Top News

IT giant Wipro on Thursday reported a 9.8% rise in consolidated profit after tax reaching Rs 3336.5 crore for the June quarter. In the same period last year the company had posted a profit after tax of Rs 3036.6 crore according to a regulatory filing. The consolidated revenue from operations of Wipro was up marginally to Rs 22134.6 crore during the April-June period from Rs 21963.8 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 4971 million up by 50.7 per cent year-on-year in constant currency. Large deal bookings brought in USD 2666 million an increase of 130.8 per cent year-on-year in constant currency. Wipro Q1 Results Wipros IT Services segment which forms the core of its business generated Rs 22080 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 2560 million to USD 2612 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 13427.5 crore in Q1 FY26 representing 60.6 per cent of revenue from operations. Wipro Q1 Results Dividend Wipros employee count reduced by 114 quarter-on-quarter during Q1 FY26 bringing the total to 233232. 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)