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Wipro Reports Mixed First Quarter Results Declares Interim Dividend of Rs 2 Per Share
Wipro reported a mixed performance for the first quarter of FY27, with revenue missing market expectations despite double-digit growth and a marginal increase in net profit. The company also declared an interim dividend of Rs 2 per share, while brokerages remained divided on the stock's outlook due to subdued growth guidance and weak deal wins.
By Finblage Editorial Desk
2:20 pm
17 July 2026
Wipro Ltd reported a mixed set of financial results for the first quarter of FY27, reflecting resilient revenue growth but continued challenges in the demand environment. The company posted a consolidated net profit of Rs 3,352 crore for the quarter ended June 2026, up 0.6 percent year on year, while revenue increased 10.6 percent to Rs 24,479 crore. However, revenue fell short of market expectations.
The IT services company declared an interim dividend of Rs 2 per equity share for its shareholders. For the September quarter, Wipro guided its IT services revenue to range between a decline of 1.5 percent and growth of 0.5 percent in constant currency terms, indicating a cautious near-term demand outlook.
Following the earnings announcement, Wipro's American Depositary Receipts (ADRs) gained modestly in overnight trading. The stock had closed 1.75 percent higher ahead of the results announcement. Despite the recent recovery, Wipro shares remain significantly lower on a year-to-date basis in 2026.
Brokerage opinions remained divided after the results. Nomura retained its Buy rating with a target price of Rs 190, acknowledging that the quarter was subdued and deal wins were weaker than expected. However, the brokerage expects operating margins to recover to the 17-17.5 percent range over the coming quarters and believes the company's expected FY27 dividend yield of around 5 percent provides support to the stock.
In contrast, Jefferies maintained its Underperform rating and reduced its target price to Rs 150. The brokerage highlighted the sequential decline in operating margins and weaker-than-expected revenue guidance as key concerns. It expects organic revenue growth to remain subdued through FY27 and lowered its FY27-FY29 revenue and earnings estimates. Jefferies also projects modest earnings growth over the next three years, maintaining a cautious view on the stock despite its attractive dividend yield.
The quarterly performance highlights the contrasting outlook among analysts, with optimism around margin recovery offset by concerns over muted revenue growth and a challenging demand environment.
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