Business EconomyPosted at: Oct 16 2025 9:35PM


Wipro Q2 net marginally higher amid one-off costs

Bengaluru, Oct 16 (UNI) Wipro Limited today reported a mixed performance for the July–September quarter (Q2 FY26), showing sequential growth in revenue but a marginal decline in profitability, even as bookings, cash flows, and operational efficiency remained strong.
The company's consolidated net profit stood at Rs 3,246.2 crore, up from Rs 3,208.8 crore in the same period last year, marking a 1.2 percent year-on-year rise. Sequentially, however, profit fell 2.5 percent.
Revenue from operations rose 1.7 percent year-on-year to Rs 22,697.3 crore and 2.5 percent over the previous quarter, reflecting steady demand across key business verticals.
Wipro attributed the sequential decline in profit to one-off items, including a client insolvency provision and normalization of tax rates. "The 3% decline in net profit quarter-on-quarter is due to one-off items and does not reflect operational inefficiency," CEO and Managing Director Srini Pallia said replying to a series of UNI queries, adding that the company's core business remains operationally sound.
The IT services operating margin, adjusted for the customer bankruptcy provision, stood at 17.2 percent, expanding 0.4 percent year-on-year. Operating cash flows remained strong at 103.8 percent of net income, underscoring disciplined execution and cost management. "Our operating margins have held steady within a narrow band despite macro challenges," he said.
Pallia said. "We are balancing investments for future growth while maintaining operational efficiency."
Large deal bookings for the first half of FY26 crossed USD 9.5 billion, supported by renewals and new strategic wins across banking, healthcare, retail, and telecom sectors. "Our bookings remain robust, with strong year-on-year growth. The sequential dip is not due to pricing pressure," Pallia said. He said the quarter included two major renewals, which sustained client relationships and created opportunities for organic growth.
Pallia added, "Our revenue momentum is strengthening, with Europe and APMEA returning to growth, and our operating margins holding steady. Our strategy is clear: remain resilient, adapt to global shifts, and lead with AI. I am excited to bring Wipro Intelligence to our clients, helping them scale confidently in an AI-first world."
Attrition for the quarter stood at 14.9 percent on a trailing 12-month basis, the lowest in recent quarters, reflecting improved employee retention. Wipro reaffirmed its localization push in the United States, with nearly 80 percent of its US employee base now comprising local hires.
"Approximately 80% of our US employee base are local hires, reflecting our purposeful approach to workforce localization," the company said. It added that recent changes to the H1B visa program are expected to have minimal business impact.
Despite a challenging macroeconomic backdrop, Wipro maintained margin stability and solid cash generation. The company said it will continue to focus on converting its robust pipeline into revenue while maintaining tight margin discipline. "We are balancing investments in growth with sustaining margins within a narrow band," management said.
For the quarter ending December 31, 2025, Wipro expects IT services revenue to be in the range of USD 2,591 million to USD 2,644 million, translating to sequential growth of -0.5 percent to 1.5 percent in constant currency.
UNI BDN CDS RN
Please log in to get detailed story.
Tags: #Wipro Q2 net marginally higher amid one-off costs
More News

Foreign exchange reserves fall by USD 21 87 billion in three weeks

09 Nov 2025 | 3:45 PM

Mumbai, Nov 9 (UNI) India’s foreign exchange reserves fell by USD 5.623 billion to USD 689.733 billion during the week ended October 31, marking a cumulative decline of USD 21.869 billion over the past three weeks.

see more..

Singareni launches free accidental insurance scheme to its employees & contract workers

09 Nov 2025 | 1:57 AM

Hyderabad, Nov 8 (UNI) Singareni Collieries Company Limited (SCCL) Chairman and Managing Director N. Balram today stated that the free accident insurance scheme, launched for the first time in the country for Singareni employees and contract workers with the cooperation of government and private sector banks as per the directions of the State Government, has become a model for the entire nation.
He said that both the Central and State Governments are now taking steps to implement this scheme in their respective organizations.

see more..

Adani Kutch Copper inks deal with caravel for Australian project

09 Nov 2025 | 12:18 AM

Mumbai, Nov 7 (UNI) Adani Group's Kutch Copper Ltd has officially announced that it has signed a non-binding memorandum of understanding (MoU) with Australia's Caravel Minerals Ltd to collaborate on the latter's copper project in Western Australia. According to the deal, Adani-owned Kutch Copper will have the first rights to participate at the project-level or as direct equity investments during the MoU term.

see more..

Tractor, tiller sales soar post-GST: VST CEO

08 Nov 2025 | 10:58 PM

By BD Narayankar
Bengaluru, Nov 8 (UNI) The recent reduction of GST on smaller farm machinery from 12% to 5% has given a strong boost to rural mechanisation, making tractors and power tillers more affordable for small and marginal farmers, VST Tillers Tractors Ltd CEO Anthony Cherukara said.

see more..

JSW Cement posts Q2FY26 net profit of Rs 75 cr

08 Nov 2025 | 8:27 PM

Mumbai, Nov 8 (UNI) JSW Cement has officially announced that it has posted an adjusted profit after tax (PAT) at Rs 75.4 crore in Q2FY26, compared with a loss of Rs 39.9 crore in Q2 FY25.

see more..