Wipro reports 1.9% profit drop to Rs 3,201 crore
In short
Wipro said Q2FY27 net profit fell 1.9% year on year to Rs 3,201 crore. Revenue rose 9.1% to Rs 24,752.7 crore, and IT services revenue rose 0.3% to $2,611.5 million.
This matters because investors will compare strong revenue growth with weaker profit. The report gives Q3 guidance, but it does not explain why profit fell.
What the reporting says
Wipro reported a 1.9% year-on-year decline in Q2FY27 net profit to Rs 3,201 crore, while revenue rose 9.1% to Rs 24,752.7 crore. The publisher-supplied summaries also said IT services revenue increased 0.3% to $2,611.5 million and operating margin expanded to 16.5%. The company guided Q3 IT services revenue to -1.5% to 0.5%, but the reason for the profit decline was not stated.
Why it matters
Wipro’s Q2FY27 numbers show mixed performance: revenue and IT services revenue grew, while net profit fell year on year. The margin rose to 16.5%, which may help offset some pressure, but the source does not explain the profit decline. The guidance for Q3 revenue of -1.5% to 0.5% keeps attention on future demand and execution.