Bengaluru-headquartered IT main Wipro on Thursday reported a internet revenue of Rs 3,330 crore for the quarter ended June 30, marking a 6.7 per cent quarter-on-quarter decline that was nonetheless much less extreme than what analysts had anticipated. Its income declined 1.6 per cent sequentially to Rs 22,135 crore, in accordance with a regulatory submitting. The highest-line beat Road estimates.
Based on Zee Enterprise analysis, Wipro was estimated to log a internet revenue of Rs 3,076 crore with income of Rs 21,858 crore for the primary quarter of FY26.
In greenback phrases, the IT agency’s quarterly income declined 2.0 per cent to $2,581.6 million.
In fixed present phrases, its income declined 2.3 per cent on a year-on-year foundation, it stated in an announcement.
Income from the IT providers section remained largely regular at $2,587.4 million for the June quarter from $2,596.5 million for the earlier three months.
Wipro’s bookings grew 25.7 per cent to $4,971 million for the quarter ended June 30.
Wipro administration commentary
“In 1 / 4 formed by macroeconomic uncertainty, shoppers prioritised effectivity and price optimization. We partnered intently with them to deal with these wants, leading to 16 massive offers, together with two mega offers,” stated Srini Pallia, CEO and Managing Director, Wipro.
Constructing on the momentum from final quarter and supported by a powerful pipeline, Wipro is nicely positioned for the second half of the monetary yr, stated Pallia.
‘AI now not experimental, it is…’: Wipro CEO
“AI is now not experimental – it’s central to our shoppers’ methods, and we’re delivering actual affect at scale,” stated Pallia.
Wipro Q2 FY26 income steerage
Wipro stated it expects its IT providers income to be within the vary of $2,560 million to $2,612 million for the following quarter, translating to sequential development starting from -1.0 per cent to 1.0 per cent in fixed forex.
Working efficiency
The corporate stated its IT providers working margin stood at 17.3 per cent for Q1. That marked 20-basis-point lower from the earlier quarter’s studying.
“We expanded our working margins by 80 foundation factors on YoY foundation. Our money circulate conversion remained sturdy with working money flows being at 123 per cent of our internet earnings,” stated Aparna Iyer, Chief Monetary Officer, Wipro.
Attrition at Wipro
Wipro stated that voluntary attrition stood at 15.1 per cent on a trailing 12-month foundation, marking a slight shift from 15.0 per cent the earlier quarter.
Attrition is a vital metric for Indian IT companies given its vital affect on the trade’s prices.
Wipro pronounces 250% dividend
The IT agency introduced a dividend of Rs 5 per fairness share.
Iyer stated that with the newest dividend, Wipro’s complete money returned to shareholders quantities to greater than $1.3 billion in six months.
Wipro shares vs Nifty 50 vs Nifty IT
Earlier on Thursday, Wipro shares ended 0.9 per cent decrease at Rs 260.3 apiece on BSE amid total weak spot within the IT basket.
The Nifty 50 declined 0.4 per cent whereas the Nifty IT slumped 1.4 per cent, dragged by promoting strain in shares like Infosys and Tech Mahindra.
Here is how Wipro has carried out over the previous few months, compared to headline and sectoral gauges:
| Inventory/index | Return (%) | ||
| 1 month | YTD | 1 yr | |
| Wipro | -1.6 | -13.8 | -9.7 |
| Nifty 50 | 1 | 5.8 | 1.3 |
| Nifty IT | 8 | 0.1 | -14.3 |
| S&P BSE IT | -5.3 | -15.4 | -10.1 |
