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Wipro Q2 FY27 Share Price & Earnings Call Analysis

₹190.10+3.04% today
Market cap
₹1.88L Cr
P/E
14.29
ROE
15.46%
PEG
2.80
Price to sales
1.93
Debt to equity
0.28
52W high / low
₹273 / ₹157
Sales growth (5Y)
8.38%
EBITDA margin
19.27%
Net profit margin
14.29%
Promoter holding
72.57%
Sales (last year)
₹97,023 Cr

Wipro Ltd is a global Information technology, consulting and business process services (BPS) company.[1]

Guidance scorecard · Q2 FY27 call

What Wipro's management guided
and where it ranks in IT - Software

#32of 38 in
IT - Software
Revenue0–10%MarginsUp 0–2%CapexPlannedFundraisingWhat management saidOrder bookRising

RevenueQ2 FY27 call

0–10%
  • Wipro expects sequential IT services revenue growth in Q3 to be between -1.5% to +0.5% in constant currency, impacted by seasonal furloughs.
  • The deal pipeline for Q3 and Q4 is described as very robust, with confidence in closing large deals that will drive revenue upside in Q4.
  • Management aims for consistent sequential organic growth over the coming quarters but provides guidance only on a quarterly basis.
  • BFSI and Technology sectors are seen as key growth drivers with strong pipeline and resilient demand.
  • AI-related investments and new AI services are driving new growth avenues, including AI data centers, foundry, physical AI, and design-to-manufacturing.

2 more points from Wipro's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Up 0–2%

See what Wipro said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • Wipro has made strategic investments with tangible returns beginning to show.
  • Acquisitions include Mindsprint (food and agriculture capabilities) and HARMAN DTS (engineering capabilities), enhancing market reach and client engagements.
  • Launched AI native unit with over 2,000 engineers, focusing on transitioning clients to AI-native enterprises, delivering nonlinear growth.
  • Accelerated investments in AI services and solutions across five emerging themes: AI data centers, AI foundry services, physical AI, AI devices, and design-to-manufacturing.

2 more points from Wipro's call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

See what Wipro said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Rising
  • Wipro has a robust and positive deal pipeline for Q3, with strong confidence in closing deals this quarter.
  • Some large deals from the previous quarter were delayed in signing but are expected to be closed in Q3.
  • Total contract value (TCV) in Q2 was $2.6 billion with nine large deals signed, including consulting-led AI-powered transformation deals.
  • Positive deal flow is expected to contribute to revenue upside in Q4 as well.
  • Management expressed optimism about converting pipeline deals, supporting quarterly execution and sequential growth.
  • Specific large deal closures and their impact will be shared in the next quarterly update (January).

2 more points from Wipro's call on the order book

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Full Q2 FY27 analysis
Full IT - Software ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in IT - Software
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. CapitalNumbersGood growth
    3
See all potential multibaggersWhere does Wipro rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

IT - Software companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹569 Cr34.7
240%+Flat₹336 Cr7.3
3CapitalNumbers20–40%Up 2%+₹181 Cr9.2
420–40%Up 2%+₹159 Cr11.5
520–40%Up 0–2%₹1,826 Cr28.5
620–40%Flat₹4,341 Cr84.7

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Pro shows every company guiding 40%+ revenue growth →Full IT - Software ranking

Wipro announcements

All announcements →

Financials of Wipro

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Wipro

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +72.90%72.89%72.82%72.80%72.75%72.73%72.67%72.66%72.64%72.62%72.59%72.57%
FIIs +6.70%6.96%7.12%7.27%7.81%8.35%8.16%8.45%8.22%8.32%8.85%9.46%
DIIs +8.13%8.28%8.25%8.71%8.20%7.47%7.78%7.86%8.38%7.86%5.22%5.14%
Public +12.16%11.76%11.68%11.10%11.12%11.31%11.28%10.89%10.63%11.08%13.21%12.70%
Others +0.13%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.12%0.12%
No. of Shareholders25,21,36123,97,64823,69,08922,36,75223,58,94324,31,18024,61,55025,15,45224,42,66226,03,14030,41,14729,25,405

Financials of Wipro

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +22,51622,20522,20821,96422,30222,31922,50422,13522,69723,55624,23624,47924,753
Expenses +18,54618,00717,82817,61417,79817,77917,88017,90218,32519,25919,32719,84619,890
Operating Profit3,9704,1984,3814,3504,5034,5404,6244,2334,3724,2964,9094,6334,863
OPM %18%19%20%20%20%20%21%19%19%18%20%19%20%
Other Income +7405986537309621,0051,2171,0729631,008857979764
Interest303312331329357415377361361366370473545
Depreciation897932840729831676722686692805728804877
Profit before tax3,5093,5523,8624,0224,2784,4534,7434,2584,2824,1344,6684,3344,205
Tax %24%24%26%24%25%24%24%22%24%24%25%23%24%
Net Profit +2,6672,7012,8583,0373,2273,3673,5883,3363,2623,1453,5223,3563,200
EPS in Rs2.532.582.712.873.073.203.413.183.102.973.343.383.23

Financials of Wipro

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +46,95151,24455,44854,48759,01961,13861,93579,31290,48889,76089,08892,62497,023
Expenses +36,65240,44844,12844,10047,40648,79547,16462,62873,64973,00871,06774,81378,322
Operating Profit10,29910,79611,32110,38711,61312,34214,77116,68416,83916,75218,02117,81118,701
OPM %22%21%20%19%20%20%24%21%19%19%20%19%19%
Other Income +2,4502,7522,6232,5502,6142,7282,4042,0672,2752,6313,9093,8993,608
Interest3505585945837387335095321,0081,2551,4771,4581,754
Depreciation1,1751,4962,3102,1121,9472,0862,7633,0783,3403,4072,9582,9113,215
Profit before tax11,22411,49411,03910,24211,54212,25213,90315,14114,76614,72117,49617,34217,341
Tax %22%22%23%22%22%20%22%19%23%25%24%24%
Net Profit +8,7148,9578,5188,0039,0189,77210,86812,24311,36611,11213,21813,26613,223
EPS in Rs6.586.766.556.637.468.519.8511.1510.3410.5712.5412.5812.92
Dividend Payout %34%17%6%6%7%6%5%27%5%5%48%87%

Financials of Wipro

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital4944944869051,2071,1431,0961,0961,0981,0452,0942,0981,981
Reserves36,59845,65151,18447,02255,21654,17953,80564,30776,57073,48880,27085,92176,978
Borrowings +7,89112,52214,24113,9019,9479,72410,45117,59317,46716,46519,20420,29122,106
Other Liabilities +13,36712,92412,76113,56316,21715,95417,21324,28021,78923,61126,36232,57434,462
Total Liabilities58,35071,59078,67275,39182,58681,00082,566107,276116,924114,609127,929140,884135,527
Fixed Assets +10,83717,27919,88618,12717,46522,06223,04037,99044,75743,62845,18751,69055,591
CWIP3953817381,3782,1421,8811,8531,602617723196412596
Investments5,53220,91529,91325,79722,88720,03218,77526,15433,07333,38443,92646,78637,148
Other Assets +41,58633,01628,13530,09040,09337,02438,89841,53138,47736,87338,62041,99542,192
Total Assets58,35071,59078,67275,39182,58681,00082,566107,276116,924114,609127,929140,884135,527

Financials of Wipro

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +7,8407,8879,2778,42311,63210,06414,75511,08013,06017,62216,94314,932
Cash from Investing Activity +-2,537-13,761-11,7703,5955,0653,593685-22,321-8,1691,144-8,044-2,448
Cash from Financing Activity +-830-159-2,275-12,998-4,937-15,100-12,8844,659-6,088-18,257-6,396-14,126
Net Cash Flow4,474-6,032-4,767-97911,760-1,4422,556-6,583-1,1975092,502-1,642
Free Cash Flow6,6996,5707,7506,3539,5487,84212,8739,13811,63116,97315,62113,447
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit100%98%104%108%122%87%117%82%96%114%109%99%

Financials of Wipro

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days717162686262565351474854
Inventory Days5666
Days Payable671597
Cash Conversion Cycle-544-46162686262565351474854
Working Capital Days15-14-233-13-18-31-15-3-4-17-47
ROCE %27%23%19%17%19%20%22%21%18%17%20%18%

Guidance history

How Wipro's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →0–10%Up 0–2%Planned—Rising
Q1 FY27 call →0–10%FlatPlanned——
Q4 FY26 call →0–10%FlatPlanned——
Q3 FY26 call →0–10%Flat——Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

23out of 100

Momentum score · price trend

23 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−21.5%35%
Last 6 months−5.3%45%
Last 3 months+2.0%67%

The price is 46.9% below its all-time high of ₹357.68 (31 Dec 2021). Stocks more than 20% below their peak have their score halved, so 45 became 23.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Wipro: 0.4 × 35 + 0.4 × 45 + 0.2 × 67 = 45, halved to 23 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Wipro's management said in earlier quarters

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