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Informist, Thursday, Oct. 16, 2025

 

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--Wipro Jul-Sept consol net profit INR 32.46 bln
--Analysts saw Wipro Jul-Sept consol net profit at INR 33.17 bln
--Wipro Jul-Sept consol revenue INR 226.97 billion
--Analysts saw Wipro Jul-Sept consol revenue at INR 227.25 bln
--Wipro Jul-Sept consol net profit INR 32.46 bln vs INR 33.30 bln qtr ago
--Wipro Jul-Sept consol revenue INR 226.97 bln vs INR 221.35 bln qtr ago
--Wipro Apr-Sept consol net profit INR 65.77 bln vs INR 62.12 bln year ago
--Wipro Apr-Sept consol revenue INR 448.32 bln vs INR 442.65 bln year ago 
--Wipro Jul-Sept consol IT svcs sales INR 226.4 bln vs INR 220.8 bln qtr ago 
--Wipro sees Oct-Dec IT svcs sales between $2.59 bln and $2.64 bln 
--Wipro sees Oct-Dec IT svcs sales between $2.59 bln and $2.64 bln 
--Wipro Jul-Sept IT services operating margin 16.7% 
--Wipro Jul-Sept revenue up 0.3% on quarter in constant currency terms 
--Wipro Jul-Sept revenue down 2.6% on year in constant currency terms 
--Wipro Jul-Sept IT svcs operating margin impacted by INR 1.17 bln provision 
--Wipro Jul-Sept revenue from BFSI 34.3% of sales vs 33.6% quarter ago 
--Wipro: Made provision of INR 1.17 bln due to bankruptcy of a customer 
--Wipro Jul-Sept revenue from consumer ops 18.2% of sales vs 18.6% quarter ago 
--Wipro Q2 revenue from tech, communications ops 15.6% of sales vs 15.5% qtr ago 
--Wipro Jul-Sept revenue from health ops 14.5% of sales vs 14.6% quarter ago 
--Wipro Jul-Sept revenue from energy, mfg ops 17.4% of sales vs 17.7% qtr ago 
--Wipro Jul-Sept BFSI sales up 2.2% QoQ in constant currency, down 4% YoY 
--Wipro Q2 IT svcs operating margin 17.2% ex-provision vs 16.7% reported 
--Wipro Q2 total bookings $4.69 bln, down 6.1% on qtr in constant currency 
--Wipro total headcount 235,492 as on Sept 30 vs 233,232 qtr ago 
--Wipro Jul-Sept employee utilisation 86.4% vs 85.0% quarter ago 
--Wipro Q2 large deal booking $2.85 bln, up 6.7% on qtr in constant currency 
--Wipro Jul-Sept voluntary 12-month attrition 14.9% vs 15.1% quarter ago 
--Wipro Q2 communications sales up 0.8% QoQ in constant currency, dn 1.7% YoY 
--Wipro Jul-Sept energy, mfg sales down 1.5% on qtr in constant currency 
--Wipro Jul-Sept energy, mfg sales down 0.5% on year in constant currency 
--Wipro Jul-Sept consumer sales dn 1.7% QoQ in constant currency, dn 7.4% YoY 
--Wipro Jul-Sept sales from Americas-1 up 0.5% QoQ in constant currency 
--Wipro Jul-Sept sales from Americas-2 dn 2% QoQ in constant currency 
--Wipro Jul-Sept sales from Europe up 1.4% QoQ in constant currency 
--Wipro Jul-Sept total active customers 1,257 vs 1,266 quarter ago 
--Wipro Jul-Sept new customers 45 vs 49 quarter ago 
--Wipro:Q3 guidance excludes likely sales from buying Harman's business unit 
--Wipro: All key financial parameters remain strong

 

By Shakshi Jain and Sunil Raghu

 

NEW DELHI/AHMEDABAD - Information technology major Wipro Ltd. Thursday posted a sequential decline in its bottom line for the September quarter despite a rise in its top line as the company's tax outgo rose in double digits for the three-month period. The company failed to meet the Street's projections for both revenue and net profit.

 

Wipro's consolidated net profit for the reporting quarter declined 2.5% sequentially but rose 1.2% on year to INR 32.46 billion. Analysts had expected the company to report a bottom line of INR 33.17 billion. The Bengaluru-based company's net revenue from operations rose 2.5% on quarter and 1.8% on year to INR 226.97 billion for Jul-Sept, missing the Street's projection of INR 227.25 billion. The performance of Wipro's top line for Jul-Sept was the best in nine quarters while the fall in its bottom line was less than the fall recorded in the trailing quarter.

 

The company's IT services sales rose to INR 226.4 billion from INR 220.8 billion for the trailing quarter. The company sees its December quarter IT services sales between $2.59 billion and $2.64 billion. It reported an IT services operating margin of 16.7%. The margin was hit by a provision of INR 1.17 billion due to the bankruptcy of one customer. Ex-provision, the operating margin from IT services was 17.2%.

 

"Our revenue momentum is strengthening, with Europe and APMEA (Asia-Pacific, Middle East, and Africa) returning to growth and our operating margins holding steady within the narrow band. Bookings surpassed $9.5 billion for H1FY26 (Apr-Sept)," Wipro said in a press release, quoting Managing Director and Chief Executive Officer Srini Pallia. "Our strategy is clear: remain resilient, adapt to global shifts, and lead with AI (artificial intelligence)."

 

Wipro's September quarter revenue in constant currency terms rose 0.3% on quarter but fell 2.6% on year, the company said. The gross revenue increased 2.5% on quarter and 1.8% on year to $2.56 billion. The operating cash flow for the quarter was $382 million.

 

Wipro's September quarter sales in Americas-1 rose 0.5% on quarter in constant currency terms but fell 2% in Americas-2. Wipro segments its operations in the Americas into two strategic business units--Americas-1 and Americas-2--to better align with industry-specific client needs and regional market dynamics. Americas-1 primarily caters to clients in the banking, financial services, and insurance sector and in consumer goods and life sciences, focusing on large, strategic accounts. Americas-2 serves a broader set of industries, including health care, energy and utilities, technology, communications, and manufacturing. For Europe, Wipro's Jul-Sept sales was up 1.4% on quarter in constant currency terms.

 

Consumer division sales fell 1.7% on quarter and 7.4% on year in constant currency. Energy and manufacturing segment sales were down 1.5% on quarter and 0.5% on year. The technology and communications segment saw growth of 0.8% on quarter but declined 1.7% on year, the company said. BFSI segment sales rose 2.2% on quarter but fell 4% on year.

 

The share of the energy and manufacturing segment in overall revenue fell to 17.4% from 17.7% a quarter ago. Healthcare sector sales, too, slipped marginally to 14.5% of total sales from 14.6% a quarter ago. Revenue from the technology and communication segment accounted for 15.6% of total sales for the quarter from 15.5% a quarter ago. Consumer operations segment sales fell to 18.2% of the total sales from 18.6% a quarter ago. The BFSI segment share in consolidated sales increased to 34.3% from 33.6% in the trailing quarter.

 

DEAL PIPELINE

Wipro's total bookings for the quarter fell 6.1% on quarter to $4.7 billion, the company said. Of the total deals signed during the quarter, 45 were with new customers compared with 49 in the trailing quarter, Wipro said. The company's total active customers as of Sept. 30 were 1,257, down marginally from 1,266 at the end of the trailing quarter. Wipro's September quarter large deals bookings were at $2.85 billion, up 6.7% on quarter in constant currency.

 

Wipro's employee voluntary utilisation for the quarter improved to 86.4% from 85.0% in the trailing quarter. The employee headcount as on Sept. 30 was at 235,492, up from 233,232 at the end of the June quarter. The 12-month attrition rate was at 14.9% against 15.1% a quarter ago.

 

For Apr-Sept, Wipro reported a consolidated net profit of INR 65.77 billion on a revenue of INR 448.32 billion. A year ago, the company had reported a consolidated net profit of INR 62.12 billion on a revenue of INR 442.65 billion.

 

Offering guidance for the December quarter, Wipro said it expects revenue from information technology services to fall 0.5% on quarter but rise 1.5% in constant currency terms. This implies that the revenue from IT services for the following quarter is expected to be in the range of $2.59 billion to $2.64 billion. The guidance did not include any expected revenue from the recently announced acquisition of Harman Digital Transformation Solutions, Wipro said in a statement accompanying the September quarter results.

 

Thursday, shares of Wipro ended 1.4% higher at INR 253.81 on the National Stock Exchange. The company detailed its earnings soon after the market closed for the day.  End

 

US$1 = INR 87.82

 

Edited by Rajeev Pai

 

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