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Wipro Shares Surge Nearly 7 Percent Following Q2 Earnings Report
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News18•16-10-2026, 11:45
Wipro Shares Surge Nearly 7 Percent Following Q2 Earnings Report
- •Wipro shares jumped nearly 7 percent on Friday following an increase in revenue from operations.
- •Revenue from operations rose by 9.1 percent to Rs 24,752.7 crore for the July-September quarter.
- •Consolidated net profit saw a marginal decline of 1.40 percent to Rs 3,200.6 crore due to lower other income after a share buyback.
- •Other major IT stocks including Tech Mahindra, Infosys, TCS, and HCLTech also traded higher amid earnings optimism.
Key Questions Answered
Wipro shares surged nearly 7 per cent following its earnings announcement, with the stock jumping 6.67 per cent to Rs 185.30 on the BSE and rallying 6.54 per cent to Rs 185.45 on the NSE.
Wipro reported a marginal decline of 1.40 per cent in consolidated net profit to Rs 3,200.6 crore for the July-September quarter of FY27, while its revenue from operations rose 9.1 per cent to Rs 24,752.7 crore.
For the October-December quarter, Wipro expects IT services revenue to be between USD 2,571 million and USD 2,625 million, translating to a sequential change of minus 1.5 per cent to plus 0.5 per cent in constant currency.
