Wipro Closes 1.44% Higher As Net Profit Surges To ₹32,624 Million, Revenue Rises 1.8% YoY

Bengaluru, October 16: Wipro Limited share price witnessing positive investor demand today, on October 16. At the end of today’s trading session, the shares closed 1.445, or 3.60 points higher at ₹253.81. The shares made an intraday high of ₹254.07 and an intraday low of ₹248.80. The traded volume stood at 1.07 crore shares, with the company’s market cap at ₹2,62,316 crore. The shares have their 52-week high at ₹324.60 and their 52-week low at ₹228.

Wipro Limited is an Indian company that provides information technology, consulting, and business process services. It was established in 1945, and is headquartered in Bengaluru, Karnataka. The shares of the company are listed on NSE with the ticker symbol WIPRO and on BSE with the code 507685.

Key Trigger: Solid Financial Performance

For the second quarter of the financial year 2026, Wipro reported a revenue from operations of ₹22,697.3 crore and a total income of ₹23,645 crore. After accounting for total expenses of ₹19,377.8 crore, the profit before tax stood at ₹4,282.4 crore. The company’s net profit was ₹3,262.4 crore, a 1.1% increase compared to the same quarter last year. The basic Earnings Per Share (EPS) was ₹3.10, and the diluted EPS was ₹3.09. For the entire first half of the financial year, the company’s revenue from operations was ₹44,831.9 crore, and the net profit for the six-month period was ₹6,598.9 crore.

Comprehensive Income At ₹4,296.4 Crore

For the second quarter of FY26, Wipro’s total comprehensive income was ₹4,296.4 crore, which includes a net profit of ₹3,262.4 crore and other comprehensive income of ₹1,034 crore. The company’s main IT Services segment generated revenues of $2,604.3 million, reflecting a slight decline of 0.7% from the previous quarter and 2.1% from the same quarter last year, with an operating margin of 16.7%. The IT Products segment revenue was $12.7 million. The company’s total bookings for the quarter stood at $4.69 billion, up 30.9% year-on-year, which included large deals worth $2.85 billion.

Revenue Momentum Strengthening

Srini Pallia, CEO and Managing Director, said, “Our revenue momentum is strengthening, with Europe and APMEA returning to growth, and our operating margins holding steady. Bookings surpassed $9.5 billion for H1 FY26. We remain resilient, adapting to global shifts while leading with AI through Wipro Intelligence™.”

Aparna Iyer, CFO, added, “We are gradually returning to growth with three of our four strategic market units growing sequentially in Q2. Large-deal wins have already exceeded last year’s full-year figure, margins expanded by 0.4% YoY, and our cash conversion remains robust with 104% of net income converted to operating cash flow.”

REF: https://nsearchives.nseindia.com/corporate/Wipro_Secretarial_16102025154501_PressRelease.pdf

https://nsearchives.nseindia.com/corporate/Wipro_Secretarial_16102025154100_SEIntimationOutcomeofBM.pdf

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