Wipro Q1 Results: Profit Nudges Up to ₹3,352 Crore, Misses Estimates; ₹2 Dividend Declared

IT major

reported a marginal rise in its consolidated net profit to ₹3,352 crore for the June quarter of FY27, missing Street expectations. Consolidated revenue for the quarter stood at ₹24,479 crore, which also fell short of analyst estimates as macroeconomic challenges continue to pressure spending in the technology sector. In a move to reward shareholders despite the muted earnings, Wipro’s board of directors declared an interim dividend of ₹2 per equity share. Looking ahead, the Bengaluru-based company provided a cautious outlook for the upcoming quarter. Wipro guided for sequential IT services revenue growth of between a 1.5% decline and a 0.5% gain in constant currency terms for Q2 FY27.