
Wipro and Tech Mahindra reported their financial results for the third quarter of FY25, showcasing contrasting performances. Wipro posted a net profit of ₹3,354 crore, marking a 24.5% increase year-over-year and a slight revenue growth of 0.5% to ₹22,319 crore. The company also declared an interim dividend of ₹6 per share, with a record date set for January 28, 2025. In contrast, Tech Mahindra achieved a net profit of ₹983 crore, reflecting a substantial 93% increase year-over-year, although it experienced a decline of 21.4% quarter-over-quarter. Tech Mahindra's revenue stood at ₹13,286 crore, up 1% year-over-year but down 0.2% from the previous quarter. Both companies have received positive market reactions following their results, with Wipro's shares rising over 7% post-announcement.
















Stock Market LIVE: Sensex starts 200 points up, Nifty around 23250; Wipro, Kotak Bank up 7% each https://t.co/w7Bg28fu7E
#CNBCTV18Market | #Wipro, #KotakBank top Nifty gainers, up more than 7% each post Q3 results https://t.co/Y3GVCLTCCS
#MarketsWithBS | #wipro's #Q3FY25 results exceed expectations, with revenue growth of 0.5% YoY and a 24.5% rise in net profit. The IT services margin reached a 3-year high, while large deal bookings remained strong. Despite modest Q4 guidance, analysts maintain 'Buy' ratings with… https://t.co/HITWm7RFTK