Wipro Ltd
Wipro Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #32 of 38 in IT - Software
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The short version
Q2 IT services revenue grew 0.3% sequentially in constant currency; slight decline of 2.6% YoY (Page 6). Wipro expects continued positive revenue momentum driven by ramp-up of large deal wins, particularly in BFSI and Healthcare sectors.
From Wipro Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Q2 IT services revenue grew 0.3% sequentially in constant currency; slight decline of 2.6% YoY (Page 6).
- Several large deal wins, especially in BFSI, with ramp-up expected over next 6-8 quarters (Pages 7, 12).
- BFSI sector showing positive momentum with expected sustained growth into Q3 and beyond, including ramp-up of large deals in Europe and APMEA, and anticipated growth in Americas (Pages 4, 7, 12, 17).
- Deal pipeline remains robust; focus on executing and converting bookings into revenue (Pages 7, 10).
- Some sectors (Consumer, Energy, Manufacturing) facing tariff-related challenges impacting growth; expected recovery efforts ongoing (Pages 12, 17).
2 more points from Wipro Ltd's call on revenue
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Profitability & Margins
See what Wipro Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Wipro is making ongoing investments for growth, particularly related to large deal wins and ramp-ups, which are exerting some margin pressure.
- The Harman Digital Transformation Solutions acquisition is a notable strategic investment expected to close soon; it will bring additional investment and a 60 basis points margin dilution.
- Investments include expanding centers in the U.S. to support demand and reducing reliance on H1-B visas.
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Top-ranked in IT - Software
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Wipro’s BFSI segment shows robust order booking, with a strong and positive pipeline, particularly in Europe and APMEA regions.
- Large deal wins in BFSI include renewals, expansions, and net new deals; the Phoenix deal is expected to start ramping up from Q3 2025.
- Sustained deal momentum is crucial to maintain growth, especially in BFSI; Europe client-specific challenges are largely behind, with growth trajectory improving.
2 more points from Wipro Ltd's call on order book
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Wipro Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹24.8K Cr, net profit ₹3.2K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Wipro's management said in earlier quarters
Others in IT - Software this season
- Systango Technologies Ltd (Q2 FY26)
Year-on-Year (YoY) revenue growth for H1-FY26 is 58.0% compared to H1-FY25 revenue of INR 288 million. Key investor presentation takeaways from Systango Technol
- 3i Infotech Ltd (Q2 FY26)
Q2 FY26 consolidated revenue from operations: ₹174.9 crore, a 2.5% increase quarter-on-quarter (QoQ) but a 2% decrease year-on-year (YoY) from ₹177.6 crore in…
- C.E. Info Systems Ltd (Q2 FY26)
IoT-led business growth is robust, with a 50% revenue increase from INR 54 crores to INR 74.5 crores year-on-year. Key concall takeaways from C.E. Info Systems…
- Cybertech Systems & Software Ltd (Q2 FY26)
Q2FY26 Total Revenue: ₹667.3 million, up 5.2% year-on-year (YoY) . Key investor presentation takeaways from Cybertech Systems & Software Ltd's Q2 FY26 investor
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Software
on management's own guidance
- Strong growth2
- Strong growth1
- CapitalNumbersGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Wipro Ltd Q2 FY26 results?
Q2 IT services revenue grew 0.3% sequentially in constant currency; slight decline of 2.6% YoY (Page 6). Wipro expects continued positive revenue momentum driven by ramp-up of large deal wins, particularly in BFSI and Healthcare sectors.
What is Wipro Ltd share price analysis?
Wipro Ltd currently shows a neutral. The stock trades at a P/E of 13.8 with a market cap of ₹182,705 Cr. Investors should review the full earnings analysis for detailed insights.
Is Wipro Ltd planning capital expenditure?
Wipro is making ongoing investments for growth, particularly related to large deal wins and ramp-ups, which are exerting some margin pressure. - The Harman Digital Transformation Solutions acquisition is a notable strategic investment expected to close soon; it will bring additional investment and a 60 basis points margin dilution. - Investments include expanding centers in the U.S.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.