Wipro, Jio Financial Set to Report Indian Q1 Results
Around 40 Indian companies including IT outsourcers Wipro and Tech Mahindra report quarterly earnings today, offering investors critical signals on technology demand and financial sector scalability.
Roughly 40 Indian companies are set to release earnings for the quarter ending 30 June 2026 on Thursday, 16 July. The reporting batch includes major technology outsourcers Wipro and Tech Mahindra, alongside Jio Financial Services, Bharat Heavy Electricals, ITC Hotels, and Piramal Finance.
The releases arrive as Indian equities hover near recent levels. On Wednesday, the BSE Sensex rose 130.49 points, or 0.17%, to close at 77,185.43, while the Nifty 50 added 26.45 points, or 0.11%, to finish at 24,078.50. The marginal gains were driven by favourable global cues and selective sector buying.
For the IT sector, the results will test whether recent deal pipelines are translating into revenue amid persistent cost pressures. Brokerage Axis Direct forecasts Wipro’s revenue will grow 1% quarter-on-quarter. This growth relies on contributions from the Harman acquisition to offset delayed deal ramp-ups and client-specific headwinds. The firm expects EBIT margins to contract by 84 basis points due to wage hikes and increased artificial intelligence investments.
Tech Mahindra is projected to post a stronger 2.4% quarterly revenue increase. Axis Direct attributes this to the ramp-up of a large telecom deal and steady demand from the banking, financial services, and insurance and manufacturing sectors. EBIT margins should stay flat, as cost optimisation and currency tailwinds counter higher investments. Investors are focused on new deal wins and the financial impact of AI adoption.
Outside of technology, Jio Financial Services will provide a window into India’s evolving digital finance landscape. Seema Srivastava, Senior Research Analyst at SMC Global Securities, anticipates healthy results supported by an expanding customer base and higher fee-based income from payments, asset management, and insurance.
The lending arm remains in an investment phase. However, Srivastava noted that profitability should gradually improve through operating leverage and disciplined cost management. “Investors will closely monitor the pace of customer acquisition, growth across the asset management, payments, insurance and lending businesses, as well as progress in scaling the company's integrated financial services ecosystem,” she said. Market participants will also scrutinise commentary on the Jio BlackRock joint venture and the broader roadmap for monetising the platform.
