How Did Wipro's Q1 Profit Surge by 11% to Rs 3,336 Crore?
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Synopsis
Wipro's latest financial results reveal a remarkable increase in profits despite economic challenges. Discover how the tech giant managed to achieve an 11.1% growth in net profit and what this means for its future performance. This report dives into key figures, strategic moves, and shareholder expectations.
Key Takeaways
- Net profit increased by 11.1% to Rs 3,336.5 crore.
- Declared an interim dividend of Rs 5 per share.
- Revenue from operations was Rs 22,134.6 crore.
- Revenue declined by 1.65% QoQ.
- 16 large deals secured, including 2 mega deals.
Mumbai, July 17 (NationPress) The tech powerhouse Wipro announced an 11.1% rise in its consolidated net profit for the April-June quarter (Q1) of FY26, achieving Rs 3,336.5 crore, compared to Rs 3,003 crore during the same period last year.
The company reported consolidated revenue from operations of Rs 22,134.6 crore, reflecting a slight increase from Rs 21,963.8 crore in the corresponding quarter of the previous year, as per its filing with the stock exchange.
Furthermore, Wipro has announced an interim dividend of Rs 5 per share for the financial year 2025-26.
The record date has been set for July 28, with shareholders expecting payment by August 15.
However, when compared to the previous quarter (QoQ), the company witnessed a 1.65% decline in revenue from operations, down from Rs 22,504.2 crore in Q4 FY25.
Net profit also experienced a decrease of over 6.2% sequentially from Rs 3,588.8 crore reported in Q4 FY25.
Wipro's Managing Director and CEO, Srini Pallia, noted that despite facing macroeconomic challenges, the company has effectively collaborated with clients to enhance their focus on efficiency and cost optimization.
This collaborative effort resulted in securing 16 large deals, which included two mega deals. Pallia emphasized that AI has transitioned from an experimental phase to becoming integral to clients' business strategies.
Wipro is already providing large-scale AI solutions that are yielding significant impacts, and Pallia believes the company is poised for a robust performance in the latter half of the financial year.
For the next quarter, Wipro has projected a revenue guidance of -1% to +1% growth in constant currency terms.
It anticipates revenue from its IT services division to be between 2,560 million dollars and 2,612 million dollars for the September quarter.
Despite the impressive earnings report, Wipro's shares fell by 0.93%, closing at Rs 260.25 on the Bombay Stock Exchange (BSE) on Thursday.
Point of View
It is crucial to recognize Wipro's resilience in navigating economic challenges while maintaining growth. Their strategic focus on AI and client partnerships illustrates a proactive approach that could set a precedent for others in the industry.
NationPress
17/07/2025
Frequently Asked Questions
What was Wipro's net profit for Q1 FY26?
Wipro reported a consolidated net profit of Rs 3,336.5 crore for Q1 FY26.
What interim dividend did Wipro declare?
Wipro declared an interim dividend of Rs 5 per share for the financial year 2025-26.
When is Wipro's record date for the dividend?
The record date for Wipro's dividend is set for July 28, 2025.
How did Wipro's revenue change from the previous quarter?
On a quarter-on-quarter basis, Wipro's revenue from operations fell by 1.65% from Rs 22,504.2 crore.
What is Wipro's revenue guidance for the next quarter?
Wipro has projected a revenue growth guidance of -1% to +1% in constant currency terms for the upcoming quarter.
