Wipro Records ₹3,352 Crore Q1 Profit as Company Navigates Margin Volatility and AI Transition

Wipro Records ₹3,352 Crore Q1 Profit as Company Navigates Margin Volatility and AI Transition​

Wipro Ltd has announced a consolidated net profit of Rs 3,352 crore for the April-June quarter. This represents a 0.6 percent increase compared to the Rs 3,330 crore reported during the same period last year.

The IT services giant reported a year-on-year revenue growth of 10.6 percent, reaching Rs 24,479 crore. However, this figure remained below the analyst average estimate of Rs 24,776 crore.

The company's board has also declared an interim dividend of Rs 2 per equity share. Shares of Wipro rose 1.75 percent today prior to the announcement, closing at Rs 177.7 on the NSE.

Revenue Performance and Segmental Growth Analysis​

The company saw a 1 percent sequential increase in gross revenue during the quarter. IT services revenue reached $2.61 billion, which reflects a 1.4 percent decline sequentially but a 1 percent increase year-on-year.

In constant currency terms, Wipro's IT services revenue saw a sequential decline of 1.2 percent. Conversely, it showed a 0.9 percent growth compared to the previous year.

The company continues to navigate a complex environment where maintaining steady growth remains a priority. The results highlight the interplay between steady operational expansion and fluctuating revenue streams in the global IT landscape.

Bookings and Operational Efficiency Metrics​

Total bookings for the quarter were reported at $3.37 billion, marking a 2.4 percent sequential decline in constant currency terms. However, there was significant growth in large deal bookings, which rose 12.9 percent quarter-on-quarter to $1.63 billion.

The IT services operating margin stood at 16 percent for the period. This represents a contraction of 130 basis points sequentially and 120 basis points year-on-year.

Operating cash flow was reported at Rs 3,288 crore, which is equivalent to 98 percent of net income. Additionally, voluntary attrition stood at 13.9 percent on a trailing 12-month basis during the reporting period.

Strategic Outlook and Leadership Commentary​

For the July-September quarter, Wipro has provided guidance for IT services revenue in the range of $2.57 billion to $2.63 billion. This implies a sequential constant currency growth between a decline of 1.5 percent and a growth of 0.5 percent.

Chief Executive Officer and Managing Director Srini Pallia highlighted a strategic shift in client demand. He noted that clients are moving beyond technology modernization toward AI-enabled operating models to improve quality, resilience, and productivity.

Chief Financial Officer Aparna Iyer emphasized that the company remains focused on investing in people and strategic priorities. She acknowledged these efforts while navigating near-term margin volatility within the current market landscape.