Wipro Q2 Results: Net profit declines 2% YoY to Rs 3,201 crore, but revenue rises 9%

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Wipro Q2 Results

Revenue from the IT services segment increased 0.3% year-on-year to $2,611.5 million.

IT services segment revenue, in non-GAAP constant currency terms, rose 0.6% year-on-year, while it remained flat sequentially.

Total bookings stood at $2,595 million, down 22.9% sequentially in constant currency terms. Large deal bookings declined 58.6% quarter-on-quarter in constant currency terms to $674 million.

The IT services operating margin stood at 16.5% in Q2FY27, down 0.2 percentage points year-on-year, while it expanded 0.5 percentage points sequentially.

Earnings per share rose 4.2% year-on-year to Rs 3.23 in Q2FY27. On a quarter-on-quarter basis, EPS rose 0.9%.

Operating cash flows stood at Rs 5,300 crore, up 61.3% sequentially, and amounted to 165.8% of net profit for the quarter.

Voluntary attrition stood at 13.8% on a trailing 12-month basis.

Wipro Q3FY27 outlook

For Q3FY27, Wipro expects revenue from its IT services business to range between $2,571 million and $2,625 million, implying sequential growth of -1.5% to 0.5% in constant currency terms.

Srini Pallia, CEO and Managing Director of Wipro, said the company’s strategic investments were beginning to deliver results by helping it win new markets, add clients and expand existing relationships.

He added that the company’s consulting-led, AI-powered strategy was creating larger transformation opportunities, with artificial intelligence expected to be a long-term growth driver for technology and business transformation.

Aparna Iyer, Chief Financial Officer of Wipro, said the company expanded its operating margin by 0.5 percentage points sequentially to 16.5% despite continued investments in its business and workforce.

She added that operating cash flow remained robust at 166% of net profit in Q2FY27.

Wipro share price

Wipro shares ended Thursday’s trading session at Rs 174.05 apiece, up 1.82% from the previous close of Rs 170.92, according to NSE data.

Year-to-date, the stock has declined nearly 35%, according to NSE data.

At the current market price, Wipro’s total market capitalisation stood at Rs 1,72,402 crore.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here