{"id":311411,"date":"2026-10-15T17:15:29","date_gmt":"2026-10-15T11:45:29","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=311411"},"modified":"2026-10-15T17:15:29","modified_gmt":"2026-10-15T11:45:29","slug":"wipro-q2-results-net-profit-falls-2-percent-yoy-to-rs-3200-crore-revenue-rises-9-percent","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/wipro-q2-results-net-profit-falls-2-percent-yoy-to-rs-3200-crore-revenue-rises-9-percent\/","title":{"rendered":"Wipro Q2 Results: Net Profit Falls 2% YoY to Rs 3,200 Crore; Revenue Rises 9%"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Wipro Q2 FY27 results on 15 Oct 2026: revenue from operations of Rs 24,752.7 crore, up 9.06% YoY and 1.12% QoQ. Consolidated net profit of Rs 3,199.7 crore, down 1.9% YoY and about 4.7% QoQ. H1 FY27 revenue is Rs 49,231.3 crore and H1 profit is Rs 6,556 crore. I could not find the IT services margin, dollar growth or Q3 guidance in my sources, so those are flagged.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Wipro Q2 FY27 revenue from operations was Rs 24,752.7 crore, up 9.06% from Rs 22,697.3 crore a year ago and up 1.12% from the June quarter. Consolidated net profit was Rs 3,199.7 crore, down 1.9% year on year from Rs 3,262.4 crore and about 4.7% lower than the June quarter, which is why some outlets lead with a fall of 4.5% to 4.7% QoQ. Wipro Q2 revenue growth matched brokerage previews of about 9%, but profit growth did not hold, and the profit margin on revenue fell to about 12.9% from about 14.4% a year ago (my calculation). I could not find the IT services operating margin, dollar revenue growth or the Q3 guidance, and those three items will decide the share price reaction.<\/p>\n<\/p><\/div>\n<p>Wipro Q2 results came on Thursday 15 October 2026, a day after the stock traded near Rs 170. Revenue rose, but profit slipped, so the headline reads as mixed.<\/p>\n<p>This article explains the Wipro Q2 numbers, compares them with the June quarter and brokerage previews, lists what the company guided for in Q2 and flags what I could not verify. It is not a recommendation to buy or sell.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=wipro-q2-results-net-profit-falls-2-percent-yoy-to-rs-3200-crore-revenue-rises-9-percent\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/wipro-q2-results-net-profit-falls-2-percent-yoy-to-rs-3200-crore-revenue-rises-9-percent\/#Wipro_Q2_FY27_Results_at_a_Glance\" title=\"Wipro Q2 FY27 Results at a Glance\">Wipro Q2 FY27 Results at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/wipro-q2-results-net-profit-falls-2-percent-yoy-to-rs-3200-crore-revenue-rises-9-percent\/#Wipro_Q2_Half_Year_and_Sequential_Trend\" title=\"Wipro Q2: Half Year and Sequential Trend\">Wipro Q2: Half Year and Sequential Trend<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/wipro-q2-results-net-profit-falls-2-percent-yoy-to-rs-3200-crore-revenue-rises-9-percent\/#Wipro_Q2_vs_Guidance_and_Brokerage_Previews\" title=\"Wipro Q2 vs Guidance and Brokerage Previews\">Wipro Q2 vs Guidance and Brokerage Previews<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/wipro-q2-results-net-profit-falls-2-percent-yoy-to-rs-3200-crore-revenue-rises-9-percent\/#Wipro_Share_Price_and_Buyback_Note\" title=\"Wipro Share Price and Buyback Note\">Wipro Share Price and Buyback Note<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/wipro-q2-results-net-profit-falls-2-percent-yoy-to-rs-3200-crore-revenue-rises-9-percent\/#What_to_Watch_Next_After_Wipro_Q2\" title=\"What to Watch Next After Wipro Q2\">What to Watch Next After Wipro Q2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/wipro-q2-results-net-profit-falls-2-percent-yoy-to-rs-3200-crore-revenue-rises-9-percent\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/wipro-q2-results-net-profit-falls-2-percent-yoy-to-rs-3200-crore-revenue-rises-9-percent\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/wipro-q2-results-net-profit-falls-2-percent-yoy-to-rs-3200-crore-revenue-rises-9-percent\/#What_were_the_Wipro_Q2_FY27_results\" title=\"What were the Wipro Q2 FY27 results?\">What were the Wipro Q2 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/wipro-q2-results-net-profit-falls-2-percent-yoy-to-rs-3200-crore-revenue-rises-9-percent\/#Why_do_some_reports_say_Wipro_profit_fell_45\" title=\"Why do some reports say Wipro profit fell 4.5%?\">Why do some reports say Wipro profit fell 4.5%?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/wipro-q2-results-net-profit-falls-2-percent-yoy-to-rs-3200-crore-revenue-rises-9-percent\/#What_was_Wipro_Q2_revenue_growth_QoQ\" title=\"What was Wipro Q2 revenue growth QoQ?\">What was Wipro Q2 revenue growth QoQ?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/wipro-q2-results-net-profit-falls-2-percent-yoy-to-rs-3200-crore-revenue-rises-9-percent\/#What_was_the_Wipro_Q2_guidance\" title=\"What was the Wipro Q2 guidance?\">What was the Wipro Q2 guidance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/wipro-q2-results-net-profit-falls-2-percent-yoy-to-rs-3200-crore-revenue-rises-9-percent\/#What_is_the_Wipro_Q3_guidance\" title=\"What is the Wipro Q3 guidance?\">What is the Wipro Q3 guidance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/wipro-q2-results-net-profit-falls-2-percent-yoy-to-rs-3200-crore-revenue-rises-9-percent\/#What_was_Wipros_H1_FY27_profit\" title=\"What was Wipro&#8217;s H1 FY27 profit?\">What was Wipro&#8217;s H1 FY27 profit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/wipro-q2-results-net-profit-falls-2-percent-yoy-to-rs-3200-crore-revenue-rises-9-percent\/#What_was_the_Wipro_share_price_before_the_Wipro_Q2_results\" title=\"What was the Wipro share price before the Wipro Q2 results?\">What was the Wipro share price before the Wipro Q2 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/wipro-q2-results-net-profit-falls-2-percent-yoy-to-rs-3200-crore-revenue-rises-9-percent\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Wipro_Q2_FY27_Results_at_a_Glance\"><\/span><strong>Wipro Q2 FY27 Results at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY26<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Change<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue from operations<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 24,752.7 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 22,697.3 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 9.06% YoY; up 1.12% QoQ<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IT services revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 24,667 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not found<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Main contributor to revenue<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Consolidated net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,199.7 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,262.4 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 1.9% YoY; down about 4.7% QoQ<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit margin (my calculation)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 12.9%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 14.4%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down about 1.4 points<\/td>\n<\/tr>\n<\/table>\n<p>Some data sites quote Wipro Q2 net profit as Rs 3,200.6 crore and others as Rs 3,201 crore, so the figure varies by about Rs 1 crore. I use Rs 3,199.7 crore from the filed result. The headline&#8217;s 2% is the YoY fall, and the 4.5% to 4.7% in other reports is the QoQ fall. The net margin of about 12.9% is a simple ratio of profit to revenue (my calculation), and it is not the IT services operating margin that the company reports.<\/p>\n<p><strong>Risk:<\/strong> Wipro Q2 revenue growth of 9% looks strong, but part of it may come from acquisitions, and I could not find the organic growth rate.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Screen IT stocks on the Univest Screener<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Wipro_Q2_Half_Year_and_Sequential_Trend\"><\/span><strong>Wipro Q2: Half Year and Sequential Trend<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Period<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Revenue<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Net profit<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q1 FY27 (my calculation from H1 less Q2)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 24,478.6 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 3,356.3 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q2 FY27<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 24,752.7 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,199.7 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">H1 FY27<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 49,231.3 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 6,556 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">H1 FY26<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 44,831.9 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 6,598.9 crore<\/td>\n<\/tr>\n<\/table>\n<p>H1 FY27 revenue is about 9.8% above H1 FY26 and H1 profit is about 0.65% below it (my calculations). That is a business growing on the top line but not yet at the bottom line, and the gap is the margin.<\/p>\n<p>In the June quarter, IT services revenue was 2,614.5 million dollars, down 1.4% QoQ, with an IT services operating margin of 16.0%, down 1.3 points QoQ. Large deal bookings were 1,626 million dollars, with 13 large deals, and attrition was 13.9%. That sets the base for Wipro Q2.<\/p>\n<p><strong>Risk:<\/strong> At Wipro Q2, a fall in profit while revenue rises usually means higher costs or lower margin, and the filed numbers alone do not show which.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track IT stocks and set price alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Wipro_Q2_vs_Guidance_and_Brokerage_Previews\"><\/span><strong>Wipro Q2 vs Guidance and Brokerage Previews<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What was expected<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What I found<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q2 IT services revenue guidance (June)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$2,574 million to $2,627 million, or -1.5% to +0.5% in constant currency<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Actual dollar revenue not found<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue growth YoY<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 9% (brokerage previews)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">9.06% reported<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit change YoY<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 2% (brokerage previews, direction unclear in the headline)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 1.9% reported<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IT services revenue QoQ<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">-0.5% to -1.4% in constant currency (Motilal Oswal, JM Financial, Jefferies, Nuvama, Emkay)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not found<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IT services margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 20 to 50 bps (Emkay, Motilal Oswal, Jefferies, Nuvama)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not found<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q3 guidance<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">-2% to 0% (Emkay, Nuvama); -1.5% to +0.5% (Jefferies)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not found<\/td>\n<\/tr>\n<\/table>\n<p>For Wipro Q2, brokerages expected IT services revenue to fall slightly QoQ in constant currency, so the reported rupee revenue rise of 1.12% may reflect the currency and acquisitions. Motilal Oswal expected the IT services margin to rise 40 bps to 16.4%.<\/p>\n<p>The Q3 guidance is the most important number in any Wipro Q2 result, because it sets the revenue range for the December quarter. I could not find it in the sources I reached, so check Wipro&#8217;s earnings release.<\/p>\n<p><strong>Risk:<\/strong> A weak Q3 guidance can move the stock more than the Q2 numbers, as happened in past quarters.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Wipro_Share_Price_and_Buyback_Note\"><\/span><strong>Wipro Share Price and Buyback Note<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Share price before results<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 170.35 on NSE at 1:05 pm on 14 Oct 2026, up 1.35%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Share price reaction to results<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not found at the time of writing<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buyback in the result note<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">600 million shares at Rs 250 each, a cash outflow of Rs 15,050.8 crore, cutting paid-up equity by Rs 120 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Auditor opinion<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Unmodified, from Deloitte Haskins and Sells LLP<\/td>\n<\/tr>\n<\/table>\n<p>The buyback appears in the notes to the results, and I could not confirm when it was completed. At Rs 250 it was about 47% above the Rs 170.35 price on 14 October (my calculation), so it is a past event and not a guide to the current price.<\/p>\n<p><strong>Risk:<\/strong> I do not have the share price reaction to the Wipro Q2 result, so check the live price before acting.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_After_Wipro_Q2\"><\/span><strong>What to Watch Next After Wipro Q2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>The Q3 FY27 revenue guidance in constant currency<\/li>\n<li>IT services operating margin against 16.0% in Q1<\/li>\n<li>Large deal bookings against 1,626 million dollars in Q1<\/li>\n<li>Attrition against 13.9% in Q1<\/li>\n<li>Brokerage target price changes after the results<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Wipro Q2 shows revenue up 9% but profit down about 2% YoY, with the net margin down about 1.4 points. The dollar growth, IT services margin and Q3 guidance will decide the view on Wipro Q2, so read the earnings release before you act.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_Wipro_Q2_FY27_results\"><\/span><strong>What were the Wipro Q2 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue from operations was Rs 24,752.7 crore, up 9.06% YoY, and consolidated net profit was Rs 3,199.7 crore, down 1.9% YoY.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_some_reports_say_Wipro_profit_fell_45\"><\/span><strong>Why do some reports say Wipro profit fell 4.5%?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Those reports compare with the June quarter. Net profit fell about 4.7% QoQ, while the YoY fall is 1.9%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_Wipro_Q2_revenue_growth_QoQ\"><\/span><strong>What was Wipro Q2 revenue growth QoQ?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue from operations rose 1.12% from the June quarter in rupees. I could not find the constant currency IT services growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_the_Wipro_Q2_guidance\"><\/span><strong>What was the Wipro Q2 guidance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In June it guided IT services revenue of 2,574 million to 2,627 million dollars, or -1.5% to +0.5% in constant currency.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Wipro_Q3_guidance\"><\/span><strong>What is the Wipro Q3 guidance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> I could not find it in the sources I reached. Brokerages expected a range of about -2% to +0.5%, so check the earnings release.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_Wipros_H1_FY27_profit\"><\/span><strong>What was Wipro&#8217;s H1 FY27 profit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> H1 FY27 net profit was Rs 6,556 crore against Rs 6,598.9 crore in H1 FY26, and H1 revenue was Rs 49,231.3 crore against Rs 44,831.9 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_the_Wipro_share_price_before_the_Wipro_Q2_results\"><\/span><strong>What was the Wipro share price before the Wipro Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It traded at about Rs 170.35 on NSE at 1:05 pm on 14 October 2026, up 1.35%. I did not find the reaction after the results.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What were the Wipro Q2 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue from operations was Rs 24,752.7 crore, up 9.06% YoY, and consolidated net profit was Rs 3,199.7 crore, down 1.9% YoY.\"}},{\"@type\":\"Question\",\"name\":\"Why do some reports say Wipro profit fell 4.5%?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Those reports compare with the June quarter. Net profit fell about 4.7% QoQ, while the YoY fall is 1.9%.\"}},{\"@type\":\"Question\",\"name\":\"What was Wipro Q2 revenue growth QoQ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue from operations rose 1.12% from the June quarter in rupees. I could not find the constant currency IT services growth.\"}},{\"@type\":\"Question\",\"name\":\"What was the Wipro Q2 guidance?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In June it guided IT services revenue of 2,574 million to 2,627 million dollars, or -1.5% to +0.5% in constant currency.\"}},{\"@type\":\"Question\",\"name\":\"What is the Wipro Q3 guidance?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"I could not find it in the sources I reached. Brokerages expected a range of about -2% to +0.5%, so check the earnings release.\"}},{\"@type\":\"Question\",\"name\":\"What was Wipro's H1 FY27 profit?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"H1 FY27 net profit was Rs 6,556 crore against Rs 6,598.9 crore in H1 FY26, and H1 revenue was Rs 49,231.3 crore against Rs 44,831.9 crore.\"}},{\"@type\":\"Question\",\"name\":\"What was the Wipro share price before the Wipro Q2 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It traded at about Rs 170.35 on NSE at 1:05 pm on 14 October 2026, up 1.35%. I did not find the reaction after the results.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Wipro Q2 FY27: revenue up 9.06% to Rs 24,752.7 crore, net profit down 1.9% to Rs 3,199.7 crore. See QoQ trends, guidance and what to watch.<\/p>\n","protected":false},"author":28,"featured_media":311410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[1133,12538,12537,12539,242],"class_list":["post-311411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-it-stocks","tag-wipro-net-profit","tag-wipro-q2-results","tag-wipro-revenue","tag-wipro-share-price"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["311410"],"rank_math_title":["Wipro Q2 FY27 Results: Profit Slips 2%, Revenue Up 9%"],"rank_math_description":["Wipro Q2 FY27: revenue rose 9.06% to Rs 24,752.7 crore while net profit fell 1.9% to Rs 3,199.7 crore. See QoQ trends, brokerage estimates and what to check next."],"rank_math_focus_keyword":["Wipro Q2"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/wipro-q2-results-net-profit-falls-2-yoy-to-rs-3-200-crore-revenue-rises-9.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/311411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=311411"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/311411\/revisions"}],"predecessor-version":[{"id":311412,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/311411\/revisions\/311412"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/311410"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=311411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=311411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=311411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}