Wipro Q1 Results: The country’s leading IT company Wipro has declared bumper results for the April-June quarter. The company’s profit has crossed Rs 3,352 crore, while the income has also seen a huge jump of more than 10%. Along with this, keeping the investors happy, the company has also made a big announcement of giving dividend of Rs 2 per share.
How much did the company earn?
Wipro’s balance sheet looks quite strong this time. The consolidated net profit of the company has increased to Rs 3,352 crore on an annual basis. In the same quarter last year, this figure was Rs 3,330 crore. At the same time, if we talk about income, a huge increase of 10.6 percent has been registered in it and it has reached the level of Rs 24,479 crore. Although market experts had estimated the revenue to be slightly higher, still these results are considered quite excellent. The income from the company’s main business i.e. IT services has been $2.61 billion.
Management told further plans
Even amidst the recession in the global market, Wipro has made a mark in winning large projects. In this quarter, the booking of big deals of the company jumped by about 13 percent to reach $ 1.63 billion. Expressing happiness over these results, Wipro CEO Srini Palia said that in today’s time, customers are not just relying on old technology, but they are increasingly adopting Artificial Intelligence (AI). With the use of AI, both the speed and quality of work is improving. On the other hand, the company’s CFO Aparna Iyer made it clear that even though there is slight pressure on the company’s margins, they will continue to invest wholeheartedly in their employees and important strategic projects.
When will the dividend money come?
Wipro’s board has taken special care of its shareholders. The company has announced an interim dividend of Rs 2 per equity share. For this, the ‘record date’ has been fixed as 27 July 2026. This means that investors who have Wipro shares in their demat account on this day, this amount will be sent directly to their bank account till 14 August 2026. Apart from this, let us tell you that the company has recently successfully completed a big buyback of 60 crore shares from its investors at a price of Rs 250 per share, on which more than Rs 15 thousand crore was spent.
How is Wipro’s condition in the stock market?
If we look at the performance of Wipro in the stock market, just before the results came on Thursday, its shares closed at Rs 177.70 with a rise of 1.75 percent. However, if we look at the record of the last six months, a decline of about 33 percent has been recorded in this stock. At present the total market cap of the company is Rs 1.86 lakh crore.
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