Wipro Q1 FY27 Results: Net Profit Flat At ₹3,356 Crore, Revenue Rises 10.6% To ₹24,479 Crore; Board Declares ₹2 Interim Dividend

Wipro Limited reported its Q1 FY27 results on July 16, 2026, after market hours on Thursday. Wipro is India's fourth-largest IT services company. The board also declared an interim dividend of ₹2 per equity share of face value ₹2 for FY27.

The IT major, reported a 0.6% year-on-year rise in consolidated net profit to ₹3,356 crore for the April-June quarter (Q1 FY27). In the same quarter last year, the company's profit was ₹3,337 crore. Sequentially, profit fell 4.7% from ₹3,522 crore in the March quarter (Q4 FY26). Shareholders on record as of July 27, 2026, will be eligible for the interim dividend, payable on or before August 14, 2026.

Revenue from operations for the June quarter rose 10.6% YoY and 1% QoQ to ₹24,479 crore, against ₹22,135 crore in Q1 FY26 and ₹24,236 crore in Q4 FY26. The IT services business, the company's core segment, brought in ₹24,452 crore, up 10.7% YoY.

IT services revenue came in at $2.61 billion, down 1.4% QoQ but up 1% YoY. In constant currency, it fell 1.2% QoQ though it grew 0.9% YoY. Total bookings for the quarter stood at $3.37 billion, down 2.4% QoQ in constant currency, but large deal bookings climbed 12.9% sequentially to $1.63 billion.

IT services operating margin came in at 16%, down 130 basis points QoQ from 17.3% and 120 basis points YoY from 17.2%, as the company absorbed wage hikes and ramp-up costs on new deals. Earnings per share stood at ₹3.20, down 4.2% QoQ but up 0.6% YoY. Operating cash flow rose 3.6% QoQ to ₹3,290 crore ($348 million), equal to 98% of net income for the quarter. Voluntary attrition on a trailing 12-month basis stood at 13.9%.

Wipro Q1 FY27 Results: Management Commentary

CEO and Managing Director Srini Pallia pointed to clients shifting from technology modernisation toward AI-enabled operating models, saying Wipro's consulting-led, AI-powered approach was helping embed AI into clients' core operations.

CFO Aparna Iyer flagged near-term margin volatility from continued investment in people and strategic priority areas, while highlighting that operating cash flow held at 98% of net income for the quarter. She noted that including the newly declared dividend and payouts over the past year, the company will have returned more than $3 billion in cash to shareholders.

Wipro Share Price

Wipro shares traded higher ahead of the results on Thursday, opening at ₹176 apiece against a previous close of ₹174.60 on the BSE and rising as much as 1.94% intraday to ₹178. Results were announced after market hours.

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