Wipro Q3 attrition rate rises to 15.3%; headcount down 1,157 to 2,32,732 employees | Company Business News

Bangalore-based IT firm Wipro Ltd’s voluntary attrition rate was at 15.3 per cent in the October to December quarter of the financial year 2024-25. The attrition rate was at 14.2 per cent in the same period in the previous financial year, according to the company’s BSE filing on Friday, January 17.  

The company announced its third-quarter results on January 17, and shares closed lower ahead of the earnings announcement. Wipro Ltd shares closed 2.15 per cent lower at 281.85 after Friday’s trading session, compared to 288.05 at the previous market close.

As per the BSE filing, the results were released on Friday after the stock market operating hours. As of January 17, the market capitalisation for the IT major stands at 2.95 lakh crore.

The company also disclosed that, as of the third quarter, the total headcount of the IT firm stood at 2,32,732 enrolled workers. 

“In a seasonally weak quarter, our strong in quarter execution helped us deliver above the top end of our revenue guidance. We also achieved our highest margins in the past three years while continuing to invest in our people,” said Srini Pallia, the chief executive officer (CEO) and managing director of Wipro Ltd in a statement.

Wipro Q3 Results

Wipro Ltd’s consolidated net profits rose 24.5 per cent year-on-year (YoY) to 3,353.8 crore for the October to December quarter of the financial year 2024-25, compared with 2,694.2 crore profits in the same period a year ago.

The revenue from operations rose nearly 1 per cent to 22,319 crore in the third quarter, compared to 22,205 crore in the same quarter the previous financial year. 

The company also declared an interim dividend issue of 6 per equity share or ADS. Wipro set January 28, 2025, as the record date for the company’s shareholders to receive an interim dividend issue of 6 per equity share of par value at 2 apiece.

“We expect revenue from our IT Services business segment to be in the range of $2,602 million to $2,655 million. This translates to sequential guidance of (-)1.0 per cent to 1.0 per cent in constant currency terms,” said Wipro in the official statement highlighting the future revenue expectation for the final quarter of the financial year 2024-25.

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