Now Reading: Wipro Q2 net profit falls 1.4%, revenue rises 9%
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Wipro Q2 net profit falls 1.4%, revenue rises 9%
Wipro reported a consolidated net profit of ₹3,200.6 crore for the September quarter of FY27, down 1.4% year-on-year from ₹3,246.2 crore. Revenue from operations rose 9.1% to ₹24,752.7 crore. The IT services operating margin stood at 16.5%, up 0.5 percentage points sequentially but down 0.2 percentage points from a year ago.
In dollar terms, IT services revenue was $2.61 billion, flat sequentially and up 0.3% year-on-year. Total bookings fell 22.9% sequentially to $2.595 billion on a constant-currency basis, while large-deal bookings dropped 58.6% to $674 million. For the December quarter, Wipro expects IT services revenue to range between $2.571 billion and $2.625 billion, implying sequential growth of -1.5% to 0.5% in constant currency terms.
Indian Opinion Analysis
All seven sources reported Wipro’s Q2 numbers in near-identical terms: net profit down between 1.4% and 1.9% year-on-year, revenue up about 9%, and an IT services margin of 16.5%. Business Standard and The Hindu Business Line led with the 1.4% profit drop, Fortune India and Livemint led with 1.9%. The only framing difference was emphasis: CNBC-TV18’s two articles focused on the Q3 guidance range of -1.5% to 0.5% and the ADR reaction, while the broader set centred on the profit decline. The uniform straight reporting across outlets leaves the key watch-item as the December-quarter revenue outcome, which Wipro has guided at between a 1.5% fall and a 0.5% rise in constant currency terms.
Coverage: 7 sources, 7 neutral
Sources (7): business-standard.com (neutral report), livemint.com (neutral report), fortuneindia.com (neutral report), cnbctv18.com (neutral report), cnbctv18.com (2) (neutral report), thehindubusinessline.com (neutral report), economictimes.indiatimes.com (neutral report)
This brief was synthesised by AI from the 7 sources linked above, so one read covers every framing they carry. Methodology and corrections.
