In a regulatory filing, Wipro stated that the proposal for bonus shares will comply with the Companies Act, 2013, and relevant SEBI regulations. For the June quarter, Wipro reported a 4.6% year-on-year increase in consolidated net profit at ₹3,003.2 crore, although revenue declined by 3.8% to ₹21,963.8 crore. CEO and MD Srini Pallia expressed confidence in improving bookings and achieving profitable growth in Q2 while continuing to advance its AI360 strategy and prepare employees for an AI-centric future.

Wipro's shares closed at ₹528.95 on the BSE, up 0.77% from the previous close. Earlier this month, the company incorporated a wholly-owned subsidiary, Wipro, Inc., to expand its IT consultancy and services business in the U.S., effective September 30, 2024.