Wipro’s Q2 net falls sequentially
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Mumbai: IT major Wipro on Thursday reported a 2.5 per cent quarter-on-quarter (QoQ) decline in its consolidated net profit to Rs3,246 crore for the July–September quarter (Q2) of FY26, compared to Rs3,330 crore in the previous quarter (Q1 FY26).
However, the company’s profit rose 1.2 per cent year-on-year (YoY) for the July–September quarter, compared to Rs3,209 crore in the same period last financial year (Q2 FY25), as per its stock exchange filing.
The company’s revenue from operations rose 1.8 per cent YoY to Rs22,697 crore, up from Rs22,302 crore in the corresponding period last fiscal. On a quarterly basis, revenue grew 2.5 per cent from Rs 22,135 crore recorded in the April–June quarter, the exchange filing showed. Wipro’s expenses increased by over 2 per cent YoY to Rs 19,378 crore during the quarter.
