Vipro's operating margin slips to 16% in June quarter FY27

In the first quarter of FY27, Vipro’s operating margin for its IT services segment registered 16%, a decline of 1.3 percentage points from the prior quarter and 1.2 points compared with the same period last year. The margin contraction accompanied a modest 1% rise in gross revenue to Rs 24,480 crore and a 4.7% fall in net profit to Rs 3,352 crore. Operating cash flow improved by 3.6% to Rs 3,290 crore, representing 98% of net earnings. The company’s voluntary attrition rate over the past year was 13.9%.