Wipro net profit up 10.9% to Rs 3,330 crore in Q1

Bengaluru: Bengaluru-based IT services and consulting major Wipro Ltd on Thursday reported 10.9 per cent year-on-year increase in consolidated net profit at Rs 3,330 crore for the quarter ended June 2025 compared to Rs 3,003 crore in Q1FY25, the company said in a statement.

Its gross revenue for the quarter recorded a marginal growth of 0.8 per cent YoY at Rs 22,135 crore as against Rs 21,963.8 crore in Q1FY25. The IT services segment revenue saw a decline of 1.5% YoY at $2.58 billion.

The company has declared a dividend of Rs 5 per equity share. It has fixed July 28 as the record date.

Outlook for Q2

The company expects its revenue from IT services business segment to be in the range of $2.56 billion to $2.61 billion for the quarter ending September 2025. This translates to sequential guidance of (-)1 per cent to 1 per cent in constant currency terms, Wipro said.

Srini Pallia, CEO and Managing Director, Wipro said, “In a quarter shaped by macroeconomic uncertainty, clients prioritised 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.”

IT services operating margin for the first quarter ended June was at 17.3 per cent, a contraction of 0.2 per cent QoQ and an increase of 10.9 per cent YoY.

Aparna Iyer, Chief Financial Officer, said, “We expanded our operating margins by 80 basis points on YoY basis. Our cash flow conversion remained strong with operating cash flows being at 123% of our net income. The board also declared an interim dividend of Rs 5 per share. With this, the total cash returned to shareholders over the last 6 months is more than $1.3 billion.”

The company won large deals worth $2.67 billion during the first quarter, while its total deal wins stood at $4.97 billion during the quarter, up by 24.1% QoQ and 50.7% YoY in constant currency. 

Voluntary attrition was at 15.1% on a trailing 12-month basis.