Wipro Q2 Results: Net Profit Falls 2% YoY to Rs 3,200 Crore; Revenue Rises 9%

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.

Updated: 15 Oct 2026 • 5:15 pm

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Wipro Q2 Results: Net Profit Falls 2% YoY to Rs 3,200 Crore; Revenue Rises 9%

Quick Answer

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.

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.

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.

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Table of Contents

Wipro Q2 FY27 Results at a Glance

Metric	Q2 FY27	Q2 FY26	Change
Revenue from operations	Rs 24,752.7 crore	Rs 22,697.3 crore	Up 9.06% YoY; up 1.12% QoQ
IT services revenue	Rs 24,667 crore	Not found	Main contributor to revenue
Consolidated net profit	Rs 3,199.7 crore	Rs 3,262.4 crore	Down 1.9% YoY; down about 4.7% QoQ
Net profit margin (my calculation)	About 12.9%	About 14.4%	Down about 1.4 points

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'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.

Risk: 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.

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Wipro Q2: Half Year and Sequential Trend

Period	Revenue	Net profit
Q1 FY27 (my calculation from H1 less Q2)	About Rs 24,478.6 crore	About Rs 3,356.3 crore
Q2 FY27	Rs 24,752.7 crore	Rs 3,199.7 crore
H1 FY27	Rs 49,231.3 crore	Rs 6,556 crore
H1 FY26	Rs 44,831.9 crore	Rs 6,598.9 crore

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.

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.

Risk: 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.

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Wipro Q2 vs Guidance and Brokerage Previews

Item	What was expected	What I found
Q2 IT services revenue guidance (June)	$2,574 million to $2,627 million, or -1.5% to +0.5% in constant currency	Actual dollar revenue not found
Revenue growth YoY	About 9% (brokerage previews)	9.06% reported
Profit change YoY	About 2% (brokerage previews, direction unclear in the headline)	Down 1.9% reported
IT services revenue QoQ	-0.5% to -1.4% in constant currency (Motilal Oswal, JM Financial, Jefferies, Nuvama, Emkay)	Not found
IT services margin	Up 20 to 50 bps (Emkay, Motilal Oswal, Jefferies, Nuvama)	Not found
Q3 guidance	-2% to 0% (Emkay, Nuvama); -1.5% to +0.5% (Jefferies)	Not found

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%.

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's earnings release.

Risk: A weak Q3 guidance can move the stock more than the Q2 numbers, as happened in past quarters.

Wipro Share Price and Buyback Note

Item	Detail
Share price before results	About Rs 170.35 on NSE at 1:05 pm on 14 Oct 2026, up 1.35%
Share price reaction to results	Not found at the time of writing
Buyback in the result note	600 million shares at Rs 250 each, a cash outflow of Rs 15,050.8 crore, cutting paid-up equity by Rs 120 crore
Auditor opinion	Unmodified, from Deloitte Haskins and Sells LLP

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.

Risk: I do not have the share price reaction to the Wipro Q2 result, so check the live price before acting.

What to Watch Next After Wipro Q2

The Q3 FY27 revenue guidance in constant currency
IT services operating margin against 16.0% in Q1
Large deal bookings against 1,626 million dollars in Q1
Attrition against 13.9% in Q1
Brokerage target price changes after the results

Conclusion

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.

Disclaimer: 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).