Wipro Q1 Results on 16 July: Dividend, Expectations, Preview

Wipro Q1 Results on 16 July: Dividend on Cards, Margins Under Pressure. Check Date, Time, Brokerage Expectations and Key Things to Watch

IT services major Wipro is set to announce its first quarter results for FY2027 (Q1 FY27) on Thursday, 16 July 2026, after market hours (post 3:30 PM). Along with the results, the company’s board may also recommend an interim dividend for shareholders, according to an exchange filing. Brokerages broadly expect muted revenue growth and a squeeze on margins due to wage hikes, delayed deal ramp ups and continued investments in AI. Here is the full preview.

Wipro Q1 Results Date, Time and Dividend

Wipro will report its Q1 FY27 earnings on Thursday, 16 July 2026, after the market closes at 3:30 PM. As per the company’s exchange filing, the board will also consider an interim dividend at the same meeting, making it a double trigger for the stock.

The quarter is expected to be a soft one for the entire IT pack, and for Wipro specifically, three headwinds dominate the brokerage commentary: wage hikes, delayed ramp up of large deals, and sustained spending on AI platforms.

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ICICI Securities Sees 210 bps Margin Contraction

ICICI Securities expects Wipro’s IT Services revenue to fall 0.4% quarter on quarter in constant currency terms, which translates to a 1.3% QoQ decline in organic USD revenue.

On the positive side, the brokerage sees three growth supports for the quarter. The ramp up of the Olam deal, which carries a total contract value of $1 billion over 8 years, is aiding the retail vertical. The consolidation of Mindsprint and Alpha Net Consulting for 1.5 months adds a contribution of about 0.8%. And healthy revenue growth in the Harman acquisition is helping accelerate the technology and communication vertical. These tailwinds, however, could be offset by client specific issues and delays in large deal ramp ups.

In absolute numbers, ICICI Securities pegs IT Services revenue at $2,638 million and consolidated revenue at $2,666 million. It expects the EBIT margin to contract by 210 basis points QoQ to 15.1%, hurt by a two month impact of wage hikes, higher competitive intensity, and depreciation charges from acquisitions, partly offset by currency tailwinds. The brokerage estimates adjusted net profit at Rs 3,192.1 crore.

Yes Securities: Margins May Slip to 16.4%

Yes Securities has echoed a similar view. It expects revenue to decline 0.2% QoQ in constant currency owing to delayed revenue conversions. The brokerage sees margins declining to 16.4% in the June quarter, weighed down by the full quarter impact of wage hikes and continued investments in AI-native platforms.

Mirae Asset Sharekhan: Profit Seen Down 4.6% QoQ

Mirae Asset Sharekhan expects Wipro to report revenue of Rs. 24,947 crore for the June quarter, up 12.7% YoY and 2.9% sequentially. However, adjusted net profit is seen falling 4.6% quarter on quarter to Rs. 3,341 crore, that would be roughly flat year on year (YoY).

The brokerage expects margins to decline by 84 basis points QoQ to 16.3%, hit by wage hikes, ramp up of lower-margin deals and continued AI investments.

Wipro Q2 Guidance: Muted Outlook Likely

Guidance may matter more than the quarter itself. As per Mirae Asset Sharekhan, Wipro’s revenue guidance for the September quarter (Q2 FY27) is likely to be a muted -1% to +1% quarter on quarter, highlighting the lack of near-term momentum across the IT sector. A guidance surprise in either direction could set the stock’s tone for the rest of the quarter.

Key Monitorables: What to Watch Beyond Numbers

According to Axis Securities, investors should focus on four things in the management commentary: the outlook on the European business, updates on acquisitions, the pace of new deal wins, and the overall management guidance for FY27. Any color on how AI investments are converting into revenue will also be closely tracked.

Frequently Asked Questions

Q1. When will Wipro announce its Q1 FY27 results?

Wipro will announce its Q1 FY27 results on Thursday, 16 July 2026, after market hours (post 3:30 PM).

Q2. Will Wipro declare a dividend with its Q1 results?

Yes, according to an exchange filing, Wipro’s board may consider recommending an interim dividend for shareholders along with the Q1 results.

Q3. What is the brokerage estimate for Wipro’s Q1 profit?

ICICI Securities pegs adjusted net profit at about Rs. 3,192 crore, while Mirae Asset Sharekhan estimates Rs. 3,341 crore, down 4.6% QoQ and roughly flat YoY.

Q4. Why are Wipro’s margins expected to fall in Q1 FY27?

Brokerages cite wage hikes, delayed ramp up of large deals, higher competitive intensity, acquisition-related depreciation costs ,and continued investments in AI platforms. ICICI Securities sees EBIT margin contracting 210 bps to 15.1%, while Sharekhan expects 16.3%.

Q5. What revenue is Wipro expected to report in Q1?

ICICI Securities estimates consolidated revenue of $2,666 million (IT Services at $2,638 million), while Mirae Asset Sharekhan expects Rs. 24,947 crore, up 12.7% YoY.

Q6. What guidance is Wipro likely to give for Q2 FY27?

Mirae Asset Sharekhan expects muted revenue guidance of -1% to +1% quarter-on-quarter for the September quarter.