Wipro Shares Jump Over 4% After Q1 Profit Rises On Strong Deal Wins
Wipro shares surged over 4% after the IT major reported a 9.8% rise in Q1 FY26 net profit to ₹3,336.5 crore, driven by robust deal wins. Total bookings rose 50.7% YoY to $4.97 billion, with large deals jumping 130.8%. Revenue rose slightly to ₹22,134.6 crore, though both profit and revenue dipped sequentially.
Image: Wipro (Representative)
Shares of IT services firm Wipro climbed over 4 percent on Friday morning trade after it posted a 9.8 percent increase in consolidated net profit for the April-June quarter.
Cheering the results, the stock rallied 4.43 per cent to Rs 271.80 on the BSE.At the NSE, it jumped 4.33 percent to Rs 271.90.India's fourth-largest IT services firm Wipro on Thursday posted a 9.8 per cent increase in consolidated net profit to Rs 3,336.5 crore for the April-June period, buoyed by strong deal wins.
The Bengaluru-headquartered firm had logged a net profit of Rs 3,036.6 crore in the year-ago period, according to a regulatory filing.Revenue from operations in the first quarter of FY26 was marginally higher at Rs 22,134.6 crore compared to Rs 21,963.8 crore in Q1 FY25.Sequentially, profit and revenue declined 7 per \cent and 1.6 per cent, respectively.
Total bookings during the quarter under review stood at USD 4,971 million, up 50.7 per cent year-on-year in constant currency.Large deal bookings brought in USD 2,666 million, an increase of 130.8 per cent year-on-year in constant currency.
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