Bengaluru-based IT major Wipro posted its first quarter results for this quarter on Thursday. The company recorded a decrease in net profit in the first quarter of fiscal 2026, meeting analysts’ estimates.
The Indian IT major saw its bottom line fall 7% over the previous three months to Rs 3,336 crore in the quarter-ended June, according to an exchange filing on Thursday. That compares with the Rs 3,588-crore consensus estimate of analysts tracked by Bloomberg.
Wipro Q1 FY25 Highlights (Consolidated, QoQ)
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Revenue down 1.65% to Rs 22,134 crore versus Rs 22,504.2 crore. (Estimate: Rs 22,078 crore).
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EBIT decreased 9.09% to Rs 3,548 crore versus Rs 2,902 crore. (Estimate: Rs 3,783 crore).
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EBIT margin contracted 131 basis points to 16.02% versus 17.3%. (Estimate: 4%).
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Net profit fell 7.02% to Rs 3,336 crore versus Rs 3,588 crore. (Estimate: Rs 3,249 crore).
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