WIPRO

Wipro share price & financials

Price
₹180.8
Market cap
₹1.7L Cr
Sector
Information Technology
Calls analysed
7
Latest concall · Q1 FY27 · call held 17 Jul 2026

Wipro Limited Q1 FY27

EPS ₹3.2 +1%

What went well

  • IT services revenue of $2.61 billion, up 0.9% YoY in constant currency.
  • Order booking totaled $3.4 billion, including $1.6 billion from 13 large deals.
  • APMEA revenue grew 13.5% YoY and 4.4% sequentially in constant currency.

What to watch

  • IT services margin declined 1.2% YoY to 16%, impacted by salary increases, large deal ramp-ups, and AI investments.
  • IT services revenue declined 1.2% sequentially in constant currency.
Read the full call →

What Wipro Limited does

Wipro is a global information technology, consulting and business process services company that helps enterprises transform through consulting-led, AI-powered solutions spanning consulting, design, engineering and operations. It earns primarily by delivering IT services to large enterprise clients across industries, organised by geographic Strategic Market Units and capability-based Global Business Lines. The company serves clients across BFSI, Consumer, Technology & Communications, Energy/Manufacturing/Resources and Health sectors from a workforce of over 230,000 people across six continents.

Segments

  • Wipro Consulting
  • Technology Services
  • Wipro Engineering
  • Business Process Services
Employees
233,000+
Countries with operations
65
Continents present
Six
Active global clients
1,282
$100M+ client relationships
17
Engineering-services clients
500+
Founded 1945Headquarters Doddakannelli, Sarjapur Road, Bengaluru, IndiaEmployees 2,33,000 (March 31, 2025) Company website

Guidance record · Q1 FY27

what the last two calls moved 19 tracked 12 delivered 4 missed 3 open
  • IT Services Revenue Growth (CC, QoQ) delivered said Q4 FY26 Promised: -2% to 0% sequential growth Q1 FY27: Actual sequential decline was 1.2% in constant currency, within the guided range of -2% to 0%.
  • Share Buyback went quiet said Q4 FY26 Promised: INR 15,000 crores at INR 250/share, to be completed in Q1 FY27 Q1 FY27: No mention of the buyback's completion in the earnings call or materials. The capital allocation summary for the quarter does not list it.
  • Operating Margins at risk said Q4 FY26 Promised: maintain in a narrow band Q1 FY27: Actual margin was 16.0%, a 130 bps sequential drop from 17.3% and well outside the historical 'narrow band' of 17-17.5%. Management recommitted to the band as a future goal.

All 19 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 10.6%, net profit up 0.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue22,302 22,319 22,504 22,135 22,697 +2%23,556 +6%24,236 +8%24,479 +11%
EBITDA4,503 4,540 4,624 4,233 4,372 −3%4,296 −5%4,909 +6%4,633 +9%
Net profit3,227 3,367 3,588 3,336 3,262 +1%3,145 −7%3,522 −2%3,356 +1%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −34.5% 1Y

₹160₹180₹200₹220₹240₹260₹280Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 16 Oct 2025Q3 FY26 — 16 Jan 2026Q4 FY26 — 16 Apr 2026Q1 FY27 — 17 Jul 2026

1Y: ₹255.75 on 10 Sept 2025 → ₹167.4. High ₹272.67 (22 Dec 2025), low ₹166.3 (10 Sept 2026).

How the price took the results

close before → close after

Q1 FY27
−1.0%
17 Jul
Q4 FY26
+0.2%
16 Apr
Q3 FY26
+2.8%
16 Jan
Q2 FY26
+1.4%
16 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 0.8% a year over 3 years, FY23 to FY26. Operating margin widened to 19.2%.

Year endingFY23FY24FY25FY26
Revenue₹90.5k Cr₹89.8k Cr₹89.1k Cr₹92.6k Cr
Operating profit₹16.8k Cr₹16.8k Cr₹18.0k Cr₹17.8k Cr
Operating margin18.6%18.7%20.2%19.2%
Interest₹1.0k Cr₹1.3k Cr₹1.5k Cr₹1.5k Cr
Depreciation₹3.3k Cr₹3.4k Cr₹3.0k Cr₹2.9k Cr
Net profit₹11.4k Cr₹11.1k Cr₹13.2k Cr₹13.3k Cr
Net margin12.6%12.4%14.8%14.3%
ROCE18.0%17.0%20.0%18.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹1.1k Cr₹1.1k Cr₹1.1k Cr₹1.0k Cr₹2.1k Cr₹2.1k Cr
Reserves₹53.8k Cr₹64.3k Cr₹76.6k Cr₹73.5k Cr₹83.5k Cr₹85.9k Cr
Borrowings₹10.5k Cr₹17.6k Cr₹17.5k Cr₹16.5k Cr₹16.2k Cr₹20.3k Cr
Other liabilities₹17.2k Cr₹24.3k Cr₹21.8k Cr₹23.6k Cr₹28.8k Cr₹32.6k Cr
Total liabilities₹82.6k Cr₹107.3k Cr₹116.9k Cr₹114.6k Cr₹130.6k Cr₹140.9k Cr
Fixed assets₹23.0k Cr₹38.0k Cr₹44.8k Cr₹43.6k Cr₹46.4k Cr₹51.7k Cr
Capital work in progress₹1.9k Cr₹1.6k Cr₹617 Cr₹723 Cr₹268 Cr₹412 Cr
Investments₹18.8k Cr₹26.2k Cr₹33.1k Cr₹33.4k Cr₹42.5k Cr₹46.8k Cr
Other assets₹38.9k Cr₹41.5k Cr₹38.5k Cr₹36.9k Cr₹41.4k Cr₹42.0k Cr
Total assets₹82.6k Cr₹107.3k Cr₹116.9k Cr₹114.6k Cr₹130.6k Cr₹140.9k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs trimmed −2.56 pp while the public added +1.93 pp. The shareholder count grew 24% to 30,41,147.

Promoters
72.6%
FIIs
8.8%
DIIs
5.2%
Public
13.2%
Others
0.1%

Since Jun 2025

  • DIIs −2.56 pp
  • Public +1.93 pp
  • FIIs +0.69 pp

How it drifted, 12 quarters

Over this window DIIs fell from 8.0% to 5.2% — −2.8 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 72.9%, FIIs 6.5%, DIIs 8.0%, Public 12.4%, Others 0.1%.Dec '23: Promoters 72.9%, FIIs 6.7%, DIIs 8.1%, Public 12.2%, Others 0.1%.Mar '24: Promoters 72.9%, FIIs 7.0%, DIIs 8.3%, Public 11.8%, Others 0.1%.Jun '24: Promoters 72.8%, FIIs 7.1%, DIIs 8.3%, Public 11.7%, Others 0.1%.Sep '24: Promoters 72.8%, FIIs 7.3%, DIIs 8.7%, Public 11.1%, Others 0.1%.Dec '24: Promoters 72.8%, FIIs 7.8%, DIIs 8.2%, Public 11.1%, Others 0.1%.Mar '25: Promoters 72.7%, FIIs 8.3%, DIIs 7.5%, Public 11.3%, Others 0.1%.Jun '25: Promoters 72.7%, FIIs 8.2%, DIIs 7.8%, Public 11.3%, Others 0.1%.Sep '25: Promoters 72.7%, FIIs 8.4%, DIIs 7.9%, Public 10.9%, Others 0.1%.Dec '25: Promoters 72.6%, FIIs 8.2%, DIIs 8.4%, Public 10.6%, Others 0.1%.Mar '26: Promoters 72.6%, FIIs 8.3%, DIIs 7.9%, Public 11.1%, Others 0.1%.Jun '26: Promoters 72.6%, FIIs 8.8%, DIIs 5.2%, Public 13.2%, Others 0.1%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Wipro Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Mr Azim Hasham Premji Partner Representing Zash Traders 20.98%unchanged
Mr Azim Hasham Premji Partner Representing Prazim Traders 20.58%unchanged
Mr Azim Hasham Premji Partner Representing Hasham Traders 17.98%unchanged
Azim Premji Trust 6.48%unchanged
Azim H Premji 4.12%unchanged
LICI Index Plus Flexi Smart Growth Fund Insurer2.69%newly disclosed
Jp Morgan Chase Bank, Na 2.29%−0.19 pp
Prazim Trading And Investment Company Pvt Ltd 1.85%unchanged
Azim Premji Philanthropic Initiatives Private Limited 0.26%unchanged
Rishad Azim Premji 0.13%unchanged
Tariq Azim Premji 0.13%unchanged
Yasmeen A Premji 0.05%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in WIPRO

Filings to Aug 2026

1 new, 14 added, 8 trimmed, 0 sold out — net +87.69 L shares (+8.5%).

Held by funds
₹2.1k Cr
26 schemes
Biggest holder
SBI Nifty 50 ETF
₹969 Cr · 0.5% of that fund
SchemeHoldingLast month
SBI Nifty 50 ETF SBI Mutual Fund₹969 Cr+2.76 L
Nippon India ETF Nifty 50 BeES Nippon India Mutual Fund₹304 Cr+3.31 L
SBI Large and Midcap Fund SBI Mutual Fund₹234 Crheld
Nippon India ETF Nifty IT Nippon India Mutual Fund₹193 Cr−2.96 L
SBI Balanced Advantage Fund SBI Mutual Fund₹155 Crnew
SBI Nifty Index Fund SBI Mutual Fund₹63 Cr+0.12 L
SBI Multi Asset Allocation Fund SBI Mutual Fund₹55 Crheld
SBI Nifty50 Equal Weight Index Fund SBI Mutual Fund₹22 Cr−0.04 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

14 added, 8 trimmed — net +87.69 L shares (+8.5%)

Funds are sitting on
-28%
vs est. average cost
Held by funds
₹2.1k Cr
26 schemes · ≈ 1.2% of the company
Biggest holder
SBI Nifty 50 ETF
₹969 Cr · 0.5% of that fund
Longest holder
Nippon India Index Fund - Nifty 50 Plan
13y · since Sep '13

Shares held by these funds −23%

Aug '23 10.29 cr shares Jul '26

What the price assumes

Fair

To justify its price of ₹167, this stock must grow earnings at 7% every year for 7 years. Our analysis caps realistic growth at ~7%. At that growth it is worth ₹164 — downside of 2%.

Growth the price implies
7.2% a year
for 7 years, fading to 4%
It has actually compounded at
5.3% a year
net profit, FY23–FY26 · EPS 6.8%
The gap
0.0 pp
-2% downside if it only repeats history
Price today ₹167.4 Value at the reference growth ₹164.05

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Wipro Limited

Guides on how to read this kind of business and the numbers that matter.