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Wipro ADR Recovers After Initial Drop Following Q3 Revenue Outlook
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CNBC TV18•15-10-2026, 17:12
Wipro ADR Recovers After Initial Drop Following Q3 Revenue Outlook
- •Wipro ADRs pared earlier losses of up to 4.5% to trade down just 1.1% at $1.78 following its Q2 results and Q3 guidance.
- •The IT services company projects third-quarter revenue growth to range between a 1.5% decline and 0.5% growth in constant currency terms.
- •Wipro reported flat constant-currency revenue growth for the September quarter, outperforming poll estimates of a 0.75% decline.
- •EBIT margin improved to 16.5% in the September quarter compared to 16% in the previous quarter, matching expectations.
Key Questions Answered
Wipro expects its constant-currency revenue growth for the third quarter to range between a decline of 1.5% and a growth of 0.5% sequentially.
Wipro's American Depositary Receipts pared earlier losses after falling as much as 4.5% and were last trading down 1.1% at $1.78.
Wipro reported a net profit of ₹3,199.7 crore for the September quarter, down from ₹3,352 crore in the previous quarter, while its EBIT margin improved to 16.5% from 16% in the June quarter.
