Wipro Q2 profit up 1.2% to ₹3,246 cr, revenue at ₹22,302 cr; sees Q3 growth at -0.5% to 1.5%

IT behemoth Wipro Ltd has reported a 1.2% year-on-year rise in consolidated profit to ₹3,246 crore for Q2 FY26, while its revenue came in at ₹22,697 crore in the July-September quarter, a 1.8% increase from ₹22,302 crore in the same quarter last year.

For Q2 FY26, IT services segment revenue dipped 2.1% YoY at $2,604.3 million, said Wipro. Total bookings stood at $4,688 million, up by 30.9% YoY in constant currency, while large deal bookings were worth $2,853 million, an increase of 90.5% YoY in constant currency.

Srini Pallia, CEO and Managing Director, said: “Our revenue momentum is strengthening, with Europe and APMEA returning to growth, and our operating margins holding steady within the narrow band. Bookings surpassed $9.5 billion for H1 FY26. Our strategy is clear: remain resilient, adapt to global shifts, and lead with AI. I am excited to bring Wipro Intelligence™ to our clients, helping them scale confidently and shape the future in an AI-first world.”

Aparna Iyer, Chief Financial Officer, said: “We are gradually returning to growth trajectory with three of our four SMUs growing sequentially in Q2. All key financial parameters continue to remain strong. Our large deal bookings in the first two quarters have now surpassed the large deal booking for full year FY’25. Our adjusted margins for Q2 expanded by 0.4% YoY. EPS for the quarter grew 1% YoY. Lastly, our cash flow conversion continues to remain strong with operating cash flow at 104% of our net income for Q2.”

The company's IT services operating margin for Q2’26 was 16.7%, impacted by a provision of ₹116.5 crore made with respect to bankruptcy of a customer, said Wipro. "Adjusted for this event, IT services margin for the quarter was 17.2%, contraction of 0.1% QoQ and expansion of 0.4% YoY."

Earnings per share for the quarter stood at ₹3.1, an increase of 1.0% YoY, while operating cash flows came in at ₹3,390 crore. Wipro said its voluntary attrition stood at 14.9% on a trailing 12-month basis.

In its outlook for the quarter ending December 31, 2025, Wipro said it expects revenue from our IT services business segment to be in the range of $2,591 million to $2,644 million, which translates to sequential guidance of (-)0.5% to (+)1.5% in constant currency terms. "The guidance stated above does not include any expected revenue from the recently announced acquisition of Harman Digital Transformation Solutions," the company said.

Shares of Wipro closed 1.42% up at ₹253.75 on the BSE.