Wipro tanks over 6 pc as co sees up to 3.5 pc drop in IT services revenue for Q1FY26

Shares of Wipro on Thursday tanked over 6 per cent after the firm warned of a weak quarter ahead with up to 3.5 per cent expected drop in IT services revenue for Q1FY26, amid global uncertainties.

The stock dropped 6.18 per cent to Rs 232.20 on the BSE.

At the NSE, it declined by 6.25 per cent to Rs 232.15.

Wipro on Wednesday reported a 25.9 per cent year-on-year rise in consolidated net profit for the March quarter to Rs 3,569.6 crore, but warned of a weak quarter ahead with up to 3.5 per cent expected drop in IT services revenue for Q1FY26, amid global uncertainties.