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Key Points

Wipro has reported an 11.1% rise in Q1 net profit, demonstrating resilience amid global economic challenges. The tech giant announced a Rs 5 interim dividend and highlighted significant progress in AI solutions. CEO Srini Pallia emphasized the company's strategic focus on client efficiency and technological innovation. Despite a slight quarter-on-quarter revenue dip, Wipro remains optimistic about stronger performance in the second half of the financial year.

Key Points: Wipro Q1 Profit Rises 11% Amid AI Strategic Shift

  • Consolidated net profit reaches Rs 3,336.5 crore
  • Revenue marginally increases to Rs 22,134.6 crore
  • Secured 16 large deals including two mega deals
  • Provides Q2 revenue guidance of -1% to +1% in constant currency
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Wipro's Q1 profit rises 11 pc to Rs 3,336 crore, announces Rs 5 interim dividend

Wipro reports 11.1% net profit increase, announces Rs 5 interim dividend while navigating macroeconomic challenges and AI integration

"AI is no longer experimental and has now become central to clients' business strategies - Srini Pallia, Wipro MD and CEO"

Mumbai, July 17

Tech giant Wipro on Thursday reported an 11.1 per cent increase in its consolidated net profit for the April-June quarter (Q1) of FY26, reaching Rs 3,336.5 crore, compared to Rs 3,003 crore in the same quarter previous year.

The company's consolidated revenue from operations stood at Rs 22,134.6 crore, showing a marginal increase from Rs 21,963.8 crore recorded during the same period previous year, according to its stock exchange filing.

Wipro also declared an interim dividend of Rs 5 per share for the financial year 2025-26.

The company has fixed July 28 as the record date, and shareholders can expect the payment on or before August 15.

However, on a quarter-on-quarter (QoQ) basis, the company's revenue from operations fell by 1.65 per cent, from Rs 22,504.2 crore in Q4 FY25.

Net profit also followed suit and fell over 6.2 per cent sequentially from Rs 3,588.8 crore reported in Q4 FY25.

Wipro MD and CEO Srini Pallia said that despite macroeconomic challenges, the company was able to closely partner with clients to address their focus on efficiency and cost optimisation.

This resulted in 16 large deals, including two mega deals," he said, adding that AI is no longer experimental and has now become central to clients' business strategies.

Wipro is already delivering large-scale AI solutions that are showing real impact, Pallia said, adding that the company is well positioned for a stronger performance in the second half of the financial year.

For the upcoming quarter, Wipro has given a revenue guidance of -1 per cent to +1 per cent growth in constant currency terms.

It expects revenue from its IT services segment to be in the range of 2,560 million dollar to 2,612 million dollar for the September quarter.

Despite the solid earnings report, shares of Wipro fell 0.93 per cent to close at Rs 260.25 on the Bombay Stock Exchange (BSE) on Thursday.

- IANS

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Reader Comments

P
Priya S
The QoQ decline is concerning though. 6.2% drop in profits is significant. Are they losing clients to TCS and Infosys? Management needs to address this properly in next earnings call.
R
Rohit P
As a Wipro employee, happy to see profits up YoY! But worried about the conservative guidance for next quarter. Hope the AI focus brings more projects soon 🤞
S
Sarah B
Interesting how the stock fell despite good results. Market seems to be pricing in future concerns. The -1% to +1% revenue guidance isn't exactly confidence-inspiring for investors.
V
Vikram M
Rs 5 dividend is decent but nothing spectacular. I remember when IT companies used to give much higher dividends before. Still, better than nothing in current market conditions!
K
Kavya N
The AI focus is the right move! Indian IT needs to move up the value chain from just services to solutions. Hope Wipro can deliver on this promise and create better jobs for our engineers.

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