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Informist, Thursday, Apr. 16, 2026

 

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--Wipro: Want to maintain margin within narrow band in medium term 
--CONTEXT: Comments by Wipro mgmt in post-earnings concall with analysts 
--Wipro: Have strong deal pipeline, focused on execution going forward 
--Wipro: Clients have not dramatically changed strategy due to West Asia war 
--Wipro: Will accelerate investment in Wipro Intelligence going ahead 

 

By Ashutosh Pati and Anand JC

 

MUMBAI – Wipro Ltd.'s clients in the energy, manufacturing, and resources segment have not dramatically changed their strategies due to the military conflict in West Asia, the company's management told analysts in a post-earnings conference call late Thursday. While some manufacturing clients are looking for ways to secure supply chains, others are keeping a close watch on the input costs and are trying to tighten their budgets in view of the ongoing war.

 

"...I think some of the clients are waiting and watching...they're not dramatically changing their strategy. For example, what they're trying to do, especially in the manufacturing sector...they're looking at how do you secure the supply chain, make it more visible and more dynamic going forward," a top official said.

 

The company aims to maintain its margins in a "narrow band" in the medium term, the management said. They will continue to form strategies and accelerate investments, especially around Wipro Intelligence.

 

Wipro is currently seeing strong traction in the banking, financial services, and insurance segment, and also in the technology and communications segment. It has a strong deal pipeline across sectors and will focus on executing these in the coming months. However, it is facing client-specific issues and delays in ramp-ups in the BFSI sector in Americas-2 region, which includes the entire business in Canada and banking and financial services, energy, manufacturing and resources, capital markets and insurance, and hi-tech sectors in the US.

 

The management said these issues will be fixed going forward. "...the client specific issue that we have seen in one of our clients in Americas 2 has had an impact in both Q4 and Q1, and there won't be a continuing impact of that going forward," they said.

 

Wipro recently signed two large deals which are expected to yield revenue for the company from the middle of the June quarter. The wage hikes Wipro rolled out in March will have an impact in the June quarter, the management said. "...we've already rolled out the wage hikes effective first March. So we will have two months' incremental impact, which will have to be absorbed...in Q1," they added.

 

The company reported a consolidated net profit of INR 35.02 billion for the March quarter, up over 12% sequentially, while marginally missing Street estimates. This marked its first growth in net profit in FY26. The company's revenue for the reporting quarter grew around 3% sequentially and around 8% on year to INR 242.36 billion.

 

Wipro announced its March quarter earnings after market hours Thursday. Shares of the company closed 0.2% higher at INR 210.26 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Deepshikha Bhardwaj

 

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