Wipro Stock Up by More Than 2% After Profit Increases by 9.9%

Mumbai, July 18, 2025: Shares of Wipro Ltd (NSE: WIPRO) gained 3.01% to ₹268.45 in early morning trade on Friday. This rise was driven by its Q1 FY26 results. The IT major reported a consolidated net profit of ₹3,336 crore for the quarter ended 30 June 2025, marking a 9.9% increase year-on-year. It also declared a ₹5 per share interim dividend.

At 12 p.m. IST, 18th July, the stock was up by 2.11% at Rs 266.10

Stock Snapshot (as of 09:30 IST, July 18, 2025)

Q1 FY26 Consolidated Financials

The company’s total income for the quarter stood at ₹23,201.1 crore, while expenses remained broadly flat, aiding margin stability. Profit before tax came in at ₹4,258.3 crore. While the year-on-year profit growth is healthy, it’s worth noting that the net profit saw a sequential decline of about 6.7% from ₹3,588.1 crore reported in Q4 FY25. Revenue also saw a slight sequential decline of 1.6% from ₹22,504.2 crore in the January-March quarter of FY25, reflecting continued caution in discretionary tech spending from global clients.

Wipro’s large deal bookings notably surged to $2.67 billion in Q1 FY26, an increase of 130.8% year-on-year in constant currency, and total bookings reached $4.97 billion, up 50.7% year-on-year. This strong deal momentum, especially in large contracts, provides a positive outlook for future revenue despite the current muted topline growth. The company’s IT services operating margin expanded by 80 basis points year-on-year to 17.3%, and operating cash flows remained robust at 123% of net income, indicating efficient operations.

Interim Dividend Details

Management Commentary

Rishad Premji, Chairman, stated:

“We delivered a resilient performance in Q1 FY26. The interim dividend demonstrates our confidence in the business fundamentals and our continued commitment to shareholder returns.”

Srini Pallia, CEO and Managing Director, added, “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.”

Road Ahead

Wipro’s strong large deal wins and improved operating margins offer optimism for H2 FY26, despite near-term revenue softness. The sequential dip in topline and profit reflects macro-driven tech spending caution, but robust bookings suggest recovery potential. Focused investments in AI, automation, and cost optimisation are expected to drive future growth. Analysts will watch for traction in high-growth verticals and geographies. Shareholder-friendly moves like the ₹5 dividend may support stock sentiment in the near term, while sustainable execution will be key to long-term re-rating.

About Wipro

Wipro Limited is a leading global information technology, consulting, and business process services company. It is listed on NSE, BSE, and NYSE, and serves clients across more than 60 countries in sectors such as BFSI, energy, manufacturing, consumer, and healthcare.

REF: https://nsearchives.nseindia.com/corporate/Cslogin_17072025153659_SEIntimationfinancialresults.pdf

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