Wipro reported consolidated revenue of Rs 24,752.7 crore for Q2 FY27, up from Rs 22,697.3 crore last year. Despite the topline growth, net profit saw a marginal decline to Rs 3,199.7 crore. Additionally, the company concluded a massive Rs 15,050.8 crore share buyback program, resulting in a reduction of paid-up equity capital.
Wipro Q2 FY27: Revenue Rises, Profit Declines Following Buyback Completion
Revenue: Rs 24,752.7 crore; Net Profit: Rs 3,199.7 crore.
Reader Takeaway: Revenue growth signals steady business demand, while buyback-driven capital reduction highlights active capital allocation strategy.
What just happened
Wipro Limited has released its financial results for the quarter ended September 30, 2026. The company reported consolidated revenue of Rs 24,752.7 crore, reflecting growth compared to Rs 22,697.3 crore in the corresponding period last year. Consolidated net profit for the quarter stood at Rs 3,199.7 crore, marking a slight decline from the Rs 3,262.4 crore reported in Q2 FY26.
Why this matters
The revenue figures suggest healthy operational demand in the IT Services segment, which remains the primary revenue contributor at Rs 24,667 crore. Investors are also digesting the conclusion of a significant share buyback, where Wipro extinguished 600 million equity shares at Rs 250 each. This corporate action led to a cash outflow of Rs 15,050.8 crore and a reduction in the company's paid-up equity share capital by Rs 120 crore.
Auditor Opinion
Deloitte Haskins & Sells LLP, the statutory auditor, has provided an unmodified opinion on both the standalone and consolidated financial results, signaling no major accounting concerns.
Context Metrics
For the half-year (H1) period ending September 30, 2026, Wipro reported total revenue of Rs 49,231.3 crore compared to Rs 44,831.9 crore in H1 FY26. H1 net profit was recorded at Rs 6,556 crore, slightly below the Rs 6,598.9 crore achieved in the previous year's corresponding period.