Bengaluru-based IT services giant Wipro announced its first-quarter earnings for the current fiscal year on Thursday, July 16, 2026. The company reported a net profit of Rs 3,352 crore, marking a 4.3% decrease compared to the Rs 3,502 crore recorded in the preceding March 2026 quarter.
Alongside the financial results, Wipro's board of directors approved an interim dividend of Rs 2 per equity share. The record date for this dividend has been set for July 27, 2026, with payments scheduled to be made on or before August 14, 2026.
Key Financial Highlights for Q1
- Gross Revenue: The company's gross revenue for the quarter stood at Rs 24,480 crore. This represents a 1.0% increase quarter-on-quarter (QoQ) and a 10.6% rise year-on-year (YoY).
- IT Services Segment Revenue: Revenue from the crucial IT services segment saw a slight dip, falling 1.4% QoQ to $2,614.5 million. However, on a year-on-year basis, this segment experienced a 1% growth.
- Earnings Per Share (EPS): Earnings per share for the quarter were reported at Rs 3.20 ($0.031). This indicates a 4.2% decline QoQ but a 0.6% increase YoY.
The interim dividend reflects the company's commitment to shareholder returns despite the minor decline in quarterly profit. Investors will be closely watching Wipro's performance in the coming quarters to assess its growth trajectory amidst a dynamic global IT services landscape.