76% Y-o-Y.

The operating income was down by 1.44% q-o-q & decreased by 12.68% Y-o-Y.

The EPS is ₹5.23 for Q3 FY24 which decreased by 8.84% Y-o-Y.

Wipro has delivered -0.93% return in the last 1 week, 13.67% return in the last 6 months, and -4.9% YTD return.

Currently, Wipro has a market cap of ₹233827.6 Cr and a 52wk high/low of ₹483.5 & ₹352 respectively.

As of 14 Jan, 2024, out of 36 analysts covering the company, 6 analysts have given a Strong Sell rating, 12 analysts have given a Sell rating, 9 analysts have given a Hold rating, 6 analysts have given a Buy rating, and 3 analysts have given a Strong Buy rating.

The consensus recommendation as of 14 Jan, 2024, was to Hold.

The company has also declared an interim dividend of ₹1.0. The record date for the dividend is 24 Jan, 2024, and the ex-dividend date will be 24 Jan, 2024.