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Income Statement (INR)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 223B | 1.5% |
| Gross Profit | 68B | 2.5% |
| Cost of Revenue | 155B | 1.1% |
| Operating expense | 30.8B | 2.5% |
| Net Income | 32.1B | 6.8% |
| EBITDA | 54.7B | 25.5% |
Balance Sheet (INR)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1,260B | 5.8% |
| Total Liabilities | 440B | 7.6% |
| Total Equity | 818B | 4.9% |
| Shares Outstanding | 5.24B | 0.1% |
Cash Flow (INR)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 42.7B | 6.8% |
| Cash from financing | 16.1B | 1000.7% |
Financial Highlights for Wipro in Q3 '24
Wipro reported a revenue of 223B, which is a 1.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 68B, marking a 2.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 155B, a 1.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 30.8B, showing a 2.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 32.1B, showing a 6.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 54.7B, showing a 25.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Wipro with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
