Wipro’s Q2 FY26 consolidated net profit rose ~1.2% to ₹32.46 billion as revenue ticked up and attrition eased to sub-15%. The company highlighted two mega wins (>$500 million each) including Phoenix Group, plus 30 large deals totaling $1.47 billion TCV. Margins held near ~17% despite a mixed demand backdrop. Shares dipped post-earnings as investors sought faster growth and stronger margin expansion. Management pointed to a healthier pipeline and cost discipline, guiding focus to H2 conversion and AI-led modernization programs.
Wipro’s Q2 FY26 consolidated net profit rose ~1.2% to ₹32.46 billion as revenue ticked up and attrition eased to sub-15%. The company highlighted two mega wins (>$500 million each) including Phoenix Group, plus 30 large deals totaling $1.47 billion TCV. Margins held near ~17% despite a mixed demand backdrop. Shares dipped post-earnings as investors sought faster growth and stronger margin expansion. Management pointed to a healthier pipeline and cost discipline, guiding focus to H2 conversion and AI-led modernization programs.
Wipro posts small profit uptick with mega deals; margins steady but investors await stronger H2 traction.
Wipro’s Q2 FY26 consolidated net profit rose ~1.2% to ₹32.46 billion as revenue ticked up and attrition eased to sub-15%. The company highlighted two mega wins (>$500 million each) including Phoenix Group, plus 30 large deals totaling $1.47 billion TCV. Margins held near ~17% despite a mixed demand backdrop. Shares dipped post-earnings as investors sought faster growth and stronger margin expansion. Management pointed to a healthier pipeline and cost discipline, guiding focus to H2 conversion and AI-led modernization programs.
Wipro’s Q2 FY26 consolidated net profit rose ~1.2% to ₹32.46 billion as revenue ticked up and attrition eased to sub-15%. The company highlighted two mega wins (>$500 million each) including Phoenix Group, plus 30 large deals totaling $1.47 billion TCV. Margins held near ~17% despite a mixed demand backdrop. Shares dipped post-earnings as investors sought faster growth and stronger margin expansion. Management pointed to a healthier pipeline and cost discipline, guiding focus to H2 conversion and AI-led modernization programs.