Wipro Shares Dip 1.1% On Wall Street After Mixed Q2 Results

Mixed results trigger market response

Wipro Ltd reported its financial results for the quarter ended September 30, 2025, showing a modest 1.2% year-on-year increase in consolidated net profit to ₹3,246 crore. Revenue from operations stood at ₹22,697 crore, slightly above analyst expectations. However, the company’s performance failed to excite investors, leading to a 1.1% decline in its US-listed shares.

The subdued reaction was attributed to conservative guidance and margin pressures in its IT services segment, which saw a 2.1% year-on-year decline in revenue.

Deal wins and operational metrics

Despite the lukewarm market response, Wipro reported strong deal momentum. Large deal bookings surged 90.5% year-on-year to $2.9 billion, while overall bookings reached $4.7 billion. The company’s adjusted operating margin expanded to 17.2%, up 0.4% year-on-year, and operating cash flows were 103.8% of net income.

Attrition rates also improved, dropping to 14.9% from 15.1% in the previous quarter, signaling better employee retention.

Key highlights from the September quarter

- Net profit rose 1.2% YoY to ₹3,246 crore  
- Revenue from operations reached ₹22,697 crore  
- IT services segment revenue declined 2.1% YoY  
- Large deal bookings jumped 90.5% YoY to $2.9 billion  
- Operating margin improved to 17.2%  
- Attrition rate dropped to 14.9%  

Strategic outlook and investor sentiment

Wipro’s management remains focused on long-term growth through strategic investments in cloud, AI, and cybersecurity. However, analysts note that the company’s muted guidance and margin compression may continue to weigh on investor sentiment in the near term.

The dip in US-listed shares reflects broader caution among global investors toward Indian IT stocks, which are navigating macroeconomic headwinds and evolving client demands.

Sources: Livemint, BusinessWire, Economic Times