Wipro's shares rose by 6.5% on October 16, 2026, despite a nearly 5% sequential decline in net profits for the July-to-September quarter of fiscal year 2027. Investors responded positively to the company's slightly better-than-expected overall earnings, focusing on revenue growth and operating profits.
- Wipro's net profits fell 4.9% sequentially to ₹3,200 crore in Q2 FY27.
- Revenue from core operations increased 1.1% sequentially and over 9% year-on-year.
- Operating profit (EBITDA) rose 11.21% year-on-year to ₹4,863 crore.
- Voluntary attrition rate stood at 13.8% over the trailing 12 months.
- Experts predict a weaker growth outlook for Q3 FY27.
Why Did Wipro Shares Increase Despite Lower Profits?
Wipro's shares climbed to ₹185.45 each on the NSE, up 6.5% from the previous close of ₹174.05. The rise was driven by investor focus on the company's revenue growth and operating profit, which exceeded some expectations. Trading volumes were high, with over 5.94 crore shares exchanged on NSE and BSE combined.
How Did Wipro Perform Financially in Q2 FY27?
Wipro's consolidated net profits declined by nearly 5% sequentially to ₹3,200 crore. On a year-on-year basis, net profits decreased by 1.9%. However, revenue from core operations grew by 1.1% sequentially and more than 9% compared to the same quarter last year. The company's EBITDA increased by 11.21% year-on-year, reaching ₹4,863 crore.
What Are Analysts Saying About Wipro's Future Outlook?
Citibank analysts noted that Wipro's Q2 earnings were slightly better than expected but warned of sluggish trends ahead. They anticipate another quarter-on-quarter decline in Q3 FY27. Nomura analysts reported revenue slightly above estimates with margins in line and expect Wipro to return to a target margin band of 17-17.5% over time. Jefferies analysts highlighted a weak growth outlook, citing a 45% year-on-year decline in deal wins.
What Is Wipro's Management Guidance for Q3 FY27?
Wipro's management expects IT services business revenues between $2,571 million and $2,625 million in Q3 FY27. This guidance translates to a sequential change of -1.5% to +0.5% in constant currency terms, indicating cautious optimism amid challenging market conditions.
How Has Wipro's Stock Performed Recently?
Over the last five years, Wipro shares have lost 48% of their value. In the past three years, the stock declined by 10%, and over the last year, it dropped more than 27%. Year-to-date in 2026, the stock has fallen 31.4%. However, in the short term, shares have rebounded, rising 9.8% in the last month and 12.75% over the past five trading sessions. The 52-week high was ₹273.10 on December 22, 2025, and the low was ₹156.79 on September 29, 2026.
Frequently Asked Questions
Q: Why did Wipro's net profits decline in Q2 FY27?
A: The decline in net profits was due to sequential challenges despite revenue growth. Market conditions and operational factors contributed to the nearly 5% drop compared to the previous quarter.
Q: What is Wipro's outlook for the next quarter?
A: Analysts and management expect a weaker growth outlook for Q3 FY27, with possible quarter-on-quarter declines in revenue and cautious guidance from the company.
Q: How did Wipro's operating profit perform?
A: Wipro's EBITDA increased by 11.21% year-on-year to ₹4,863 crore, showing improvement in operating profitability despite net profit declines.
Q: What is the significance of Wipro's attrition rate?
A: The voluntary attrition rate of 13.8% indicates employee turnover levels, which can impact operational efficiency and costs.
Q: How has Wipro's stock trended recently?
A: While the stock has declined significantly over the years, it has shown short-term gains recently, rising nearly 10% in the last month.
