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WIPRO Q2 FY27 results: net profit down 1.9% to ₹3,200 crore, revenue up 9.1%
Wipro Limited reported consolidated revenue of ₹24,753 crore in Q2 FY27, up 9.1% from Q2 FY26, while EBITDA rose 11.2% to ₹4,863 crore and margin expanded 0.3 percentage points to 19.6%. Net profit fell 1.9% to ₹3,200 crore and basic EPS increased 4.2% to ₹3.23.
Key points
- Consolidated revenue was ₹24,753 crore in Q2 FY27, up ₹2,055 crore or 9.1% from Q2 FY26 and ₹274.10 crore or 1.1% from Q1 FY27.
- EBITDA rose to ₹4,863 crore from ₹4,372 crore in Q2 FY26, while EBITDA margin increased to 19.6% from 19.3%.
- Net profit was ₹3,200 crore in Q2 FY27, down ₹62.70 crore or 1.9% from Q2 FY26 and ₹156.60 crore or 4.7% from Q1 FY27.
- Basic EPS rose to ₹3.23 from ₹3.1 in Q2 FY26 and ₹3.2 in Q1 FY27.
- Management guided Q3 FY27 IT services revenue to $2,571-$2,625 million, equivalent to sequential constant-currency growth of -1.5% to +0.5%.
How did WIPRO perform in Q2 FY27?
Wipro reported consolidated revenue of ₹24,753 crore in Q2 FY27, up ₹2,055 crore or 9.1% from Q2 FY26 and ₹274.10 crore or 1.1% from Q1 FY27. EBITDA was ₹4,863 crore, up ₹490.30 crore or 11.2% year on year and ₹229.50 crore or 5.0% sequentially; the margin increased to 19.6% from 19.3% and 18.9%.
Net profit was ₹3,200 crore, down ₹62.70 crore or 1.9% from Q2 FY26 and ₹156.60 crore or 4.7% from Q1 FY27. Basic EPS was ₹3.23, up ₹0.13 or 4.2% year on year and ₹0.03 or 0.9% sequentially. On a standalone basis, revenue was ₹18,941.6 crore, up 6.6%, while profit attributable to owners was ₹2,862.7 crore against ₹2,614.2 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 24,753 | 24,479 | 22,697 | +9.1% | +1.1% |
| Other income | 755.50 | 979 | 947.70 | −20.3% | −22.8% |
| Total expenses | 21,312 | 21,123 | 19,378 | +10.0% | +0.9% |
| EBITDA | 4,863 | 4,633 | 4,372 | +11.2% | +5.0% |
| EBITDA margin | 19.6% | 18.9% | 19.3% | +0.3 pp | +0.7 pp |
| Profit before tax | 4,196 | 4,335 | 4,267 | −1.7% | −3.2% |
| Tax | 1,005 | 978.20 | 1,020 | −1.5% | +2.7% |
| Net profit | 3,200 | 3,356 | 3,262 | −1.9% | −4.7% |
| EPS (₹) | 3.23 | 3.20 | 3.10 | +4.2% | +0.9% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in WIPRO's costs and profit?
Total expenses rose ₹1,934 crore or 10.0% from Q2 FY26 to ₹21,312 crore. Employee cost increased ₹1,221 crore or 9.0% to ₹14,837 crore, finance costs rose ₹184.20 crore or 51.0% to ₹545.40 crore, depreciation increased ₹185 crore or 26.7% to ₹876.70 crore, and other expenses rose ₹289.10 crore or 6.3% to ₹4,909 crore.
Other income fell ₹192.20 crore or 20.3% from Q2 FY26 to ₹755.50 crore. Tax expense was ₹1,005 crore, lower by ₹15 crore or 1.5% from ₹1,020 crore in Q2 FY26. There was no exceptional item. Profit before tax fell ₹71.10 crore or 1.7% to ₹4,196 crore despite the higher EBITDA.
Against Q1 FY27, total expenses increased ₹189.50 crore or 0.9%, while other income fell ₹223.50 crore or 22.8% and tax rose ₹26.80 crore or 2.7%. Employee cost increased ₹83.90 crore or 0.6%, finance costs rose ₹72.60 crore or 15.4%, and depreciation increased ₹72.30 crore or 9.0%; other expenses declined ₹94.40 crore or 1.9%. Management attributed the lower net other income to a reduced investable surplus after the June 2026 buyback.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 14,837 | 13,616 | +1,221 | +9.0% |
| Finance costs | 545.40 | 361.20 | +184.20 | +51.0% |
| Depreciation | 876.70 | 691.70 | +185 | +26.7% |
| Other expenses | 4,909 | 4,620 | +289.10 | +6.3% |
| Total expenses | 21,312 | 19,378 | +1,934 | +10.0% |
| Other income | 755.50 | 947.70 | −192.20 | −20.3% |
| Tax | 1,005 | 1,020 | −15 | −1.5% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, consolidated revenue rose ₹4,399.4 crore or 9.8% to ₹49,231.3 crore from ₹44,831.9 crore in H1 FY26. Total income increased ₹4,119.7 crore or 8.8% to ₹50,965.8 crore, while profit before tax was ₹8,531.1 crore, up ₹10.6 crore or 0.1%.
Net profit for the first half was ₹6,556.0 crore, down ₹42.9 crore or 0.7% from ₹6,598.9 crore in H1 FY26. Basic EPS increased from ₹6.28 to ₹6.43, a rise of ₹0.15 or 2.4%.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 49,231 | 44,832 | +9.8% |
| Profit before tax | 8,531 | 8,520 | +0.1% |
| Net profit | 6,556 | 6,599 | −0.7% |
| EPS (₹) | 6.43 | 6.28 | +2.4% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹135,526.7 crore, lower than ₹141,407.7 crore at 31 March 2026. Total equity fell to ₹79,130.7 crore from ₹88,269.2 crore, while borrowings rose to ₹18,502.1 crore from ₹16,787.4 crore. Cash and cash equivalents decreased to ₹9,501.6 crore from ₹10,555.5 crore.
Trade receivables declined to ₹12,906.0 crore from ₹13,590.1 crore, while trade payables rose to ₹6,970.9 crore from ₹6,289.4 crore. Inventories increased to ₹83.5 crore from ₹51.7 crore. In H1 FY27, operating cash flow was ₹8,592.8 crore, compared with ₹7,499.1 crore in H1 FY26.
Investing cash flow increased to ₹7,228.7 crore from ₹2,805.4 crore, while financing cash outflow was ₹16,935.5 crore against ₹9,860.4 crore in H1 FY26. Capital expenditure was ₹764.0 crore in H1 FY27, compared with ₹611.4 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1,35,527 | 1,41,408 |
| Total equity | 79,131 | 88,269 |
| Borrowings | 18,502 | 16,787 |
| Cash and equivalents | 9,502 | 10,556 |
| Inventories | 83.50 | 51.70 |
| Trade receivables | 12,906 | 13,590 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 8,593 | 7,499 |
| Cash from investing | 7,229 | 2,805 |
| Cash from financing | −16,936 | −9,860 |
| Capital expenditure | 764 | 611.40 |
Source: Company's results filing (XBRL).
How has WIPRO done over the last 8 quarters?
Revenue rose in each of the last eight quarters on a year-on-year basis. It reached ₹24,752.7 crore in Q2 FY27, above ₹24,478.6 crore in Q1 FY27 and the lowest quarterly figure of ₹22,134.6 crore in Q1 FY26.
Net profit peaked at ₹3,588.1 crore in Q4 FY25 and fell to ₹3,199.7 crore in Q2 FY27, compared with ₹3,356.3 crore in the preceding quarter. EBITDA margin reached its highest level of 20.5% in Q4 FY25, fell to 18.2% in Q3 FY26, and recovered to 19.6% in Q2 FY27 from 18.9% in Q1 FY27.
Which businesses drove the quarter?
Americas 1 reported revenue of ₹8,498.5 crore, up 13.6% from ₹7,482.1 crore, and EBIT of ₹1,600.9 crore against ₹1,543.5 crore. Europe recorded revenue of ₹6,754.6 crore, up 13.5%, and EBIT of ₹1,130.9 crore compared with ₹696.2 crore.
APMEA revenue rose 23.6% to ₹3,094.5 crore from ₹2,504.2 crore, with EBIT increasing to ₹432.3 crore from ₹330.8 crore. Americas 2 revenue fell 5.7% to ₹6,319.4 crore, while EBIT declined to ₹1,122.2 crore from ₹1,312.2 crore.
IT Products revenue increased 34.3% to ₹151.2 crore from ₹112.6 crore, while EBIT was a loss of ₹7.2 crore against EBIT of ₹10.1 crore. Unallocated EBIT was a loss of ₹213.7 crore against a loss of ₹101.8 crore, and reconciling items recorded an EBIT loss of ₹0.9 crore against a loss of ₹8.1 crore.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Americas 1 | 8,498 | +13.6% | 1,601 | 18.8% |
| Americas 2 | 6,319 | −5.7% | 1,122 | 17.8% |
| Europe | 6,755 | +13.5% | 1,131 | 16.7% |
| APMEA | 3,094 | +23.6% | 432.30 | 14.0% |
| Unallocated | 0 | −213.70 | ||
| IT Products | 151.20 | +34.3% | −7.20 | -4.8% |
| Reconciling Items | 0 | −0.90 |
Source: Company's results filing (XBRL segment data).
What else did the company announce?
The board approved the audited standalone and consolidated financial results under Ind AS and audited consolidated results under IFRS for the quarter and half year ended 30 September 2026 on 15 October 2026. Separately, Wipro said its step-down subsidiary, Wipro IT Services, LLC, had signed a definitive agreement to acquire a 20% shareholding in FLARRE.AI, Inc.
The FLARRE.AI acquisition is for cash at a cost of USD 2,000 and is expected to be completed by 31 October 2026, with no government or regulatory approval required. Wipro said the objective was to enhance its AI capabilities for the global insurance sector. The same-day filings did not announce a dividend or fund raise.
What did WIPRO's management say?
Management guided Q3 FY27 IT services revenue to $2,571 million-$2,625 million, equivalent to sequential growth of -1.5% to +0.5% in constant currency. Management said seasonal furloughs were broadly in line with the prior year and had been included in the guidance, while two large Q2 deals were expected to close in Q3.
Management said IT services revenue was flat sequentially and up 0.6% year on year in constant currency, while operating margin expanded 50bps to 16.5% because of operational improvements and rupee depreciation. It reported total contract value of $2.6 billion from nine large deals and said BFSI grew 1% sequentially and 1.3% year on year, with the Capco consulting arm driving momentum.
Management said it was working to return operating margin to the 17-17.5% band, although it had not committed to a timeline. CFO Aparna Iyer said, “Yes, I do think that, you know, from a we would like to get back to the band as quickly as possible, but we're not putting a timeline out there.” The AI-Native Unit had scaled to more than 2,000 engineers, including forward-deployed engineers.
Management identified US healthcare softness linked to policy changes and payer cost pressures, an Americas 1 sequential decline linked to client-specific issues and healthcare exposure, and Q3 pressure from seasonal furloughs and fewer working days. It also cited continued AI-Native Unit and acquisition investments as near-term margin headwinds and said the AI-Native Unit was building industry-specific language models.
How did WIPRO shares react?
The filing appeared after market hours at ₹170.2, against a previous close of ₹174.05. The shares were up 4.1% after 5 minutes, 6.0% after 15 minutes and 6.5% after 30 minutes. On the reaction day, the stock closed 5.9% above its pre-results close.
By the next day's close, the stock was up 4.6% from its pre-results close, and by the fifth session it was up 8.6%. The Computers - Software & Consulting median moved 1.4% on the reaction day and was down 4.2% after five sessions, leaving Wipro ahead of the industry median by 4.5 percentage points on the reaction day and 12.8 percentage points after five sessions.
Earlier reaction-day moves were mixed: Wipro fell 1.0% on 16 July 2026, 2.8% on 16 April 2026, 8.0% on 16 January 2026 and 5.1% on 16 October 2025, before rising 2.9% on 17 July 2025. The Nifty 100 moved 0.6% on the reaction day, was down 0.4% by the next day's close and was down 1.5% after five sessions.
| After the filing | Stock | Computers - Software & Consulting median |
|---|---|---|
| 5 minutes | +4.1% | |
| 15 minutes | +6.0% | |
| 30 minutes | +6.5% | |
| Reaction day | +5.9% | +1.4% |
| Next day | +4.6% | +0.0% |
| 5 days | +8.6% | −4.2% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 16 July 2026 | −1.0% |
| 16 April 2026 | −2.8% |
| 16 January 2026 | −8.0% |
| 16 October 2025 | −5.1% |
| 17 July 2025 | +2.9% |
| 16 April 2025 | −4.1% |
| 17 January 2025 | +6.7% |
| 17 October 2024 | +3.6% |
Source: MarketPing price-reaction measurement.
How did other Computers - Software & Consulting companies do?
Among 33 Computers - Software & Consulting companies that had filed for the quarter, the median revenue growth was 13.6%, compared with Wipro's 9.1%. Nine peers grew more slowly than Wipro, while 24 grew faster.
Of 32 peers for which profit was compared, 21 reported higher profit. The peer comparison was as of 4 November 2026.
| WIPRO revenue growth (YoY) | +9.1% |
|---|---|
| Median of 33 other Computers - Software & Consulting companies | +13.6% |
| Companies with slower revenue growth than WIPRO | 9 of 33 |
| Companies with faster revenue growth than WIPRO | 24 of 33 |
| Companies whose net profit rose | 21 of 32 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was WIPRO's revenue in Q2 FY27?
Revenue from operations was ₹24,753 crore, up 9.1% from ₹22,697 crore in Q2 FY26 (consolidated).
Did WIPRO make a profit in Q2 FY27?
Yes. Net profit was ₹3,200 crore, against a net profit of ₹3,262 crore in Q2 FY26.
What was WIPRO's EPS in Q2 FY27?
Basic earnings per share were ₹3.23, against ₹3.10 in Q2 FY26.
How did WIPRO shares react to the Q2 FY27 results?
On the reaction day the stock moved +5.9% from the previous close; the median Computers - Software & Consulting stock moved +1.4%.
When did WIPRO announce its Q2 FY27 results?
On 15 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for To Consider And Approve Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2026. (BSE, 5 October 2026) · PDF
- Closure of Trading Window (BSE, 5 October 2026) · PDF
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation (BSE, 7 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting - Financial Results (BSE, 15 October 2026) · PDF
- Outcome Of Board Meeting - Financial Results (BSE, 15 October 2026) · PDF
- Announcement under Regulation 30 (LODR)-Press Release / Media Release (BSE, 15 October 2026) · PDF
- Auditor''s Report On Financial Statements For The Quarter And Half Year Ended September 30, 2026 With UDIN (BSE, 15 October 2026) · PDF
- The earnings call (16 October 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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