- 22 Apr 2024
- ICICIdirect
WIPRO Q4 RESULTS 2024: NET PROFIT FALLS TO RS 2,835 CR
WIPRO - 318 Change: 0.05 (0.02 %)
Wipro reported its March quarter numbers. Let us look at Wipro Q4FY24 quarterly numbers in detail.
About Wipro
Wipro is a leading global information technology company providing consulting, technology, and business process services. With a rich history spanning several decades, Wipro has established itself as a trusted partner for businesses across industries, delivering innovative solutions and driving digital transformation.
Crucial parameters
- PE Ratio: 27.17
- 52 week high: 546.10
- Market Cap: 2,36,622.39 crore
- ROE: 15.71
Share Price Movement
Earlier in the day on 19th April, Wipro's shared price closed 1.74% higher at Rs 452.10. In the last six months, Wipro shares have given 15.38% returns.
In the last year, the share price has given 24.60% returns. In the 5 years, Wipro shares have given only 53.36% returns to its investors, below its peers.
Wipro Q4FY24 Result Details
Here are all the key numbers you need to know about Wipro's December quarter results:
Revenue: The company reported a consolidated revenue of Rs 22,208.3 crore for Q4FY24, which is down by 6.6% YoY. Banking, Financial Services and Insurance saw the highest drop in revenue for the company. Health and Technology saw growth in the revenue.
Europe reported a decline in the revenue from 29.3% in Q4FY23 to 27.8% in Q4FY24, and the APMEA region saw a fall of nearly a percent. Americas 2 market, which comprises financial services, manufacturing, energy & utilities, and hi-tech industry sectors in both the US and Canada, saw growth YoY.
Profits: Wipro's consolidated net profit for Q4FY24 of Rs 2,835 crore. The company reported a profit of Rs 3,074.5 crore in the year-ago period.
Margins: Operating margins increased by 40 bps to 16.4% compared to 16% in the last quarter and 16.3% in the year-ago period.
Guidance: They expect revenue from of IT Services business segment to be in the range of $2,617 million to $2,670 million. It translates to sequential guidance of (-)1.5% to +0.5% in constant currency terms.
Employee count:The company reported a total headcount of 234,054 at the end of March quarter, which came down from 240,234 in the December quarter. Voluntary TTM attrition stood at 14.2%.
Dividend: The interim dividend of Rs 1 declared by the Board at its meetings held on January 12th, 2024 shall be considered as the final dividend for FY24.
Other updates: Wipro received total bookings of $3.6 billion for the quarter. The large deal bookings growth stood at $1.2 billion, up 9.5% YoY. The company added one customers in the $75 million plus category compared to the March quarter. The total number of new customers added in the March quarter is 60, and the active customer base is 1371, which has come increased sequentially. Earnings per share for the quarter was at Rs 5.43, an increase of 5.2% sequentially.