Wipro posted Q1 FY26 results with revenue of ₹2,213.46 crore and net income of ₹3,036.6 crore, announced a ₹5 dividend, and guided Q2 IT services revenue between $2.56 billion and $2.61 billion amid stable bookings and margin performance.
Indian equity indices opened lower on Friday, weighed down by broad-based declines, particularly in financial stocks, after Axis Bank fell on reporting a weaker-than-expected quarterly profit.
As of 10:10 a.m. IST, the Nifty 50 traded at 25,013.7, down 0.39%, while the BSE Sensex slipped 0.41% to 81,921.03.
Wipro Limited reported its consolidated Q1 FY26 results, highlighting steady IT services performance.
Wipro Limited announced its consolidated results for Q1 FY26, reporting gross revenue of ₹2,213.46 crore ($2,581.6 million), a 1.6% sequential decline but a 0.78% rise year-on-year. The IT services segment revenue stood at $2,587.4 million, down 0.3% quarter-on-quarter and 1.5% year-on-year, while non-GAAP constant currency IT services revenue fell 2.0% sequentially and 2.3% annually.
Total bookings reached $4,971 million, marking a 24.1% quarter-on-quarter and 50.7% year-on-year increase in constant currency. Large deal bookings were $2,666 million, up 49.7% sequentially and 130.8% compared to last year.
The IT services operating margin was 17.3%, reflecting a 0.2% sequential contraction and a 0.8% annual expansion. Net income stood at ₹3,036.60 ($388.4 million), declining 6.7% quarter-on-quarter but improving 10.9% year-on-year. Earnings per share came in at ₹3.2, showing a similar 6.7% sequential drop and 10.8% growth year-on-year.
Operating cash flows were ₹4,110 crore ($479.6 million), up 9.8% quarter-on-quarter and 2.9% year-on-year, representing 123.2% of net income. Voluntary attrition for the trailing 12 months was reported at 15.1%.
Srini Pallia, CEO and Managing Director, said “In a quarter shaped by macroeconomic uncertainty, clients prioritised efficiency and cost optimisation. 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 ₹5 per share. With this, the total cash returned to shareholders over the last 6 months is more than $1.3 Bn.”
Along with its June quarter results, the company declared a dividend of ₹5 per share. Shareholders recorded as of July 28, 2025, will be eligible to receive the payout, which is expected to be distributed by August 15, 2025.
Wipro Ltd has maintained a consistent dividend payout track over recent years. The company announced a dividend of ₹5 per share with an ex-date of July 28, 2025, following a ₹6 per share dividend on January 28, 2025. In previous years, it distributed ₹1 per share on January 24, 2024, and ₹1 per share on January 24, 2023. Earlier, on April 5, 2022, the company had declared a dividend of ₹5 per share, according to BSE.
Wipro Ltd has projected revenue from its IT Services segment to range between $2,560 million and $2,612 million for the quarter ending September 30, 2025. This represents a sequential movement of (-)1.0% to 1.0% in constant currency terms. The forecast is based on key exchange rates, including GBP/USD at 1.34, Euro/USD at 1.13, AUD/USD at 0.64, USD/INR at 85.88, and CAD/USD at 0.72, according to the company’s outlook statement.
On Friday, the share price of Wipro Ltd jumped over 4% as the company announced its Q1FY26 results on July 17, 2025. As of 10:39 am IST, the stock price was trading at ₹266.95 per share, up by 2.44%. American Depository Receipts (ADRs) of Wipro surged over 5% to hit the day's high of $3.12 on Thursday following its Q1 earnings.
On a year-to-date basis, the stock price has seen a decline of over 10% while in the last 12 months it is down by 3.73%. In the last three months, the stock price has recovered by 14%.
Wipro Ltd. is a global information technology, consulting and outsourcing company, which engages in the development and integration of solutions. It operates through the following segments: Information Technology Services, India State Run Enterprise Services, and Information Technology Products. The Information Technology Services segment provides digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development, and hardware and software design to enterprises worldwide.
Disclaimer: The article is for informational purposes only and not investment advice.
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