Wipro Q1 Results LIVE Updates: Wipro Profit Down 4.3%, Revenue Up 1%, Attrition Rate Rises To 13.9%; Headcount Up Over 800 Employees

Wipro's second quarter IT services growth guidance was in the -1.5% to 0.5% range in constant currency terms.

Wipro Ltd. announced its first quarter results for fiscal 2026-27 (Q4FY26-27) on Thursday and reported that its attrition rate rose 13.9% from 13.8% on a sequential basis.

The information technology (IT) services giant's headcount in the first quarter of FY27 increased by 888 employees to 2.43 lakh  from 2.42 lakh in the previous quarter.

Wipro Ltd. has set a record date of July 27 for its interim dividend of Rs 2 per share.

Wipro Q1FY27 Highlights (QoQ)

• Total Bookings Down 2.4% at $3,370 million (in Constant Currency)
• IT Services Revenue Down 1.4% at $2,615 million
• IT Services Operating Margin at 16% 

Wipro Ltd.'s attrition was at 13.9% on a trailing 12-month basis.

Wipro Ltd.'s outlook for the second quarter of fiscal 2027, includes an expected revenue from its IT Services business segment to be in the range of $2,574 million to $2,627 million (Rs. 24,798 crore to Rs. 25,308 crore).

Wipro Q1FY27 Highlights (Cons, QoQ)

• Net Profit Down 4.3% at Rs. 3,352 crore vs. Rs. 3,502 crore 

• Revenue Up 1% at Rs. 24,479 crore vs. Rs. 24,236 crore 

• Ebit Down 8.4% at Rs. 3,829 crore vs. Rs. 4,181 crore 

• Ebit Margin at 15.6% vs. 17.2%

Wipro Q1 Results Live Updates: Wipro Ltd.'s net profit for the fourth quarter of FY26 went up over 12% sequentially. The IT giant registered a 3% rise in revenue to Rs 24,236 crore, compared to Rs 23,556 crore in Q3 of fiscal 2026.

Wipro clocked a strong 19.7% rise in its earnings before interest and taxes (EBIT) to Rs 4,181 crore, from Rs 3,491 crore in the quarter ended Dec. 31, 2026. EBIT margin jumped to 17.3% from 14.8% in Q3.

Moreover, the company has announced a buyback worth Rs 15,000 crore, which it expects to be completed by the first quarter. The board has approved the buyback at a Rs 250 per share price. 

Wipro Q1 Results Live Updates: The company has also shared the details of its earnings call for investors and analysts following the announcement of Q1FY27 results.

At 7:00 PM IST, following the results announcement, the senior management will discuss the company's performance for the quarter.

“Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the schedule of Earnings Conference Call to be held on July 16, 2026,” it said.

Wipro Share Price Live: Wipro share price trades 2% higher ahead of Q1 earnings. 

Wipro shares last traded 1,615 higher at Rs 177.46 apiece on the NSE. Wipro shares have witnessed a sharp correction in recent months. The stock has gained 1.86% over the last five trading sessions but slipped 0.85% in the past month.

It has declined 32.90% over the last six months, 33.03% on a year-to-date basis and 31.42% over the past one year. The stock touched a 52-week high of Rs 273.10 on December 22, 2025, and a 52-week low of Rs 169 on July 2, 2026, on the NSE.

Wipro Dividend News: D-Street eyes Wipro dividend in Q1

Wipro shared details about the declaration of interim dividend, if any, for the financial year 2026-27 during the upcoming Board meeting. The financial results will be approved by the Board of Directors on July 16, 2026. s

“Pursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the next meeting of the Board of Directors of Wipro Limited (“the Company”) will be held over July 15-16, 2026 for declaration of interim dividend, if any, for the financial year 2026-27,” the filing to the exchanges read.

Wipro Share Price Live: Wipro shares have remained under pressure over the past year.

The stock has declined 33.5% over the past 12 months, compared with a 4.4% fall in the Nifty 50 during the same period.

Although the shares recovered briefly in the past week, Wednesday's decline erased part of those gains.

The stock has traded in a 52-week range of Rs 169 to Rs 273. Wipro's market capitalisation stood at Rs 1,79,981.23 crore at the close of the previous trading session.

READ MORE: Wipro Shares In Focus Ahead Of Q1 Results; Guidance, AI, Wage Hikes And Attrition To Be Watched

Wipro Q1 Results Live Updates: How to trade Wipro shares ahead of Q1 earnings?

The stock has remained under pressure over the past year. Wipro shares have declined 32.15% over the last 12 months, fallen 34.67% so far in 2026 and lost 10.87% during the June quarter, reflecting continued concerns over growth prospects.

Analyst sentiment also remains cautious. According to Bloomberg data, nine analysts have a 'Buy' rating on the stock, 17 recommend 'Hold' and 19 have a 'Sell' rating. The consensus target price implies a potential downside of around 29% from current levels.

READ MORE: Wipro Q1 Results Today: Should You Buy, Sell Or Hold Shares Amid Weak-Quarter Preview?

Wipro Q1 Results Live Updates: CLSA believes effects of AI to play out on margins

• Sees no material change in demand conditions.
• Says competitive intensity remains elevated.
• Believes the effects of AI, macroeconomic conditions and competition continue to play out simultaneously rather than driving a single trend.
• Notes that closure of the Alpha Net acquisition has been delayed after the company had factored a partial-quarter contribution into its guidance.

Wipro Q1 Results Live Updates: Citi expects lower EBIT margin on wage hikes

• Expects IT services revenue to decline 1.4% quarter-on-quarter in constant currency.
• Expects EBIT margin to decline by about 40 basis points due to wage hikes.
• Says the Mindsprint acquisition is not included in its estimates and could add around 65-70 basis points to revenue if completed during the quarter.
• Focus areas include Q2 FY27 guidance, deal total contract value and margin trajectory.

Wipro Q1 Results Live Updates: Jefferies expects lower EBIT margin

• Expects IT services revenue to decline 1.7% quarter-on-quarter in constant currency, near the lower end of guidance, including about 65 basis points of inorganic contribution from Mindsprint.
• Expects EBIT margin to decline by about 25 basis points because of wage hikes and acquisition-related costs, partly offset by rupee depreciation.
• Expects Q2 FY27 guidance of -1% to 1% quarter-on-quarter in constant currency.
• Key monitorables include demand outlook, deal bookings, large deal ramp-up, discretionary spending and AI adoption

Wipro Q1 Results Live Updates: Brokerages broadly expect Wipro's IT services business to remain at the lower end of the company's guidance range as weak discretionary spending and slower conversion of large deals continue to weigh on organic growth. Investors will closely watch Q2 FY27 guidance, the pace of large deal ramp-ups, commentary on client spending and artificial intelligence adoption, as well as the contribution from recent acquisitions.

Wipro Q1 Results Live Updates: Wipro Q1 Preview - Bloomberg Estimates (Consolidated, QoQ)

• Revenue seen 2% higher at Rs 24,730 crore versus Rs 24,236 crore.

• EBIT seen 1% lower at Rs 4,113 crore versus Rs 4,164 crore.

• EBIT Margin seen 16.63% versus 17.18%.

• Profit seen 1% lower at Rs 3,466 crore versus Rs 3,502 crore.

Wipro Q1 Results Live Updates: Wipro Ltd. is expected to report a weaker June quarter, with revenue, operating profit and net profit likely to come under pressure as slower discretionary spending, wage hikes and delayed deal conversion weigh on performance.

Bloomberg estimates suggest that revenue in constant currency terms is expected to grow 1.62% year-on-year and 1.33% quarter-on-quarter. Attrition is estimated at 14.86%, while total headcount is seen at 249,422, with net employee additions of about 18,000.

ALSO READ: Wipro Q1 Preview: Salary Hikes Set To Impact Margin; Guidance, Demand Outlook, AI Spending In Focus

Wipro Q1 Results Live Updates: Heavyweights TCS and HCLTech have declared their June quarter results. Several blue-chip majors such as Tech Mahindra, Jio Financial Services, BHEL and others are set to declare Q1 scorecards today. Following the results, companies will hold earnings calls with investors and analysts to discuss their performance and future plans. Market participants are keeping a close watch on IT heavyweights Wipro and Tech Mahindra to track key indicators such as hiring plans, AI spending, deal wins, dividend announcements, and more. Watch this space for all the action from India Inc earnings reports.

Wipro Q1 Results Live Updates: Hello and welcome to NDTV Profit's live coverage of Wipro Q1 earnings on July 16, 2026! Stay tuned to our live blog as we bring you all major updates on April-June quarter earnings for the current fiscal (Q1FY27) and company announcements throughout the day. India's fourth-largest IT services giant is all set to announce its first quarter results for current fiscal today post-market hours.