Shares of Wipro Ltd fell sharply by 4.23% to Rs 243.08 in Friday’s early trade after the IT services major reported a muted performance for the July–September quarter of FY26. The stock opened lower from its previous close of Rs 253.81 and hit an intraday low of Rs 242.22 on the NSE.
Q2 FY26 results overview
Wipro reported a 1.15% year-on-year (YoY) increase in consolidated net profit to Rs 3,246 crore for the quarter ended September 2025, compared to Rs 3,209 crore in the same period last year.
The company’s revenue from operations grew marginally by 2% YoY to Rs 22,697 crore, which fell slightly below CNBC-TV18’s poll estimate of Rs 22,700 crore.
Management commentary
“We are strengthening our revenue momentum, with Europe and APMEA (Asia Pacific, Middle East, and Africa) returning to growth, and our operating margins holding steady within the narrow band,” said Srini Pallia, CEO and Managing Director of Wipro.
He added, “Our strategy is clear — remain resilient, adapt to global shifts, and lead with AI. With Wipro Intelligence, we aim to help clients scale confidently and shape the future in an AI-first world.”
Business outlook
Wipro Intelligence, the company’s newly introduced unified suite of AI-driven platforms and solutions, is expected to be a key growth pillar in the coming quarters as clients accelerate their digital transformation.
However, analysts noted that the Q2 performance remained subdued compared to peers, with muted revenue growth and limited margin expansion.
At current levels, Wipro’s market capitalization stands at Rs 2.55 lakh crore, with a P/E ratio of 18.96 and a dividend yield of 3.9%.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
