Wipro Q1 results: Net profit jumps 10% YoY to ₹3336 crore; interim dividend declared
Wipro Q1FY26 results: Wipro, the country’s fourth-largest IT company, released its June quarter results today, July 17, post-market hours. The Bengaluru-based company reported a consolidated net profit of ₹3,336 crore in Q1FY26, marking a 7% QoQ decline but an 10% YoY growth, which came in above analysts’ projections of ₹3,268 crore.
Its constant currency revenue declined both sequentially and year-on-year, coming in at $2,590 million, down 2% QoQ and 2.3% YoY, but came above the estimates. The revenue from the IT segment came in at $2,587.4 million, decrease of 0.3% QoQ and 1.5% YoY.
In rupee terms, the revenue came in at ₹22,134 crore as against ₹21,964 crore in Q1FY25, which also came above the analysts’ estimates of ₹21,829 crore.
The EBIT margin has expanded by 80 basis points YoY, reaching 17.3%, supported by operational efficiencies and cost control measures. The company expects revenue from its IT Services business segment to be in the range of $2,560 million to $2,612 million in Q2FY26, translating to a sequential growth guidance of -1.0% to 1.0% in constant currency terms.
Harshal Dasani, Business Head at INVasset, said, “While macro headwinds persist, the Q1 results offer a reassuring blend of earnings beat, consistent free cash flow, and capital return. For long-term investors, the interim dividend and guidance retention provide a measured dose of optimism, with the coming quarters critical to confirm the earnings recovery story.”
Strong momentum in large deals
Despite ongoing softness in Europe and discretionary spending, the IT major reported total bookings (Total Contract Value or TCV) of $4,971 million, showing a sequential improvement compared to $3,955 million in the previous quarter. On a year-on-year basis, bookings also increased from $3,284 million in the same quarter last year.
Large deal TCV stood at $2,666 million, up from $1,154 million in the March quarter and $1,154 million in the year-ago period.
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,” Srini Pallia further added.
Interim dividend announced
The company, alongside the release of its June quarter performance, announced a dividend of ₹5 per share to its shareholders, setting July 28, 2025, as the record date for determining the eligible shareholders. The dividend is scheduled to be paid on or before August 15, 2025, according to the company’s exchange filing.
“Payment of interim dividend of ₹5 per equity share of par value ₹2 each to the Members of the Company as on July 28, 2025, being the Record Date. The payment of Interim Dividend will be made on or before August 15, 2025,” said the company in an exchange filing.
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