Wipro Q2 FY27: Revenue Up 9% YoY to ₹247.5B, Net Profit Slips 2%
WIT sits 29% above its 52-week low of $1.59 on elevated volume (3.0× avg).
Summary
Wipro reported 9% year-over-year revenue growth to ₹247.5B for the September quarter, but net profit fell 2% to ₹32.0B as rising costs offset the top-line gain. The ₹150.5B buyback is complete, and cash generation improved to ₹85.9B for the half.
Key Events · Earnings and Guidance · WIT
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Q2 Revenue Grows 9% YoY
Consolidated revenue from operations rose to ₹247,527M from ₹226,973M a year earlier, with H1 revenue at ₹492,313M versus ₹448,319M.
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Net Profit Slips 2% YoY
Profit for the quarter was ₹31,997M versus ₹32,624M, as employee benefits expense climbed to ₹148,370M from ₹136,163M and finance costs rose to ₹5,454M from ₹3,612M.
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Europe Leads Segment Growth
Europe IT Services segment result nearly doubled to ₹11,309M from ₹6,962M, while Americas 1 declined to ₹16,009M from ₹17,265M; total IT Services result was ₹40,726M versus ₹37,809M.
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Buyback Completed, Capital Reduced
The 600M-share tender buyback at ₹250 per share closed in June 2026 for a ₹150,508M cash outflow, reducing paid-up equity capital by ₹1,200M to ₹19,810M.
Analysis · WIT · Technology
The margin squeeze is the story here. Wipro's September-quarter revenue grew 9.0% year over year to ₹247,527M, yet net profit fell 1.9% to ₹31,997M as employee costs and finance costs rose faster than sales. IT Services segment result improved to ₹40,726M from ₹37,809M, but higher depreciation (₹8,767M vs ₹6,917M) and finance costs (₹5,454M vs ₹3,612M) ate the gains below the operating line. Europe was the strongest geography, with segment result nearly doubling to ₹11,309M from ₹6,962M, while Americas 1 weakened to ₹16,009M from ₹17,265M. Cash generation was solid at ₹85,928M for the half versus ₹74,991M a year earlier, and the ₹150,508M buyback of 600M shares at ₹250 is now complete, cutting paid-up capital by ₹1,200M. Against ₹95,016M of cash, the balance sheet still carries ₹185,021M of current borrowings, so the net debt position and the pace of the profit decline are what matter for the stock.
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At the time of this filing, WIT was trading at $2.05 on NYSE in the Technology sector, with a market capitalization of approximately $18.9B. The 52-week trading range was $1.59 to $3.09. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.