Wipro Q4 Update: India's fourth-largest IT major to declare March quarter results on THIS date; stock sheds 18% YTD

Wipro Q4 Update: Wipro Ltd announced that it will conduct its board meeting on April 16 and 17 to consider its upcoming January-March quarter results for the current fiscal (Q4FY25). India's fourth-largest information technology (IT) giant announced that the financial results will be approved by the company's Board of Directors on the evening of April 16, 2025.

Wipro also announced that the trading window for dealing in the company's securities is closed from March 16, 2025, to April 18, 2025 (both days inclusive). Wipro's share price has declined 18 per cent year-to-date (YTD), 14 per cent in one month, and six per cent in the last five sessions.

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Wipro Q4 Results Date, Trading window closure

"…It is hereby informed that the next meeting of the Board of Directors of Wipro will be held over April 15-16, 2025, to consider and approve, inter alia:

a) the condensed audited standalone and consolidated financial results of the company under lndAS for the quarter and year ended March 31, 2025.

b) the condensed audited consolidated financial results of the Company under IFRS for the quarter and year ended March 31, 2025.

The financial results will be approved by the Board of Directors on the evening of April 16, 2025. It is further informed that the trading window for dealing in the securities of the company is closed from March 16, 2025, to April 18, 2025 (both days inclusive)," said Wipro in its exchange filing.

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Wipro Q3 Results

The Srinivas Pallia-led tech giant reported a 24.5 per cent rise in its consolidated net profit to ₹3,353.8 crore during the third quarter of fiscal 2024-25 (Q4FY25), compared to ₹2,694.2 crore in the year-ago period. Revenue from operations in the December quarter was ₹22,319 crore, up one per cent, compared to ₹22,205 crore in the year-ago period.

Wipro filed a regulatory filing announcing an interim dividend of ₹6 per share. As of January 28, 2025, the record date, the company's members will receive an interim dividend of ₹6 per equity share of par value at ₹2 each.

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Wipro's top management guided for a "more hopeful and resilient" 2025 after facing macroeconomic challenges in 2024. The Bengaluru-headquartered tech major's revenue from operations was aided by momentum in banking, financial services, insurance space, and America's geography during Q3FY25.

For the March quarter, Wipro sees revenue from IT services business in the range of $2,602 million to $2,655 million, which sequentially translates into a band of one per cent decline to one per cent growth. Hence, for January-March, Wipro forecasts its revenue growth would be -1 per cent to 1 per cent sequentially.