Wipro Q2 Profit Up 1.2%, Shares Drop
Wipro Ltd reported a consolidated net profit of ₹3,246 crore in Q2 FY26, up 1.2% from ₹3,209 crore a year earlier. The figure fell short of street expectations.
Revenue and guidance
The company expects Q3 IT services revenue to be between USD 2.59 billion and 2.64 billion. Deal bookings reportedly jumped by 91% in the quarter.
Market reaction
Following the earnings release, Wipro’s stock plunged roughly 4.4%, reaching an intraday low of ₹242.65 on the BSE.
Outlook and risks
While the underlying business showed resilience, the miss on estimates increases pressure on Wipro to deliver stronger results ahead. Key challenges include margin maintenance, client demand, and global IT spending trends.
