Wipro Shares Today: Q2 Revenue Growth Muted, Stock Dips on NSE

Wipro Ltd share price today saw a notable decline after the IT major released its Q2 FY26 results, making it one of the top movers on the Nifty 50 index. The stock opened lower, reflecting market reaction to modest revenue growth and cautious guidance for the coming quarters.

Market Performance

• Wipro shares fell as much as 4.6%, touching a low of ₹242 on NSE from the previous close of ₹253.81.
• The stock became the largest loser on Nifty 50 during early trading hours.
• Market sentiment was shaped by steady but muted growth figures in revenue and profit.

Q2 Results: Revenue and Profit Snapshot

Wipro reported moderate growth in its quarterly performance, with key financial highlights as follows:

• Consolidated profit after tax: ₹3,246 crore, up 1.15% YoY from ₹3,209 crore
• Revenue from operations: ₹22,697 crore, up 2% YoY, slightly below poll estimates of ₹22,700 crore
• Large deal bookings in H1 FY26: surpassed $9.5 billion, with Q2 bookings at $2.85 billion, up from $2.67 billion in Q1

The quarter reflected steady revenue momentum, particularly in Europe and APMEA markets, while operating margins remained stable within a narrow range.

Company Insights

• Wipro’s AI-driven platforms, under the “Wipro Intelligence” suite, continue to drive strategic transformation initiatives.
• Three out of four strategic market units delivered sequential growth in Q2.
• Operating cash flow and margins maintained strength despite modest top-line expansion.
• Guidance for the December quarter’s IT Services revenue is in the range of $2,591 million to $2,644 million, indicating a potential sequential growth of -0.5% to +1.5% in constant currency, excluding the contribution from the Harman Digital Transformation Solutions acquisition.

These figures underscore Wipro’s ongoing focus on resilience and its push toward AI and technology-enabled solutions.

Summary

Wipro’s Q2 FY26 results reveal steady but cautious growth. While revenue and profit increased modestly, strong deal bookings and stable operational metrics indicate the company’s ability to navigate market challenges and maintain a robust foothold in global IT services.

The stock’s movement reflects the market digesting both modest revenue growth and strategic investments in AI-led transformation.