What happened
Wipro reported a consolidated net profit of ₹3,199.7 crore for the September quarter (Q2 of FY27), down 1.9% from a year earlier, according to Mint. Revenue from operations rose 9.0% year-on-year to ₹24,752.7 crore.
Compared with the June quarter, profit fell 4.7% while revenue grew 1.1% from ₹24,478.6 crore. Economic Times reported the profit decline as 1.4% to ₹3,201 crore, so outlets differ slightly on the rounded profit figure. NDTV Profit also reported profit of about ₹3,200 crore.
IT services
In dollar terms, IT services revenue was $2,611.5 million, down 0.1% from the previous quarter and up 0.3% from a year earlier. In constant currency (a measure that strips out exchange-rate swings), revenue was flat sequentially and up 0.6% year-on-year.
The IT services operating margin, which shows how much of each rupee of revenue remains as operating profit, was 16.5%. That is 0.5 percentage points higher than in the previous quarter and 0.2 percentage points lower than a year ago.
Chief Financial Officer Aparna Iyer said the margin expanded despite continued investment in business and people. She added that operating cash flow was 166% of net income in the quarter.
Bookings and outlook
Total bookings, meaning the value of new contracts signed, fell to $2.6 billion from $4.7 billion a year earlier. They were down 22.9% from the previous quarter in constant currency. Large deal bookings were $0.7 billion, a 58.6% sequential fall in constant currency.
For the December quarter (Q3 FY27), Wipro expects IT services revenue of $2,571 million to $2,625 million. That works out to a sequential change of -1.5% to +0.5% in constant currency.
Revenue from Europe, which accounts for more than a quarter of the business, rose 5.1% year-on-year excluding currency effects. The company also signed partnerships with Anthropic and Google during the year.
What it means for you
Revenue growth of 9% alongside a small profit decline shows that the top line and the bottom line moved differently this quarter. The IT services business itself grew only marginally in dollar terms, and the guidance range allows for a small sequential fall.
If you hold Wipro shares directly or through an index fund tracking the Nifty 50, these figures are one input among many. This article does not suggest any action on the stock. You can use the CAGR calculator to work out growth rates between any two figures.
Background
Wipro announced the results after market hours on 15 October 2026. Mint describes it as India’s fourth-largest IT services company. The company reports IT services revenue in dollars because most of its business is with overseas clients, so the rupee and dollar figures can move differently.
