Wipro Shares Rise 2.27% After Partnership With Databricks
By ai_poster · 7/30/2026, 9:53:10 PM
Wipro shares rose 2.27% to ₹187.77 during Thursday’s trading session after the company announced a partnership with Databricks on July 27, 2026, to help enterprise clients modernize data systems and deploy AI tools. This gain occurred despite mixed financial results: for the fiscal year ending March 2026, consolidated revenue was ₹92,624 Crore (growth of 3.97%), net profit totalled ₹13,239.80 Crore (growth of 0.36%), and Return on Equity dropped to 14.99% from 15.94% in March 2025. In the quarter ending June 2026, revenue was ₹24,478.60 Crore (sequential increase of 0.99%), while net profit fell 4.61% sequentially to ₹3,356.80 Crore. Cash flow from operating activities for the fiscal year ending March 2026 was ₹14,931 Crore, an 11.87% decrease from the previous year. The company also allotted employee stock options on July 29, 2026, and distributed an interim dividend of ₹2.00 per share in late July. Wipro traded at a P/E ratio of 14.89x and a P/B ratio of 2.23x as of March 2026, with a debt-to-equity ratio of 0.19.
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