Wipro ADR surge over 5% after Q1 profit grows 11%
ADVERTISEMENT The profit, attributable to the equity holders of the company, slightly exceeded Street estimates of Rs 3,233 crore.
The IT services company's revenue from operations rose marginally by 0.7% to Rs 22,134 crore, compared to Rs 21,963 crore in the year-ago period.
The profit after tax (PAT) declined nearly 7% sequentially, compared to Rs 3,570 crore reported in Q4FY25.Wipro also announced an interim dividend of Rs 5 per share for the financial year 2025–26. It has set July 28 as the record date. The interim dividend will be paid on or before August 15, 2025.
The company expects revenue from its IT Services business segment to be in the range of $2,560 million to $2,612 million, implying a sequential growth of -1.0% to 1.0% in constant currency terms.
ADVERTISEMENT Commenting on the earnings, Srini Pallia, CEO and Managing Director, said the quarter was shaped by macroeconomic uncertainty, with clients prioritising 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,' he added.
ADVERTISEMENT The results were announced after market hours and Wipro shares traded in the red throughout the session before ending the day at Rs 258.75 on the NSE, down by Rs 4.05 or 1.54%.
Read more: Wipro Q1 Results: Cons PAT rises 11% YoY to Rs 3,330 crore; dividend declared at Rs 5/share
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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