Wipro Q4 results: Net profit drops 8% to Rs 2,835 cr, revenue down 4.2%

Wipro Ltd on Friday reported a net profit of Rs 2,835 crore for the January-March quarter of financial year 2023-24 (Q4FY24). This was a 7.9 per cent decrease from Rs 3,074.5 crore reported during the same period last year (Q4FY23).

Revenue for the fourth quarter was Rs 22,208.3 crore, 4.2 per cent down from Rs 23,190.3 crore reported in Q4FY23.

Sequentially, Wipro’s net profit went up marginally by 5 per cent from Rs 2,694 crore in the previous quarter (Q3FY24). Revenue was up 1.3 per cent from Rs 22,205 crore reported in Q3FY24.