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Wipro Q2 profit falls 1.9 per cent to Rs 3,200 crore
Revenue rises 9.1 per cent to Rs 24,753 crore as higher costs weigh on earnings
MUMBAI: Wipro’s top line kept climbing, but its bottom line hit a speed bump as rising costs took some shine off its September quarter performance.
The IT services major reported consolidated revenue from operations of Rs 24,752.7 crore for the second quarter of FY27, up 9.1 per cent from Rs 22,697.3 crore in the corresponding quarter last year. Consolidated profit for the period, however, fell 1.9 per cent to Rs 3,199.7 crore from Rs 3,262.4 crore.
Total income increased to Rs 25,508.2 crore from Rs 23,645 crore, but total expenses rose to Rs 21,312.1 crore from Rs 19,377.8 crore. Employee benefits remained the biggest cost, climbing to Rs 14,837 crore from Rs 13,616.3 crore. Depreciation, amortisation and impairment expenses increased to Rs 876.7 crore from Rs 691.7 crore, while subcontracting and technical fees stood at Rs 2,811.1 crore, against Rs 2,649.8 crore a year earlier.
Profit before tax slipped to Rs 4,204.7 crore from Rs 4,282.4 crore. Earnings per share, meanwhile, rose to Rs 3.23 from Rs 3.10.
Wipro’s IT Services business generated revenue of Rs 24,667 crore, compared with Rs 22,640.5 crore in the year-ago quarter. Europe recorded revenue of Rs 6,754.6 crore, up from Rs 5,953.1 crore, while Americas 1 grew to Rs 8,498.5 crore from Rs 8,055.6 crore.
Americas 2 contributed Rs 6,319.4 crore, compared with Rs 6,127.6 crore, and the Asia Pacific, Middle East and Africa (APMEA) region rose to Rs 3,094.5 crore from Rs 2,504.2 crore. IT Products revenue increased to Rs 151.2 crore from Rs 112.6 crore.
For the six months ended 30 September 2026, consolidated revenue from operations rose 9.8 per cent to Rs 49,231.3 crore from Rs 44,831.9 crore. Consolidated profit for the period edged down to Rs 6,556 crore from Rs 6,598.9 crore, while earnings per share increased to Rs 6.43 from Rs 6.28.
Standalone results showed a stronger profit performance. Revenue from operations rose to Rs 18,941.6 crore from Rs 17,770 crore, while quarterly profit increased to Rs 2,862.7 crore from Rs 2,614.2 crore. Standalone earnings per share stood at Rs 2.89, against Rs 2.50.
Wipro also completed its buyback of 600 million equity shares at Rs 250 per share during the six-month period. The transaction resulted in a cash outflow of Rs 15,050.8 crore, including transaction costs, according to the filing.
Net cash generated from standalone operating activities increased to Rs 6,068.7 crore from Rs 4,369.6 crore in the year-ago period.
The board approved the audited financial results on 15 October. Deloitte Haskins & Sells LLP issued unmodified audit opinions on the standalone and consolidated results.
