IT giant Wipro on Thursday reported a 9.8% rise in consolidated profit after tax, reaching Rs 3,336.5 crore for the June quarter. In the same period last year, the company had posted a profit after tax of Rs 3,036.6 crore, according to a regulatory filing.
The consolidated revenue from operations of Wipro was up marginally to Rs 22,134.6 crore during the April-June period from Rs 21,963.8 crore in the year-ago period. Sequentially, profit and revenue declined by 7 per cent and 1.6 per cent, respectively. Total bookings during the quarter under review stood at USD 4,971 million, up by 50.7 per cent year-on-year in constant currency.
Large deal bookings brought in USD 2,666 million, an increase of 130.8 per cent year-on-year in constant currency.
Wipro Q1 Results
Wipro’s IT Services segment, which forms the core of its business, generated Rs 22,080 crore in Q1 FY26, a year-over-year growth of 0.8 per cent and a sequential decline of 1.6 per cent.
The company has given a sequential guidance of -1 per cent to 1 per cent in constant currency terms. It expects revenue from its IT services segment to be in the range of USD 2,560 million to USD 2,612 million in the September quarter.
The IT Products segment generated Rs 72.8 crore in Q1 FY26, a year-over-year growth of 55.2 per cent. Banking, Financial Services and Insurance (BFSI) remained the largest contributor, accounting for 33.6 per cent of IT Services revenue, but saw a revenue decline of 3.8 per cent in constant currency terms.
The consumer sector represented 18.6 per cent of IT Services revenue, registering a 5.7 per cent decline in constant currency. In Energy, Manufacturing and Resources, which made up 17.7 per cent of segment revenue, performance was down by 2.4 per cent in constant currency.
Technology and Communications accounted for 15.5 per cent of revenue and was nearly flat for the quarter, dropping 0.3 per cent in constant currency.
The Health segment stood out as the only vertical in the positive, contributing 14.6 per cent of segment revenue and delivering a 3.5 per cent growth in constant currency.
Employee benefits expense stood at Rs 13,427.5 crore in Q1 FY26, representing 60.6 per cent of revenue from operations.
Wipro Q1 Results Dividend
Wipro’s employee count reduced by 114 quarter-on-quarter during Q1 FY26, bringing the total to 233,232. Wipro declared an interim dividend of Rs 5 per equity share of par value Rs 2 each to the members of the company, payable on or before August 15, 2025.
Wipro CFO Aparna Iyer said that the company will endeavour to pay dividends twice a year, once along with the Q2 results and then along with the Q3 results.
(With Inputs From PTI)
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