IT services major Wipro Ltd on July 17 reported 11 percent rise in consolidated net profit at Rs 3,330 crore for the quarter ended June 30, 2025. This was above Bloomberg poll estimate of Rs 3,249 crore.
The firm declared interim dividend of Rs 5 per share. The record date for the payment of the interim dividend is July 28.
On July 17, Wipro Ltd shares on NSE closed 1.5% lower at Rs 258.75 apiece.
The firm's consolidated revenue from operations rose marginally to Rs 22,135 crore in Q1FY26 as against Rs 21,964 crore in Q1FY25. The topline for the quarter is also above analyst estimates of Rs 22,078 crore.
"Clients prioritised initiatives with immediate impact, focusing on cost optimization and vendor consolidation," Wipro Chief Executive Officer Srinivas Pallia said while addressing a press conference after declaring the Q1FY25 results.
Wipro guided for revenue growth between -1 percent to +1 percent for the second quarter of fiscal year 2025-26.
Q1 is typically a strong quarter for IT companies.
India’s other top IT companies were off to a tepid start in Q1FY26, marked by delays in decision-making and an uncertain environment.
While behemoth Tata Consultancy Services, last week, announced that its net profit rose 6 percent year-on-year to Rs 12,760 crore, and surpassed Street expectations, HCLTech posted a 10 percent decline in net profit of Rs 3,843 crore.
Srini Pallia, CEO and Managing Director, said: “In a quarter shaped by macroeconomic uncertainty, clients prioritised efficiency and cost optimization. We partnered closely with them to address these needs, resulting in 16 large deals, including two mega deals. Building on the momentum from last quarter and supported by a strong pipeline, we are well-positioned for the second half. AI is no longer experimental - it’s central to our clients’ strategies, and we are
delivering real impact at scale.”
Aparna Iyer, Chief Financial Officer, said: “We expanded our operating margins by 80 basis points on YoY basis. Our cash flow conversion remained strong, with operating cash flows being at 123% of our net income. The board also declared an interim dividend of Rs 5 per share. With this, the total cash returned to shareholders over the last 6 months is more than $1.3 billion.”
In constant currency terms, topline decreased by 2.3 percent YoY.
The EBIT margin or the operating margin was down 20 bps to 17.3 percent.
The Bengaluru-based company won large deals worth $2.67 billion during the quarter, higher than $1.76 billion it won in the last quarter. The company’s total deal wins stood at $4.97 billion, higher than the $3.96 billion it won in the previous quarter.
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