Wipro Q1 FY25 results : Net profit rises 5.2% to Rs 3,036.6 crore

Bengaluru-based IT services major Wipro posted a net profit of Rs 3,036.6 crore for the first quarter of the current financial year (FY25), up 5.2 per cent from the year-ago period. Profit was up 6.2 per cent quarter-on-quarter (Q-o-Q) and beat Bloomberg estimates of Rs 2,931 crore.

Like its larger peers, India’s fourth largest IT services firm also signalled better client spending as it marginally upped its revenue guidance for the second quarter of FY25 from -1 per cent to +1 per cent. The company had cut its revenue guidance in the last quarter and guided for revenue in the range of -1.5 per cent to 0.5 per cent.