Wipro net profit falls nearly 5% QoQ to ₹3,200 crore, revenue rises 1%; check key highlights

The company had posted a post-tax profit of ₹3,262.40 crore a year back. Sequentially, profit fell 4.67%.

Its revenue from operations advanced 9.06% YoY to ₹24,753 crore in Q2 FY27, compared to ₹22,697 crore in the same period of the previous fiscal year. Sequentially, revenue rose 1.12%.

The operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), jumped 11.21% YoY to ₹4,863 crore as compared to ₹4,372 crore in the corresponding quarter of the previous fiscal year.

IT services segment revenue stood at $2611.5 million, a decline of 0.1% QoQ and increase of 0.3% YoY.

Wipro Q3 FY27 outlook

Wipro expects revenue from its IT Services business segment to be in the range of $2,571 million to $2,625 million. This translates to sequential guidance of -1.5% to +0.5% in constant currency terms.

Wipro Q2 results: Key highlights

• Revenue at ₹24,753 crore, up 9.06% YoY and 1.12% QoQ.
• Net profit at ₹3,200 crore, down 1.92% YoY and 4.67% QoQ.
• IT services segment revenue was at $2611.5 million, decrease of 0.1% QoQ and increase of 0.3% YoY.
• Non-GAAP constant currency IT Services segment revenue was flat sequentially and increase of 0.6% YoY.
• IT services operating margin for Q2’27 was at 16.5%, up by 0.5% QoQ and down by 0.2% YoY.
• Earnings per share for the quarter at ₹3.23, increase of 0.9% QoQ and increase of 4.2% YoY.
• Voluntary attrition was at 13.8% on a trailing 12-month basis.

Srini Pallia, CEO and Managing Director, said that strategic investments are beginning to deliver results and are enhancing comoany's ability to win in new markets, add new clients and grow existing relationships.

"At the same time, our consulting-led, AI-powered strategy is helping us create larger transformation opportunities. We see AI as a long-term growth driver that will expand the addressable market for technology and business transformation. We are already seeing its potential reflected in the momentum across our AI-Native Unit and AI offerings portfolio," he said.

Aparna Iyer, Chief Financial Officer, said, "Our operating margin for the quarter was 16.5%, an expansion of 0.5% sequentially. We have delivered this improvement even while continuing to invest in our business and people. We remain relentless in driving cash flow conversion. Q2 is yet another quarter where our operating cash flow has been robust and stood at 166% of net income."