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Brokerages See Wipro Q2 Revenue Dip, Margins Recovering
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.
Brokerages expect Wipro's IT services constant-currency revenue to decline 0.5–1% sequentially in the September quarter.
Forecasts put total revenue at ₹24,885–₹24,924 crore and profit after tax at ₹3,335–₹3,410 crore.
Analysts expect EBIT margins to improve by about 40 basis points, supported by currency benefits, efficiencies and the reversal of wage-hike impacts.
Emkay expects Wipro to guide for Q3 FY27 constant-currency revenue growth of -2% to 0% quarter-on-quarter.
PL Research estimates quarterly deal wins of $2.7–$2.8 billion; BFSI is expected to recover while EMR and healthcare remain under pressure.
- Who
- Wipro and the brokerages forecasting its results.
- What
- Brokerages expect modest overall revenue growth, a sequential decline in IT services constant-currency revenue, and improved margins.
- Where
- Not specified in the article.
- When
- The September quarter of FY27; Wipro is scheduled to announce results on October 15, 2026.
- Why
- Analysts cite continued demand pressures, while currency tailwinds, operating efficiencies and the reversal of wage-hike impacts are expected to support margins.
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.”
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