Wipro shares in focus after Q1 margins, revenue dip; Q2 guidance falls short of estimates

Wipro shares are in focus after the company reported its first-quarter earnings for the current financial year. The company’s net profit remained flat on a yearly basis, with IT revenue (in constant currency) slipping quarter-on-quarter.

Wipro Q1 highlights

The company reported a consolidated net profit of Rs 3,352 crore for Q1FY27, which was almost flat compared to Rs 3,330 crore posted in the same quarter a year back, up 0.6% year-over-year. Its consolidated revenue surged 10.6% YoY to Rs 24,479 crore.