Wipro Declares Interim Dividend Of Rs 5 — Check Record Date

Wipro Ltd. announced on Thursday an interim dividend of Rs 5 per equity share with a face value of Rs 2 for the first quarter of fiscal 2026.

The board has fixed July 28 as the record date for the purpose of dividend payment. The company will pay the interim dividend on Aug. 15, it said in an exchange filing.

The total amount to be disbursed as dividend to the stakeholders is approximately Rs 5,241 crore. Retail investors who own up to 3.62% stake will receive a sum total of Rs 189 crore.

The company reported a 7% quarter-on-quarter decline in its consolidated net profit for the first quarter of fiscal 2025. The IT firm reported a bottom line of Rs 3,336 crore in the quarter ended June.

• Revenue down 1.65% to Rs 22,134 crore versus Rs 22,504.2 crore. (Estimate: Rs 22,078 crore).

• EBIT decreased 9.09% to Rs 3,548 crore versus Rs 2,902 crore. (Estimate: Rs 3,783 crore).

• EBIT margin contracted 131 basis points to 16.02% versus 17.3%. (Estimate: 4%).

• Net profit fell 7.02% to Rs 3,336 crore versus Rs 3,588 crore. (Estimate: Rs 3,249 crore).

The stock settled 0.84% lower at Rs 266.6 apiece on the National Stock Exchange before the announcement, compared to a 0.4% decline in the benchmark Nifty. Wipro's shares have fallen 9.07% over the past 12 months and 13.67% on a year-to-date basis.

Out of the 47 analysts tracking the company, nine maintain a 'buy' rating, 14 recommend a 'hold' and 23 suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a downside of 3%.