In short: Wipro's Q2 FY27 revenue rose 9.1% to ₹24,753 crore from a year earlier, and net profit fell 1.4% to ₹3,201 crore. IT services operating margin was 16.5%, up 50 bps from the previous quarter. In the first trading session after the results (16 Oct), the median NAV change was +1.8% for technology funds, +4.0% for IT index funds and ETFs and +0.7% for Nifty 50 index funds. IT services revenue was flat on the June quarter in constant currency, in the upper half of Wipro's guidance, but total bookings fell 22.9% to $2,595 million and large-deal bookings 58.6%.
What changed in Wipro's Q2 FY27 results
- Revenue from operations was ₹24,753 crore, up 9.1% from a year earlier and up 1.1% from the previous quarter.
- Net profit was ₹3,201 crore, down 1.4% from a year earlier and down 4.5% from the previous quarter.
- IT services operating margin was 16.5%, up 50 bps from the previous quarter and down 20 bps from a year earlier.
- IT services revenue was $2,611.5 million. In constant currency, IT services revenue grew 0.6% from a year earlier and was flat on the previous quarter.
- Total bookings: $2,595 million, against $3,370 million in the previous quarter.
- Headcount was 236,328, down 6,716 in the quarter. Voluntary attrition in IT services over the last twelve months was 13.8%.
- Guidance for Q3 FY27: IT services revenue of $2,571–2,625 million, a change of −1.5% to +0.5% from the previous quarter in constant currency.
Wipro Q2 FY27 results at a glance
| Metric | Q2 FY27 | Q1 FY27 | Q2 FY26 | QoQ | YoY |
|---|---|---|---|---|---|
| Revenue (₹ crore) | 24,753 | 24,479 | 22,697 | +1.1% | +9.1% |
| Net profit (₹ crore) | 3,201 | 3,352 | 3,246 | −4.5% | −1.4% |
| IT services operating margin | 16.5% | 16.0% | 16.7% | +50 bps | −20 bps |
Genvest analysis
IT services revenue was $2,611.5 million, down 0.1% from the June quarter and up 0.3% from a year earlier. In constant currency it was flat on the quarter and up 0.6% on the year, which put it in the upper half of Wipro's guidance of a −1.5% to +0.5% change.
By market, APMEA grew 3.1% and Europe 0.6% from the previous quarter in constant currency, and Americas 2 rose 0.9%, while Americas 1, the largest unit at 34.4% of IT services revenue, fell 2.1%. Among sectors, consumer grew 2.6% and banking, financial services and insurance, at 34.5% of revenue, 1.0%; health fell 3.8% and technology and communications 2.6%.
In rupees, revenue rose 1.1% from the previous quarter to ₹24,752.7 crore and 9.1% from a year earlier. The IT services operating margin rose to 16.5% from 16.0% in the June quarter, against 16.7% a year earlier. Net profit attributable to shareholders fell 4.5% to ₹3,200.6 crore as finance and other income dropped to ₹677.0 crore from ₹887.2 crore and finance expenses rose to ₹545.4 crore from ₹472.8 crore. Earnings per share still rose to ₹3.23 from ₹3.20, on the lower share count after the buyback completed in June.
Total bookings were $2,595 million, down 22.9% from the June quarter in constant currency, and large-deal bookings fell 58.6% to $674 million. Wipro added 33 new clients in the quarter, and the number of clients above $100 million in annual revenue rose to 18 from 16.
Headcount fell by 6,716 to 236,328, and voluntary attrition in IT services over the past year was 13.8%. For the December quarter, Wipro guided IT services revenue of $2,571–2,625 million, a −1.5% to +0.5% change from the previous quarter in constant currency, the same range it gave for this quarter.
Wipro revenue, margin and earnings trend
- Revenue went from ₹22,319 crore in Q3 FY25 to ₹24,753 crore in Q2 FY27, rising on the previous quarter in 6 of the last 7 quarters.
- Year-on-year revenue growth over the last 4 quarters ranged from 5.5% to 10.6% in rupees.
- In constant currency, growth on the previous quarter ranged from −2.0% to 1.4% over the last 8 quarters.
- Earnings per share over the last four quarters were ₹12.75, against ₹12.90 in the four quarters before (−1.2%).
- IT services operating margin ranged from 16.0% (Q1 FY27) to 17.6% (Q3 FY26); the latest 16.5% is 110 bps below the high.
| Quarter | Revenue (₹ crore) | YoY | CC growth QoQ | IT services operating margin | EPS (₹) |
|---|---|---|---|---|---|
| Q2 FY27 | 24,753 | +9.1% | 0.0% | 16.5% | 3.23 |
| Q1 FY27 | 24,479 | +10.6% | −1.2% | 16.0% | 3.20 |
| Q4 FY26 | 24,236 | +7.7% | +0.2% | 17.3% | 3.34 |
| Q3 FY26 | 23,556 | +5.5% | +1.4% | 17.6% | 2.98 |
| Q2 FY26 | 22,697 | +1.8% | +0.3% | 16.7% | 3.10 |
| Q1 FY26 | 22,135 | – | −2.0% | 17.3% | 3.18 |
| Q4 FY25 | 22,504 | – | −0.8% | 17.5% | 3.41 |
| Q3 FY25 | 22,319 | – | +0.1% | 17.5% | 3.21 |
Constant-currency growth and margin are for the IT services segment. The Q2 FY26 margin includes a ₹116.5 crore provision for a customer's bankruptcy (17.2% excluding it). Earnings per share are adjusted for the 1:1 bonus issue of December 2024, and Q3 FY26 includes a ₹243.8 crore Labour Codes charge after tax. Source: Wipro's quarterly data sheets and results filings.
How IT funds moved after Wipro's results
Median one-day change in NAV between 15 Oct and 16 Oct, across the Direct-Growth plans in each group (all units for ETFs). NAVs capture the whole day's market, not only one company's results. Tech Mahindra also reported on 15 Oct, so the move reflects both.
| Fund group | Median change | Funds |
|---|---|---|
| Technology funds | +1.76% | 12 |
| IT index funds and ETFs | +4.02% | 17 |
| Nifty 50 index funds | +0.66% | 23 |
Source: AMFI daily NAVs.
What Wipro's results mean for fund investors
- Technology funds. Large IT services companies are usually among the biggest holdings of technology funds, so results days move these funds more than diversified equity funds.
- Index funds. IT services is one of the larger sectors in the Nifty 50, so Nifty 50 index funds also carry some of this result.
- Overlap. If you hold several technology funds, or IT shares alongside them, check how concentrated you are with the portfolio analyzer.
Wipro Q2 FY27 results: questions
When did Wipro announce Q2 FY27 results?
Wipro announced its Q2 FY27 results on 15 October 2026.
What was Wipro's Q2 FY27 net profit?
Net profit was ₹3,201 crore, down 1.4% from a year earlier and down 4.5% from the previous quarter.
What was Wipro's Q2 FY27 revenue?
Revenue from operations was ₹24,753 crore, up 9.1% from a year earlier and up 1.1% from the previous quarter.
Other IT Q2 FY27 results
- TCS Q2 FY27 results · 8 October 2026 · net profit +15.0% YoY
- HCLTech Q2 FY27 results · 12 October 2026 · net profit +21.2% YoY
- Wipro Q2 FY27 results · 15 October 2026 · net profit −1.4% YoY
- Tech Mahindra Q2 FY27 results · 15 October 2026 · net profit +32.7% YoY
- Infosys Q2 FY27 results · 23 October 2026 · net profit +6.2% YoY
All IT Q2 FY27 results in one place
Sources
- Wipro Q2 FY27 press release
- Wipro Q2 FY27 financial results (Regulation 33 filing)
- Wipro Q2 FY27 data sheet
- Wipro Q1 FY27 press release
- Wipro: Q2 results to be announced on 15 October 2026
- AMFI daily NAVs, 16 Oct.
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