Wipro reported a marginal 1.15% year-on-year (YoY) rise in consolidated net profit to ₹3,246 crore for the quarter ended September 2025, and a 2.5% drop quarter-on-quarter (QoQ).
The company’s consolidated revenue from operations grew 1.8% YoY to ₹22,697 crore, up from ₹22,302 crore in the corresponding quarter of the previous fiscal, and grew 2.5% QoQ.
Wipro reported an attrition rate of 14.9% in Q2, slightly down from 15.1% sequentially but up from 14.5% a year ago.
The company booked large deals worth $2.9 billion, marking a 90.5% year-on-year jump, while total deal bookings reached $4.7 billion.
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 within the narrow band. Bookings surpassed $9.5 billion for H1 FY26. Our strategy is clear: remain resilient, adapt to global shifts, and lead with AI. I am excited to bring Wipro Intelligence to our clients, helping them scale confidently and shape the future in an AI-first world.”
Though positive, this quarter is not much of an improvement for Wipro. The firm’s Q1 FY26 revenue stood at Rs 2,21,346 crore, up 0.8% year-on-year but down 1.6% from the previous quarter. Net profit fell 6.7% quarter-on-quarter to Rs 33,304 crore but rose 10.9% year-on-year, aided by higher other income and lower taxes.
Indian IT firms have been maintaining steady but mild growth this quarter. Earlier this week, HCLTech, TCS, and Tech Mahindra also reported their Q2 FY26 results.
HCLTech saw its profit remain flat in the July-September quarter at ₹4,236 crore, the same as last year. However, revenue rose 11% YoY to ₹31,942 crore, showing that AI is finally delivering positive results for the company, with $100 million in AI revenue.
TCS announced its on a path to become the world’s largest AI-led technology services company. The Indian tech giant reported a modest revenue jump of 3.7% QoQ, and net profit increased 8.4% YoY. The revenues stood at ₹65,799 crore, while the net profits rose to ₹12,904 crore.
The company, however, incurred a one-off restructuring expense of Rs 1,135 crore.
Tech Mahindra posted a net profit of ₹1,194 crore in the September quarter, up 5% sequentially from ₹1,140.6 crore in Q1 FY26, but a drop of 4.4% YoY.
The company’s revenue from operations came in at ₹13,995 crore, a 4.8% rise from ₹13,351 crore in the previous quarter and a 6.2% increase from ₹13,313 crore a year ago.
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