Wipro507685IT services
Wipro reported Q2 results with net profit of 3,200 crore rupees, below estimates, and EBIT margin of 16.1%, slightly missing expectations; analysts flagged continued revenue decline and weak deal bookings
By ScoutQuest · · 1 min read
- Net profit this quarter
- 3,200 crore rupees
- Net profit estimate
- 3,336 crore rupees
- EBIT this quarter
- 3,986 crore rupees
- EBIT estimate
- 4,018 crore rupees
- EBIT margin this quarter
- 16.1 percent
Heard on business television between 15:47:42 - 15:50:42 IST.
- Net profit came in at 3,200 crore rupees versus an estimate of about 3,336 crore rupees, a 4.5% decline.
- EBIT was reported at 3,986 crore rupees versus an estimate of 4,018 crore rupees, with EBIT margin at 16.1% against an expected 16.2-16.5%.
- Revenue came in line with estimates with a 0.9% uptick, aided by recent acquisitions contributing about 0.8% inorganic growth.
- Chakri Lokpriya of RSB said Wipro missed numbers for the third or fourth consecutive quarter of revenue decline, and said the company needs to show AI-related revenue acceleration like HCL Technologies did.
- Deal bookings came in within the expected 2.5-3 billion range but were down nearly 22% quarter-on-quarter due to a high base; CC growth came in at zero versus an expected negative 1.5 to negative 0.5%, which Lokpriya called a slight surprise though not clear evidence of a bottom.
- Lokpriya said valuations are cheap enough that he doubts significant downside from current levels, and said the market will watch management commentary on order book conversion.
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Source: Live TV News Channel · 15 Oct 2026
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