Wipro Shares Surge on Strong Q1 Results: A Closer Look

Wipro's shares rose over 4% following a significant earnings report for the April-June quarter. The IT giant reported a 9.8% rise in consolidated net profit, driven by strong deal wins, despite a slight decline in quarterly revenue and profit compared to the previous quarter.

Shares of IT services firm Wipro surged by over 4% in Friday morning trading, following an impressive earnings performance for the April-June quarter. The Bengaluru-based company announced a 9.8% increase in consolidated net profit, amounting to Rs 3,336.5 crore, buoyed by robust deal wins.

In a regulatory filing, Wipro stated it had achieved net profit growth compared to the same period last year, when net profit stood at Rs 3,036.6 crore. Despite the positive results, revenue from operations for the first quarter of FY26 was only slightly higher than the previous year's corresponding period, up marginally to Rs 22,134.6 crore.

Total bookings during the quarter showed marked improvement, rising by 50.7% year-on-year. Notable was the increase in large deal bookings, which surged 130.8% to USD 2,666 million in constant currency terms, highlighting Wipro's strong performance in securing substantial contracts.

(With inputs from agencies.)