The American Depositary Receipts (ADRs) of Wipro recovered, surging 5% in Thursday’s trade on 15 October to hit a nearly two-month high of $1.91, even as the company’s September-quarter performance remained muted. Investors appeared to be rotating back into software stocks amid concerns over growth.
The Bengaluru-headquartered company reported a net profit attributable to equity holders of ₹3,200 crore, down 4.6% from ₹3,356.3 crore in the previous quarter and 1.9% year-on-year (YoY) from ₹3,262.4 crore in September 2025.
Wipro posted revenue from operations of ₹24,752.7 crore, marking a 1.1% increase from ₹24,478.6 crore in the June quarter and a 9% rise from ₹22,697.3 crore in the year-ago quarter. Revenue from the IT services segment came in at ₹24,667 crore, compared with ₹24,452.9 crore in the same period last year, marking a modest 1% YoY increase.
In constant currency terms, revenue remained flat quarter-on-quarter (QoQ) but increased by a modest 0.6% YoY. The IT services operating margin for Q2 FY27 stood at 16.5%, up 0.5 percentage points QoQ but down 0.2 percentage points YoY.
Revenue from the IT services segment stood at $2,611.5 million, down 0.1% QoQ but up 0.3% YoY.