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Brokerages See Wipro Q2 Revenue Dip, Margins Recovering

Brokerages See Wipro Q2 Revenue Dip, Margins Recovering
Wipro Q2 preview: Brokerages expect weak revenue growth, margin recovery · thehindubusinessline.com

Wipro is expected to report its results for the July-to-September quarter on October 15.

Analysts think its IT services revenue, measured in constant currency, may be slightly lower than in the previous quarter.

They still expect total revenue to be higher than a year earlier.

Profit forecasts vary, but analysts expect it to be close to the previous quarter's level.

They also expect Wipro's operating margins to improve.

Lower wage costs, currency movements and efficiency efforts may help, while investments and new deal work could limit the improvement.

One analyst expects the company to forecast a small decline to no change in IT services revenue for the next quarter.

Analysts expect financial services to improve, while energy, manufacturing and resources, and healthcare may remain weak.

Key facts

Results announcement
October 15, 2026
Revenue estimate
₹24,885–₹24,924 crore
Revenue growth estimate
1.7–1.8% quarter-on-quarter; 9.6–9.8% year-on-year
IT services constant-currency estimate
A 0.5–1% quarter-on-quarter decline
Profit after tax estimate
₹3,335–₹3,410 crore
Expected EBIT margin improvement
About 40 basis points sequentially
Deal wins estimate
$2.7–$2.8 billion, according to PL Research

Quotes

Emkay Research

Brokerage whose report forecasts Wipro’s IT services revenue.

“We expect a 1 per cent sequential USD revenue decline in the IT services segment, including contributions from Mindsprint and Alphanet, after factoring in ~10bps cross-currency headwinds.”
thehindubusinessline.com

Sources

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