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WIPRO Diversified 15 Oct 2025

Wipro Limited — Q2 FY26

Wipro's Q2 FY26 IT services revenue was $2.6B, with sequential growth of 0.3% CC but a YoY decline of 2.6%.

neutral medium
Compare with...
Revenue ₹22,697 Cr -2.6%
EBITDA
PAT ₹3,262 Cr +1.2%
EBITDA Margin 16.7% -10bps
Duration
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Execution Risk on Large Deal Ramp-Up

Large deals, especially mega renewals, may take several quarters to ramp, delaying revenue conversion.

medium · management_commentary
R

Discretionary Spending Slowdown

Management noted no dramatic uptick in discretionary spending; clarity expected only after client budgeting in January.

medium · analyst_question
R

Tariff Uncertainty Impact on Key Sectors

Consumer, energy, and manufacturing clients are reevaluating supply chains due to tariffs, affecting demand.

high · management_commentary
R

Margin Pressure from Growth Investments

CFO acknowledged that investments for growth will pressure margins, though intent is to keep them in a narrow band.

medium · management_commentary